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Pricing

2022
Flag → Flag
Exports $6.8MRnk 91 / 205
2022
Flag → Flag
Top Product $1.57MIntegrated Circuits
2022
Flag → Flag
Exports $1.26MRnk 69 / 155
2022
Flag → Flag
Top Product $617kRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Philippines-North Macedonia Trade: In 2022, Philippines exported $6.8M to North Macedonia. The main products that Philippines exported to North Macedonia were Integrated Circuits ($1.57M), Electrical Capacitors ($1.5M), and Semiconductor Devices ($1.05M). Over the past 5 years the exports of Philippines to North Macedonia have increased at an annualized rate of 24.3%, from $2.29M in 2017 to $6.8M in 2022.

In 2022, Philippines did not export any services to North Macedonia.

North Macedonia-Philippines Trade: In 2022, North Macedonia exported $1.26M to Philippines. The main products that North Macedonia exported to Philippines were Raw Tobacco ($617k), Paper Labels ($231k), and Other Printed Material ($146k). Over the past 5 years the exports of North Macedonia to Philippines have increased at an annualized rate of 22.5%,  from $458k in 2017 to $1.26M in 2022.

In 2022, North Macedonia did not export any services to Philippines.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $960k and imported $682k from North Macedonia, resulting in a positive trade balance of $278k. Between July 2023 and July 2024 the exports of Philippines have decreased by $-217k (-18.5%) from $1.18M to $960k, while imports increased by $658k (2.73k%) from $24.1k to $682k.

Trade In July 2024, the top exports of Philippines to North Macedonia were Integrated Circuits ($854k) and Semiconductor Devices ($8.65k). In July 2024 the top imports of Philippines from North Macedonia were Prepared Cereals ($13.3k), Buckwheat ($1.25k), Non-Knit Men's Suits ($225), Knit Women's Suits ($149), and Other Plastic Products ($39).

Growth In July 2024, the decrease in Philippines's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in . In July 2024, the increase in Philippines's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-217k(-18.5%)
IMPORT GROWTH (July 2023 - July 2024)$658k(2.73k%)

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 North Macedonia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $6.8M to North Macedonia. The main products exported from Philippines to North Macedonia were Integrated Circuits ($1.57M), Electrical Capacitors ($1.5M), and Semiconductor Devices ($1.05M). During the last 5 years the exports of Philippines to North Macedonia have increased at an annualized rate of 24.3%, from $2.29M in 2017 to $6.8M in 2022.

In 2017, North Macedonia exported $1.26M to Philippines. The main products exported from North Macedonia to Philippines were Raw Tobacco ($617k), Paper Labels ($231k), and Other Printed Material ($146k). During the last 5 years the exports of North Macedonia to Philippines have increased at an annualized rate of 22.5%, from $458k in 2022 to $1.26M in 2017.

Exports from Philippines (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
North Macedonia
Top DestinationGermany$3.96B

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

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

In 2022, countries that imported more from North Macedonia than Philippines included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

Difference in imports from North Macedonia (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - North Macedonia

Flow
Scale

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

During 2022, Philippines had a large net trade with North Macedonia in the exports of Machines ($5.46M), Foodstuffs ($545k), and Vegetable Products ($232k).

During 2017, North Macedonia had a large net trade with Philippines in the exports of Foodstuffs ($653k), Paper Goods ($378k), and Instruments ($81.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines North Macedonia+$3.13MIntegrated Circuits
Top Product Potential North Macedonia Philippines+$300kRaw Tobacco

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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Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and North Macedonia (Flag) (2022)

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