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Pricing

2023
Flag → Flag
Exports $9.94MRnk 83 / 201
2023
Flag → Flag
Top Product $2.24MPropylene Polymers
2023
Flag → Flag
Exports $92MRnk 50 / 159
2023
Flag → Flag
Top Product $88.3MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Philippines-Nigeria Trade: In 2023, Philippines exported $9.94M to Nigeria. The main products that Philippines exported to Nigeria were Propylene Polymers ($2.24M), Soap ($1.49M), and Electrical Transformers ($797k). Over the past 5 years the exports of Philippines to Nigeria have increased at an annualized rate of 8.61%, from $6.57M in 2018 to $9.94M in 2023.

In 2023, Philippines did not export any services to Nigeria.

Nigeria-Philippines Trade: In 2023, Nigeria exported $92M to Philippines. The main products that Nigeria exported to Philippines were Petroleum Gas ($88.3M), Bran ($3.62M), and Broadcasting Equipment ($30.6k). Over the past 5 years the exports of Nigeria to Philippines have increased at an annualized rate of 24.7%,  from $30.5M in 2018 to $92M in 2023.

In 2023, Nigeria did not export any services to Philippines.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $263k and imported $119k from Nigeria, resulting in a positive trade balance of $144k. Between July 2023 and July 2024 the exports of Philippines have decreased by $-652k (-71.3%) from $915k to $263k, while imports decreased by $-381k (-76.1%) from $500k to $119k.

Trade In July 2024, the top exports of Philippines to Nigeria were Electric Musical Instruments ($68.6k), Commodities not elsewhere specified ($55k), Soap ($39.2k), Used Clothing ($21.9k), and Beauty Products ($20.8k). In July 2024 the top imports of Philippines from Nigeria were Commodities not elsewhere specified ($843), Telephones ($557), Fake Hair ($374), and Trunks and Cases ($90).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Beauty Products ($-12.6k or -37.7%). In July 2024, the decrease in Philippines's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Telephones ($-647 or -53.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-652k(-71.3%)
IMPORT GROWTH (July 2023 - July 2024)$-381k(-76.1%)

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 Nigeria and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $9.94M to Nigeria. The main products exported from Philippines to Nigeria were Propylene Polymers ($2.24M), Soap ($1.49M), and Electrical Transformers ($797k). During the last 5 years the exports of Philippines to Nigeria have increased at an annualized rate of 8.61%, from $6.57M in 2018 to $9.94M in 2023.

In 2018, Nigeria exported $92M to Philippines. The main products exported from Nigeria to Philippines were Petroleum Gas ($88.3M), Bran ($3.62M), and Broadcasting Equipment ($30.6k). During the last 5 years the exports of Nigeria to Philippines have increased at an annualized rate of 24.7%, from $30.5M in 2023 to $92M in 2018.

Exports from Philippines (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Philippines than Nigeria included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Nigeria than Philippines included Spain ($5.76B), France ($4.76B), and Cote d'Ivoire ($2.4B).

Difference in imports from Nigeria (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Nigeria

Flow
Scale

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

During 2023, Philippines had a large net trade with Nigeria in the exports of Plastics and Rubbers ($2.83M), Machines ($2.31M), and Chemical Products ($2.19M).

During 2018, Nigeria had a large net trade with Philippines in the exports of Mineral Products ($88.3M), Foodstuffs ($3.62M), and Machines ($40.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Nigeria+$3.31MElectrical Transformers
Top Product Potential Nigeria Philippines+$154kBran

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 Nigeria. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Nigeria (Flag) (2023)

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