2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Philippines-Palau Trade: In 2022, Philippines exported $3.15M to Palau. The main products that Philippines exported to Palau were Cement ($812k), Baked Goods ($468k), and Packaged Medicaments ($409k). Over the past 5 years the exports of Philippines to Palau have decreased at an annualized rate of 13.5%, from $6.51M in 2017 to $3.15M in 2022.

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

Palau-Philippines In N/A, Palau did not export any products to Philippines.

In 2022, Palau 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, Palau ranked 219 in total exports ($7.75M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $3.15M to Palau. The main products exported from Philippines to Palau were Cement ($812k), Baked Goods ($468k), and Packaged Medicaments ($409k). During the last 5 years the exports of Philippines to Palau have decreased at an annualized rate of 13.5%, from $6.51M in 2017 to $3.15M in 2022.

Palau does not register exports to Philippines. The main products exported from Palau to Philippines were Other Mineral ($532), Pastes and Waxes ($256), and Eyewear Frames ($249).

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Palau
Top Destination
Greece$2.11M

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

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

In 2022, no countries were registered that imported more from Palau than from Philippines.

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

Comparative Advantage Philippines - Palau

Flow
Scale

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

During 2022, Philippines had a large net trade with Palau in the exports of Foodstuffs ($1.01M), Mineral Products ($812k), and Chemical Products ($604k).

Economic Complexity

Competitive Landscape

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

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

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