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2022
Flag → Flag
Exports $119MRnk 37 / 205
2022
Flag → Flag
Top Product $15.6MBananas
2022
Flag → Flag
Exports $590MRnk 19 / 210
2022
Flag → Flag
Top Product $144MButter
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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Economic Complexity (ECI) ECI 0.46Rnk 45 / 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$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$48,249CURRENT US$
Rnk 22 / 186
2012-2022
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GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Philippines-New Zealand Trade: In 2022, Philippines exported $119M to New Zealand. The main products that Philippines exported to New Zealand were Bananas ($15.6M), Office Machine Parts ($9.48M), and Tropical Fruits ($6.94M). Over the past 5 years the exports of Philippines to New Zealand have increased at an annualized rate of 4.51%, from $95.1M in 2017 to $119M in 2022.

In 2022, Philippines did not export any services to New Zealand.

New Zealand-Philippines Trade: In 2022, New Zealand exported $590M to Philippines. The main products that New Zealand exported to Philippines were Butter ($144M), Concentrated Milk ($114M), and Cheese ($87.8M). Over the past 5 years the exports of New Zealand to Philippines have increased at an annualized rate of 2.34%,  from $525M in 2017 to $590M in 2022.

In 2018, New Zealand exported services to Philippines worth $771M, with Travel ($664M), Other business services ($69.1M), and Government services, n.i.e. ($22.1M) 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $6.26M and imported $59.8M from New Zealand, resulting in a negative trade balance of $53.6M. Between July 2023 and July 2024 the exports of Philippines have increased by $1.75M (38.7%) from $4.51M to $6.26M, while imports increased by $17M (39.7%) from $42.8M to $59.8M.

Trade In July 2024, the top exports of Philippines to New Zealand were Bananas ($1.65M), Integrated Circuits ($666k), Tropical Fruits ($409k), Industrial Printers ($337k), and Vegetable Saps ($286k). In July 2024 the top imports of Philippines from New Zealand were Concentrated Milk ($14.7M), Butter ($8.45M), Cheese ($7.87M), Fermented Milk Products ($3.45M), and Other Edible Preparations ($2.36M).

Growth In July 2024, the increase in Philippines's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Bananas ($1.16M or 233%), Integrated Circuits ($621k or 1.37k%), and Tropical Fruits ($157k or 62.3%). In July 2024, the increase in Philippines's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Cheese ($1.34M or 20.5%), Butter ($1.21M or 16.7%), and Concentrated Milk ($768k or 5.53%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.75M(38.7%)
IMPORT GROWTH (July 2023 - July 2024)$17M(39.7%)

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 New Zealand and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $119M to New Zealand. The main products exported from Philippines to New Zealand were Bananas ($15.6M), Office Machine Parts ($9.48M), and Tropical Fruits ($6.94M). During the last 5 years the exports of Philippines to New Zealand have increased at an annualized rate of 4.51%, from $95.1M in 2017 to $119M in 2022.

In 2017, New Zealand exported $590M to Philippines. The main products exported from New Zealand to Philippines were Butter ($144M), Concentrated Milk ($114M), and Cheese ($87.8M). During the last 5 years the exports of New Zealand to Philippines have increased at an annualized rate of 2.34%, from $525M in 2022 to $590M in 2017.

Exports from Philippines (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from Philippines than New Zealand included Hong Kong ($12.6B), United States ($15.5B), and Japan ($11.3B).

In 2022, countries that imported more from New Zealand than Philippines included Australia ($5.35B), Saudi Arabia ($599M), and Algeria ($517M).

Difference in imports from New Zealand (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - New Zealand

Flow
Scale

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

During 2022, Philippines had a large net trade with New Zealand in the exports of Machines ($41.1M), Vegetable Products ($28.7M), and Foodstuffs ($15.5M).

During 2017, New Zealand had a large net trade with Philippines in the exports of Animal Products ($464M), Wood Products ($35.4M), and Foodstuffs ($25.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines New Zealand+$8.03MIntegrated Circuits
Top Product Potential New Zealand Philippines+$9.42MFrozen Bovine Meat

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 2018, New Zealand exported services to Philippines worth $771M, with Travel ($664M), Other business services ($69.1M), and Government services, n.i.e. ($22.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Philippines (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and New Zealand (Flag) (2022)

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