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Pricing

2022
Flag → Flag
Exports $73MRnk 44 / 205
2022
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Top Product $22.9MBananas
2022
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Exports $2.37BRnk 29 / 138
2022
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Top Product $1.63BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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Economic Complexity (ECI) ECI 0.78Rnk 34 / 124
2022
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GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Philippines-Saudi Arabia In 2022, Philippines exported $73M to Saudi Arabia. The main products that Philippines exported to Saudi Arabia are Bananas ($22.9M), Baked Goods ($6.08M), and Sauces and Seasonings ($5.96M). During the last 27 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 0.56%, from $84.8M in 1995 to $73M in 2022.

In 2022, Philippines did not export any services to Saudi Arabia.

Saudi Arabia-Philippines In 2022, Saudi Arabia exported $2.37B to Philippines. The main products that Saudi Arabia exported to Philippines were Crude Petroleum ($1.63B), Refined Petroleum ($470M), and Petroleum Gas ($145M). During the last 27 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 13.9%, from $70.1M in 1995 to $2.37B in 2022.

In 2022, Saudi Arabia did not export any services to Philippines.

Comparison In 2022,  Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B). That same year, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $5.02M and imported $223M from Saudi Arabia, resulting in a negative trade balance of $218M. Between August 2020 and August 2021 the exports of Philippines have decreased by $-1.28M (-20.3%) from $6.3M to $5.02M, while imports increased by $200M (851%) from $23.5M to $223M.

Trade In August 2021, the top exports of Philippines to Saudi Arabia were Bananas ($9.47M), Tropical Fruits ($769k), Baked Goods ($752k), Sauces and Seasonings ($475k), and Electric Heaters ($381k). In August 2021 the top imports of Philippines from Saudi Arabia were Petroleum Gas ($9.12M), Ethylene Polymers ($2.84M), Propylene Polymers ($1.75M), Glass Bottles ($1.27M), and Polyacetals ($981k).

Growth In August 2021, the decrease in Philippines's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Confectionery Sugar ($-139k or -43.6%), Commodities not elsewhere specified ($-71.3k or -28.3%), and Prepared Cereals ($-57.7k or -14.8%). In August 2021, the increase in Philippines's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Propylene Polymers ($526k or 43%), Petroleum Gas ($515k or 5.99%), and Glass Bottles ($435k or 52.2%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$-1.28M(-20.3%)
IMPORT GROWTH (August 2020 - August 2021)$200M(851%)

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 Saudi Arabia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $73M to Saudi Arabia. The main products exported from Philippines to Saudi Arabia were Bananas ($22.9M), Baked Goods ($6.08M), and Sauces and Seasonings ($5.96M). During the last 27 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 0.56%, from $84.8M in 1995 to $73M in 2022.

In 2022, Saudi Arabia exported $2.37B to Philippines. The main products exported from Saudi Arabia to Philippines were Crude Petroleum ($1.63B), Refined Petroleum ($470M), and Petroleum Gas ($145M). During the last 27 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 13.9%, from $70.1M in 1995 to $2.37B in 2022.

Exports from Philippines (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Saudi Arabia
Top DestinationChina$68B

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

In 2021, countries that imported more from Philippines than Saudi Arabia were Hong Kong ($12.6B), Switzerland ($4.1B), and Mexico ($2.69B).

In 2021, countries that imported more from Saudi Arabia than Philippines were China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Saudi Arabia

Flow
Scale

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

During 2022, Philippines had a large net trade with Saudi Arabia in the exports of Vegetable Products ($28.6M), Foodstuffs ($25.7M), and Machines ($4.12M).

During 2022, Saudi Arabia had a large net trade with Philippines in the exports of Mineral Products ($2.26B), Plastics and Rubbers ($71M), and Chemical Products ($40M).

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

Product Space of Philippines (Flag) and Saudi Arabia (Flag) (2022)

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