2022
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GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$3,499CURRENT US$
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2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
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2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

Philippines-Russia In 2022, Philippines exported $53.9M to Russia. The main products that Philippines exported to Russia are Coconuts, Brazil Nuts, and Cashews ($15M), Vegetable Saps ($9.2M), and Office Machine Parts ($3.22M). During the last 26 years the exports of Philippines to Russia have increased at an annualized rate of 3.89%, from $20M in 1996 to $53.9M in 2022.

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

Russia-Philippines In 2022, Russia exported $576M to Philippines. The main products that Russia exported to Philippines were Semi-Finished Iron ($349M), Refined Petroleum ($106M), and Coal Briquettes ($35.4M). During the last 26 years the exports of Russia to Philippines have increased at an annualized rate of 3.71%, from $224M in 1996 to $576M in 2022.

In 2020, Russia exported services to Philippines worth $15.6M, with Transportation ($4.03M), Travel ($3.83M), and Computer and information services ($3.37M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $53.9M to Russia. The main products exported from Philippines to Russia were Coconuts, Brazil Nuts, and Cashews ($15M), Vegetable Saps ($9.2M), and Office Machine Parts ($3.22M). During the last 26 years the exports of Philippines to Russia have increased at an annualized rate of 3.89%, from $20M in 1996 to $53.9M in 2022.

In 2022, Russia exported $576M to Philippines. The main products exported from Russia to Philippines were Semi-Finished Iron ($349M), Refined Petroleum ($106M), and Coal Briquettes ($35.4M). During the last 26 years the exports of Russia to Philippines have increased at an annualized rate of 3.71%, from $224M in 1996 to $576M in 2022.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Russia
Top Destination
China$101B

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

In 2021, countries that imported more from Philippines than Russia were Hong Kong ($12.6B), Singapore ($7.07B), and Thailand ($3.79B).

In 2021, countries that imported more from Russia than Philippines were China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Philippines - Russia

Flow
Scale

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

During 2022, Philippines had a large net trade with Russia in the exports of Vegetable Products ($24.7M), Machines ($9.45M), and Instruments ($6.23M).

During 2022, Russia had a large net trade with Philippines in the exports of Metals ($353M), Mineral Products ($142M), and Paper Goods ($24.7M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Philippines worth $15.6M, with Transportation ($4.03M), Travel ($3.83M), and Computer and information services ($3.37M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Philippines (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Philippines.

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

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