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Pricing

2022
Flag → Flag
Exports $9.34MRnk 85 / 205
2022
Flag → Flag
Top Product $2.43MIntegrated Circuits
2022
Flag → Flag
Exports $19.8MRnk 87 / 196
2022
Flag → Flag
Top Product $5.17MWadding
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Philippines-Lithuania Trade: In 2022, Philippines exported $9.34M to Lithuania. The main products that Philippines exported to Lithuania were Integrated Circuits ($2.43M), Electric Motors ($1.68M), and Office Machine Parts ($845k). Over the past 5 years the exports of Philippines to Lithuania have increased at an annualized rate of 9.33%, from $5.98M in 2017 to $9.34M in 2022.

In 2022, Philippines did not export any services to Lithuania.

Lithuania-Philippines Trade: In 2022, Lithuania exported $19.8M to Philippines. The main products that Lithuania exported to Philippines were Wadding ($5.17M), Animal or Vegetable Fertilizers ($3.21M), and Other Sugars ($1.97M). Over the past 5 years the exports of Lithuania to Philippines have increased at an annualized rate of 17.5%,  from $8.86M in 2017 to $19.8M in 2022.

In 2020, Lithuania exported services to Philippines worth $6.28M, with Travel ($5.94M) and Other business services ($343k) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

October, 2024

About

Overview In October 2024, Philippines exported $125k and imported $1.31M from Lithuania, resulting in a negative trade balance of $1.18M. Between October 2023 and October 2024 the exports of Philippines have decreased by $-291k (-70%) from $416k to $125k, while imports increased by $600k (84.6%) from $709k to $1.31M.

Trade In October 2024, the top exports of Philippines to Lithuania were Bi-Wheel Vehicle Parts ($1.5M), Vegetable Saps ($258k), Integrated Circuits ($87.9k), and Processed Fish ($40k). In October 2024 the top imports of Philippines from Lithuania were Wadding ($242k), Other Sugars ($165k), Animal Food ($69.9k), Cheese ($52.8k), and Other Furniture ($28.6k).

Growth In October 2024, the decrease in Philippines's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Integrated Circuits ($-254k or -74.3%) and Processed Fish ($-31.2k or -43.9%). In October 2024, the increase in Philippines's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Wadding ($9.55k or 4.11%), Glass Mirrors ($3.14k or 698%), and Seats ($1.6k or 94.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-291k(-70%)
IMPORT GROWTH (October 2023 - October 2024)$600k(84.6%)

This section shows exports and imports data at subnational level for Philippines. Click any date in the line plot or any product to explore the exports or imports behavior of Philippines over time.

To check Lithuania and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lithuania and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $9.34M to Lithuania. The main products exported from Philippines to Lithuania were Integrated Circuits ($2.43M), Electric Motors ($1.68M), and Office Machine Parts ($845k). During the last 5 years the exports of Philippines to Lithuania have increased at an annualized rate of 9.33%, from $5.98M in 2017 to $9.34M in 2022.

In 2017, Lithuania exported $19.8M to Philippines. The main products exported from Lithuania to Philippines were Wadding ($5.17M), Animal or Vegetable Fertilizers ($3.21M), and Other Sugars ($1.97M). During the last 5 years the exports of Lithuania to Philippines have increased at an annualized rate of 17.5%, from $8.86M in 2022 to $19.8M in 2017.

Exports from Philippines (Flag) to Lithuania (Flag) (2022)

Exports from Lithuania (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Lithuania
Top DestinationLatvia$6.18B

This map shows whether countries import more from Philippines or Lithuania. Each country is colored based on the difference in imports they receive from Philippines and Lithuania or the difference in the growth in imports.

In 2022, countries that imported more from Philippines than Lithuania included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Lithuania than Philippines included Latvia ($6.18B), Poland ($3.91B), and Russia ($2.88B).

Difference in imports from Lithuania (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Lithuania

Flow
Scale

This chart compares trade between Philippines and Lithuania by product, considering products traded by both, Philippines and Lithuania.

During 2022, Philippines had a large net trade with Lithuania in the exports of Machines ($5.69M), Instruments ($971k), and Foodstuffs ($939k).

During 2017, Lithuania had a large net trade with Philippines in the exports of Textiles ($6.67M), Foodstuffs ($5.7M), and Chemical Products ($3.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Lithuania+$5.67MIntegrated Circuits
Top Product Potential Lithuania Philippines+$1.73MAnimal Food

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Lithuania exported services to Philippines worth $6.28M, with Travel ($5.94M) and Other business services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Lithuania (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Lithuania. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Lithuania (Flag) (2022)

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