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2022
Flag → Flag
Exports $68.6MRnk 45 / 205
2022
Flag → Flag
Top Product $36.4MOffice Machine Parts
2022
Flag → Flag
Exports $65.8MRnk 44 / 180
2022
Flag → Flag
Top Product $62.1MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Philippines-Peru Trade: In 2022, Philippines exported $68.6M to Peru. The main products that Philippines exported to Peru were Office Machine Parts ($36.4M), Ink ($5.53M), and Activated Carbon ($3.31M). Over the past 5 years the exports of Philippines to Peru have decreased at an annualized rate of 3.69%, from $82.7M in 2017 to $68.6M in 2022.

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

Peru-Philippines Trade: In 2022, Peru exported $65.8M to Philippines. The main products that Peru exported to Philippines were Copper Ore ($62.1M), Vegetable Saps ($588k), and Raw Tin ($506k). Over the past 5 years the exports of Peru to Philippines have decreased at an annualized rate of 24.4%,  from $353M in 2017 to $65.8M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $4.2M and imported $463k from Peru, resulting in a positive trade balance of $3.74M. Between August 2023 and August 2024 the exports of Philippines have increased by $1.09M (35.3%) from $3.1M to $4.2M, while imports increased by $324k (232%) from $139k to $463k.

Trade In August 2024, the top exports of Philippines to Peru were Industrial Printers ($3.01M), Broadcasting Accessories ($385k), Twine, cordage or rope; knotted netting,... ($306k), Molluscs ($163k), and Activated Carbon ($106k). In August 2024 the top imports of Philippines from Peru were Copper Ore ($47.8M), Raw Tin ($508k), Animal Meal and Pellets ($113k), Packaged Medicaments ($86.4k), and Zinc Oxide and Peroxide ($73.5k).

Growth In August 2024, the increase in Philippines's year-by-year exports to Peru was explained primarily by an increase in product exports in Industrial Printers ($995k or 49.3%), Video Displays ($50.8k or 496%), and Twine, cordage or rope; knotted netting,... ($21.1k or 7.41%). In August 2024, the increase in Philippines's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Packaged Medicaments ($56.7k or 191%), Vegetable Saps ($12.9k or 493%), and Knit T-shirts ($330 or 115%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$1.09M(35.3%)
IMPORT GROWTH (August 2023 - August 2024)$324k(232%)

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 Peru and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $68.6M to Peru. The main products exported from Philippines to Peru were Office Machine Parts ($36.4M), Ink ($5.53M), and Activated Carbon ($3.31M). During the last 5 years the exports of Philippines to Peru have decreased at an annualized rate of 3.69%, from $82.7M in 2017 to $68.6M in 2022.

In 2017, Peru exported $65.8M to Philippines. The main products exported from Peru to Philippines were Copper Ore ($62.1M), Vegetable Saps ($588k), and Raw Tin ($506k). During the last 5 years the exports of Peru to Philippines have decreased at an annualized rate of 24.4%, from $353M in 2022 to $65.8M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Peru
Top DestinationChina$17.6B

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

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

In 2022, countries that imported more from Peru than Philippines included China ($17.6B), Chile ($1.85B), and Canada ($2.69B).

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

Comparative Advantage Philippines - Peru

Flow
Scale

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

During 2022, Philippines had a large net trade with Peru in the exports of Machines ($43.9M), Chemical Products ($8.86M), and Textiles ($4.78M).

During 2017, Peru had a large net trade with Philippines in the exports of Mineral Products ($62.1M), Vegetable Products ($924k), and Foodstuffs ($614k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Peru+$9.44MComputers
Top Product Potential Peru Philippines+$19.7MCopper Ore

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

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

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