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2022
Flag → Flag
Exports $2.93BRnk 12 / 205
2022
Flag → Flag
Top Product $597MCoconut Oil
2022
Flag → Flag
Exports $969MRnk 57 / 224
2022
Flag → Flag
Top Product $169MSpecial Purpose Ships
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 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$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Philippines-Netherlands Trade: In 2022, Philippines exported $2.93B to Netherlands. The main products that Philippines exported to Netherlands were Coconut Oil ($597M), Integrated Circuits ($592M), and Office Machine Parts ($410M). Over the past 5 years the exports of Philippines to Netherlands have increased at an annualized rate of 1.6%, from $2.71B in 2017 to $2.93B in 2022.

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

Netherlands-Philippines Trade: In 2022, Netherlands exported $969M to Philippines. The main products that Netherlands exported to Philippines were Special Purpose Ships ($169M), Pig Meat ($112M), and Edible Offal ($77.4M). Over the past 5 years the exports of Netherlands to Philippines have increased at an annualized rate of 5.75%,  from $693M in 2017 to $969M in 2022.

In 2020, Netherlands exported services to Philippines worth $605M, with Other business services ($255M), Royalties and license fees ($241M), and Computer and information services ($50.6M) 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, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $292M and imported $49.2M from Netherlands, resulting in a positive trade balance of $243M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-16.8M (-5.43%) from $309M to $292M, while imports decreased by $-4.25M (-7.94%) from $53.5M to $49.2M.

Trade In August 2024, the top exports of Philippines to Netherlands were Integrated Circuits ($86.1M), Coconut Oil ($49.3M), Electrical Transformers ($9.08M), Electric Heaters ($3.7M), and Commodities not elsewhere specified ($3.46M). In August 2024 the top imports of Philippines from Netherlands were Telephones ($4.08M), Special Pharmaceuticals ($3.95M), Edible Offal ($2.73M), Integrated Circuits ($2.05M), and Delivery Trucks ($1.92M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Netherlands was explained primarily by an decrease in product exports in Coconut Oil ($-31.3M or -38.8%), Industrial Printers ($-10.1M or -85.7%), and Recovered Paper Pulp ($-9.7M or -87.1%). In August 2024, the decrease in Philippines's year-by-year imports  from Netherlands was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures ($-18.9M or -94.5%), Sawn Wood ($-5.43M or -77.5%), and Other Plastic Products ($-3.09M or -94.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-16.8M(-5.43%)
IMPORT GROWTH (August 2023 - August 2024)$-4.25M(-7.94%)

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 Netherlands and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Netherlands and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $2.93B to Netherlands. The main products exported from Philippines to Netherlands were Coconut Oil ($597M), Integrated Circuits ($592M), and Office Machine Parts ($410M). During the last 5 years the exports of Philippines to Netherlands have increased at an annualized rate of 1.6%, from $2.71B in 2017 to $2.93B in 2022.

In 2017, Netherlands exported $969M to Philippines. The main products exported from Netherlands to Philippines were Special Purpose Ships ($169M), Pig Meat ($112M), and Edible Offal ($77.4M). During the last 5 years the exports of Netherlands to Philippines have increased at an annualized rate of 5.75%, from $693M in 2022 to $969M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from Philippines than Netherlands included Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Netherlands than Philippines included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Philippines - Netherlands

Flow
Scale

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

During 2022, Philippines had a large net trade with Netherlands in the exports of Machines ($1.71B), Animal and Vegetable Bi-Products ($606M), and Vegetable Products ($104M).

During 2017, Netherlands had a large net trade with Philippines in the exports of Animal Products ($251M), Transportation ($199M), and Machines ($141M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Netherlands+$205MIntegrated Circuits
Top Product Potential Netherlands Philippines+$26.2MPackaged Medicaments

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, Netherlands exported services to Philippines worth $605M, with Other business services ($255M), Royalties and license fees ($241M), and Computer and information services ($50.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (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 Netherlands. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Netherlands. Similarly, a dot/product with the flag of Netherlands indicates it has a comparative advantage over Philippines.

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

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