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Pricing

2022
Flag → Flag
Exports $67.2MRnk 49 / 205
2022
Flag → Flag
Top Product $22.4MIntegrated Circuits
2022
Flag → Flag
Exports $24.3MRnk 92 / 208
2022
Flag → Flag
Top Product $5.09MOther Electrical Machinery
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Philippines-Portugal Trade: In 2022, Philippines exported $67.2M to Portugal. The main products that Philippines exported to Portugal were Integrated Circuits ($22.4M), Broadcasting Accessories ($8.25M), and Electrical Control Boards ($6.74M). Over the past 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 33.2%, from $505M in 2017 to $67.2M in 2022.

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

Portugal-Philippines Trade: In 2022, Portugal exported $24.3M to Philippines. The main products that Portugal exported to Philippines were Other Electrical Machinery ($5.09M), Spark-Ignition Engines ($3M), and Delivery Trucks ($1.41M). Over the past 5 years the exports of Portugal to Philippines have increased at an annualized rate of 4.08%,  from $17.7M in 2017 to $24.3M in 2022.

In 2003, Portugal exported services to Philippines worth $19.3M, with Services not allocated ($19.3M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $3.36M and imported $1.63M from Portugal, resulting in a positive trade balance of $1.73M. Between July 2023 and July 2024 the exports of Philippines have increased by $369k (12.4%) from $2.99M to $3.36M, while imports increased by $630k (62.9%) from $1M to $1.63M.

Trade In July 2024, the top exports of Philippines to Portugal were Integrated Circuits ($1.84M), Commodities not elsewhere specified ($1.33M), Rubber Tires ($411k), Non-Retail Synthetic Staple Fibers Yarn ($380k), and Printed Circuit Boards ($334k). In July 2024 the top imports of Philippines from Portugal were Agglomerated Cork ($53.4k), Electrical Transformers ($51.6k), Knit T-shirts ($43.3k), Other Heating Machinery ($42.6k), and Valves ($32.2k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Portugal was explained primarily by an increase in product exports in Integrated Circuits ($1.73M or 1.55k%), Rubber Tires ($254k or 162%), and Commodities not elsewhere specified ($110k or 9.03%). In July 2024, the increase in Philippines's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Electrical Transformers ($37.3k or 261%), Low-voltage Protection Equipment ($27.8k or 1.14k%), and Non-Knit Women's Suits ($22k or 250%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$369k(12.4%)
IMPORT GROWTH (July 2023 - July 2024)$630k(62.9%)

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 Portugal and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $67.2M to Portugal. The main products exported from Philippines to Portugal were Integrated Circuits ($22.4M), Broadcasting Accessories ($8.25M), and Electrical Control Boards ($6.74M). During the last 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 33.2%, from $505M in 2017 to $67.2M in 2022.

In 2017, Portugal exported $24.3M to Philippines. The main products exported from Portugal to Philippines were Other Electrical Machinery ($5.09M), Spark-Ignition Engines ($3M), and Delivery Trucks ($1.41M). During the last 5 years the exports of Portugal to Philippines have increased at an annualized rate of 4.08%, from $17.7M in 2022 to $24.3M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Philippines than Portugal included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Portugal than Philippines included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Philippines - Portugal

Flow
Scale

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

During 2022, Philippines had a large net trade with Portugal in the exports of Machines ($51M), Foodstuffs ($4.39M), and Plastics and Rubbers ($4M).

During 2017, Portugal had a large net trade with Philippines in the exports of Machines ($10.2M), Foodstuffs ($3.83M), and Transportation ($1.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Portugal+$32.2MIntegrated Circuits
Top Product Potential Portugal Philippines+$2.85MDelivery Trucks

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

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

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