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2023
Flag → Flag
Exports $197MRnk 30 / 201
2023
Flag → Flag
Top Product $42.6MOffice Machine Parts
2023
Flag → Flag
Exports $2.43BRnk 25 / 182
2023
Flag → Flag
Top Product $2.09BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Philippines-Saudi Arabia Trade: In 2023, Philippines exported $197M to Saudi Arabia. The main products that Philippines exported to Saudi Arabia were Office Machine Parts ($42.6M), Bananas ($40.1M), and Electrical Transformers ($10M). Over the past 5 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 5.14%, from $256M in 2018 to $197M in 2023.

In 2023, Philippines did not export any services to Saudi Arabia.

Saudi Arabia-Philippines Trade: In 2023, Saudi Arabia exported $2.43B to Philippines. The main products that Saudi Arabia exported to Philippines were Crude Petroleum ($2.09B), Petroleum Gas ($168M), and Semi-Finished Iron ($51.5M). Over the past 5 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 4.79%,  from $1.92B in 2018 to $2.43B in 2023.

In 2023, Saudi Arabia did not export any services to Philippines.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $13.9M and imported $149M from Saudi Arabia, resulting in a negative trade balance of $136M. Between July 2023 and July 2024 the exports of Philippines have increased by $8.1M (139%) from $5.81M to $13.9M, while imports decreased by $-33.2M (-18.2%) from $183M to $149M.

Trade In July 2024, the top exports of Philippines to Saudi Arabia were Bananas ($2.18M), Baked Goods ($505k), Pasta ($309k), Sauces and Seasonings ($299k), and Fairground Amusements ($286k). In July 2024 the top imports of Philippines from Saudi Arabia were Crude Petroleum ($266M), Ethylene Polymers ($4.04M), Polyacetals ($1.24M), Propylene Polymers ($1.23M), and Glass Bottles ($451k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Bananas ($283k or 14.9%), Aircraft parts (gliders, balloons, and powered... ($260k or 1.13k%), and Commodities not elsewhere specified ($188k or 245%). In July 2024, the decrease in Philippines's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($-2.38M or -96.6%), Ethers ($-259k or -91.5%), and Oxygen Amino Compounds ($-6k or -6.45%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$8.1M(139%)
IMPORT GROWTH (July 2023 - July 2024)$-33.2M(-18.2%)

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.

Explore Saudi Arabia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $197M to Saudi Arabia. The main products exported from Philippines to Saudi Arabia were Office Machine Parts ($42.6M), Bananas ($40.1M), and Electrical Transformers ($10M). During the last 5 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 5.14%, from $256M in 2018 to $197M in 2023.

In 2018, Saudi Arabia exported $2.43B to Philippines. The main products exported from Saudi Arabia to Philippines were Crude Petroleum ($2.09B), Petroleum Gas ($168M), and Semi-Finished Iron ($51.5M). During the last 5 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 4.79%, from $1.92B in 2023 to $2.43B in 2018.

Exports from Philippines (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Philippines than Saudi Arabia included Hong Kong ($11.7B), Mexico ($3.02B), and Germany ($4.91B).

In 2023, countries that imported more from Saudi Arabia than Philippines included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Philippines (Flag) (2023)

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 2023, Philippines had a large net trade with Saudi Arabia in the exports of Machines ($80.9M), Vegetable Products ($51.2M), and Foodstuffs ($22.8M).

During 2018, Saudi Arabia had a large net trade with Philippines in the exports of Mineral Products ($2.27B), Plastics and Rubbers ($63.2M), and Metals ($54.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Saudi Arabia+$9.79kGold
Top Product Potential Saudi Arabia Philippines+$12.1kRefined Petroleum

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

Product Space of Philippines (Flag) and Saudi Arabia (Flag) (2023)

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