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2023
Flag → Flag
Exports $64.7MRnk 45 / 201
2023
Flag → Flag
Top Product $40.7MOffice Machine Parts
2023
Flag → Flag
Exports $91.3MRnk 42 / 177
2023
Flag → Flag
Top Product $81.1MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 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$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Philippines-Peru Trade: In 2023, Philippines exported $64.7M to Peru. The main products that Philippines exported to Peru were Office Machine Parts ($40.7M), Activated Carbon ($2.59M), and Electrical Transformers ($2.31M). Over the past 5 years the exports of Philippines to Peru have decreased at an annualized rate of 6.86%, from $92.3M in 2018 to $64.7M in 2023.

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

Peru-Philippines Trade: In 2023, Peru exported $91.3M to Philippines. The main products that Peru exported to Philippines were Copper Ore ($81.1M), Coal Briquettes ($3.01M), and Precious Metal Ore ($2.46M). Over the past 5 years the exports of Peru to Philippines have decreased at an annualized rate of 5.69%,  from $207M in 2018 to $91.3M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $2.29M and imported $241k from Peru, resulting in a positive trade balance of $2.05M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-516k (-18.4%) from $2.81M to $2.29M, while imports decreased by $-1.41M (-85.4%) from $1.65M to $241k.

Trade In July 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 July 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 July 2024, the decrease in Philippines's year-by-year exports to Peru was explained primarily by an decrease in product exports in Milling Stones ($-274k or -88.8%) and Activated Carbon ($-100k or -48.5%). In July 2024, the decrease in Philippines's year-by-year imports  from Peru was explained primarily by an decrease in product imports  in Animal Meal and Pellets ($-107k or -48.4%) and Molluscs ($-32.8k or -45.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-516k(-18.4%)
IMPORT GROWTH (July 2023 - July 2024)$-1.41M(-85.4%)

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 2023, Philippines exported $64.7M to Peru. The main products exported from Philippines to Peru were Office Machine Parts ($40.7M), Activated Carbon ($2.59M), and Electrical Transformers ($2.31M). During the last 5 years the exports of Philippines to Peru have decreased at an annualized rate of 6.86%, from $92.3M in 2018 to $64.7M in 2023.

In 2018, Peru exported $91.3M to Philippines. The main products exported from Peru to Philippines were Copper Ore ($81.1M), Coal Briquettes ($3.01M), and Precious Metal Ore ($2.46M). During the last 5 years the exports of Peru to Philippines have decreased at an annualized rate of 5.69%, from $207M in 2023 to $91.3M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Peru
Top DestinationChina$22.5B

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 2023, countries that imported more from Philippines than Peru included Hong Kong ($11.7B), Japan ($11.4B), and Singapore ($4.81B).

In 2023, countries that imported more from Peru than Philippines included China ($22.5B), Chile ($1.92B), and Canada ($3.24B).

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

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 2023, Philippines had a large net trade with Peru in the exports of Machines ($47.3M), Chemical Products ($4.45M), and Instruments ($3.84M).

During 2018, Peru had a large net trade with Philippines in the exports of Mineral Products ($86.6M), Metals ($1.59M), and Chemical Products ($1.09M).

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) (2023)

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