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Pricing

2022
Flag → Flag
Exports $9.55MRnk 83 / 205
2022
Flag → Flag
Top Product $1.99MOther Plastic Products
2022
Flag → Flag
Exports $73.1MRnk 50 / 166
2022
Flag → Flag
Top Product $70.6MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Philippines-Nigeria Trade: In 2022, Philippines exported $9.55M to Nigeria. The main products that Philippines exported to Nigeria were Other Plastic Products ($1.99M), Beauty Products ($1.19M), and Soap ($756k). Over the past 5 years the exports of Philippines to Nigeria have increased at an annualized rate of 13.8%, from $5M in 2017 to $9.55M in 2022.

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

Nigeria-Philippines Trade: In 2022, Nigeria exported $73.1M to Philippines. The main products that Nigeria exported to Philippines were Petroleum Gas ($70.6M), Bran ($2.37M), and Broadcasting Equipment ($86.9k). Over the past 5 years the exports of Nigeria to Philippines have increased at an annualized rate of 136%,  from $991k in 2017 to $73.1M in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $373k and imported $42.7M from Nigeria, resulting in a negative trade balance of $42.3M. Between August 2023 and August 2024 the exports of Philippines have increased by $164k (78.4%) from $209k to $373k, while imports increased by $42.3M (10.3k%) from $411k to $42.7M.

Trade In August 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 August 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 August 2024, the increase in Philippines's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Telephones ($12.9k or 4.71k%). In August 2024, the increase in Philippines's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$164k(78.4%)
IMPORT GROWTH (August 2023 - August 2024)$42.3M(10.3k%)

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 2022, Philippines exported $9.55M to Nigeria. The main products exported from Philippines to Nigeria were Other Plastic Products ($1.99M), Beauty Products ($1.19M), and Soap ($756k). During the last 5 years the exports of Philippines to Nigeria have increased at an annualized rate of 13.8%, from $5M in 2017 to $9.55M in 2022.

In 2017, Nigeria exported $73.1M to Philippines. The main products exported from Nigeria to Philippines were Petroleum Gas ($70.6M), Bran ($2.37M), and Broadcasting Equipment ($86.9k). During the last 5 years the exports of Nigeria to Philippines have increased at an annualized rate of 136%, from $991k in 2022 to $73.1M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Nigeria than Philippines included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

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 2022, Philippines had a large net trade with Nigeria in the exports of Plastics and Rubbers ($2.78M), Chemical Products ($2.16M), and Vegetable Products ($1.44M).

During 2017, Nigeria had a large net trade with Philippines in the exports of Mineral Products ($70.6M), Foodstuffs ($2.37M), and Machines ($103k).

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) (2022)

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