Philippines (PHL) and Romania (ROU) Trade | OEC - The Observatory of Economic Complexity

About

Philippines-Romania In 2021, Philippines exported $57.6M to Romania. The main products that Philippines exported to Romania are Integrated Circuits ($34.9M), Printed Circuit Boards ($3.44M), and Electrical Parts ($3M). During the last 26 years the exports of Philippines to Romania have increased at an annualized rate of 20.7%, from $434k in 1995 to $57.6M in 2021.

In 2021, Philippines did not export any services to Romania.

Romania-Philippines In 2021, Romania exported $27.9M to Philippines. The main products that Romania exported to Philippines were Wheat ($12.1M), Sawn Wood ($5.61M), and Wood Carpentry ($1.88M). During the last 26 years the exports of Romania to Philippines have increased at an annualized rate of 4.19%, from $9.6M in 1995 to $27.9M in 2021.

In 2020, Romania exported services to Philippines worth $5.94M, with Computer and information services ($2.4M), Other business services ($2.17M), and Transportation ($685k) being the largest in terms of value.

Comparison In 2021, Philippines ranked 37 in the Economic Complexity Index (ECI 0.72), and 41 in total exports ($93.7B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.07), and 42 in total exports ($90.8B).

Latest Trends

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August, 2021

About

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Overview In August 2021, Philippines exported $3.34M and imported $1.29M from Romania, resulting in a positive trade balance of $2.05M. Between August 2020 and August 2021 the exports of Philippines have increased by $1M (42.9%) from $2.34M to $3.34M, while imports decreased by $-14.5M (-91.8%) from $15.8M to $1.29M.

Trade In August 2021, the top exports of Philippines to Romania were Integrated Circuits ($741k), Printed Circuit Boards ($405k), Narrow Woven Fabric ($367k), Commodities not elsewhere specified ($247k), and Other Measuring Instruments ($240k). In August 2021 the top imports of Philippines from Romania were Wheat ($13.4M), Industrial Printers ($54.5k), Packaged Medicaments ($53.6k), Electric Heaters ($30.4k), and Preserved Fruits and Nuts ($29.3k).

Growth In August 2021, the increase in Philippines's year-by-year exports to Romania was explained primarily by an increase in product exports in Commodities not elsewhere specified ($88.9k or 56.2%), Printed Circuit Boards ($62.8k or 18.4%), and Thermostats ($1.22k or 1.5k%). In August 2021, the decrease in Philippines's year-by-year imports from Romania was explained primarily by an decrease in product imports in Metal Pickling Preparations ($-24.2k or -58.3%), Electrical Capacitors ($-9k or -97.7%), and Aircraft Parts ($-6.17k or -47.4%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (August 2020 - August 2021): $1M, (42.9%)

IMPORT GROWTH (August 2020 - August 2021): $-14.5M, (-91.8%)

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 Romania and Philippines trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Philippines exported $57.6M to Romania. The main products exported from Philippines to Romania were Integrated Circuits ($34.9M), Printed Circuit Boards ($3.44M), and Electrical Parts ($3M). During the last 26 years the exports of Philippines to Romania have increased at an annualized rate of 20.7%, from $434k in 1995 to $57.6M in 2021.

In 2021, Romania exported $27.9M to Philippines. The main products exported from Romania to Philippines were Wheat ($12.1M), Sawn Wood ($5.61M), and Wood Carpentry ($1.88M). During the last 26 years the exports of Romania to Philippines have increased at an annualized rate of 4.19%, from $9.6M in 1995 to $27.9M in 2021.

Market Competitiveness

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Color

SectionYear

Philippines
Top Destination: China, $15.1B

Romania
Top Destination: Germany, $17.7B

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

In 2021, countries that imported more from Philippines than Romania were China ($15.1B), Hong Kong ($11.4B), and United States ($13.3B).

In 2021, countries that imported more from Romania than Philippines were Germany ($17.7B), Italy ($8.85B), and France ($5.5B).

Comparative Advantage Philippines - Romania

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Flow

Scale

Year

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

During 2021, Philippines had a large net trade with Romania in the exports of Machines ($46.3M), Instruments ($3.36M), and Foodstuffs ($2.59M).

During 2021, Romania had a large net trade with Philippines in the exports of Vegetable Products ($12.4M), Wood Products ($8.5M), and Machines ($3.61M).

Service Trade

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Bilateral Service Trade

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Rou Year

In 2020, Romania exported services to Philippines worth $5.94M, with Computer and information services ($2.4M), Other business services ($2.17M), and Transportation ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Philippines has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over Philippines.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Philippines - Romania

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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