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Pricing

2022
Flag → Flag
Exports $7.07BRnk 5 / 205
2022
Flag → Flag
Top Product $5.22BIntegrated Circuits
2022
Flag → Flag
Exports $9.28BRnk 13 / 215
2022
Flag → Flag
Top Product $2.06BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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Economic Complexity (ECI) ECI 1.53Rnk 5 / 124
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Philippines-Singapore In 2022, Philippines exported $7.07B to Singapore. The main products that Philippines exported to Singapore are Integrated Circuits ($5.22B), Semiconductor Devices ($293M), and Office Machine Parts ($278M). During the last 27 years the exports of Philippines to Singapore have increased at an annualized rate of 7.18%, from $1.09B in 1995 to $7.07B in 2022.

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

Singapore-Philippines In 2022, Singapore exported $9.28B to Philippines. The main products that Singapore exported to Philippines were Refined Petroleum ($2.06B), Integrated Circuits ($1.43B), and Broadcasting Equipment ($545M). During the last 27 years the exports of Singapore to Philippines have increased at an annualized rate of 6.11%, from $1.87B in 1995 to $9.28B in 2022.

In 2022, Singapore 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, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B).

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $393M and imported $587M from Singapore, resulting in a negative trade balance of $194M. Between August 2020 and August 2021 the exports of Philippines have increased by $59.1M (17.7%) from $334M to $393M, while imports increased by $65.3M (12.5%) from $522M to $587M.

Trade In August 2021, the top exports of Philippines to Singapore were Integrated Circuits ($127M), Commodities not elsewhere specified ($118M), Refined Petroleum ($8.47M), Computers ($7.9M), and Oscilloscopes ($6.36M). In August 2021 the top imports of Philippines from Singapore were Commodities not elsewhere specified ($81.6M), Refined Petroleum ($59.8M), Integrated Circuits ($58.3M), Office Machine Parts ($41.1M), and Telephones ($28.5M).

Growth In August 2021, the increase in Philippines's year-by-year exports to Singapore was explained primarily by an increase in product exports in Commodities not elsewhere specified ($27M or 29.7%), Integrated Circuits ($18.4M or 17%), and Orthopedic Appliances ($2.62M or 254k%). In August 2021, the increase in Philippines's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Refined Petroleum ($38M or 174%), Commodities not elsewhere specified ($25.3M or 44.9%), and Integrated Circuits ($24.4M or 71.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$59.1M(17.7%)
IMPORT GROWTH (August 2020 - August 2021)$65.3M(12.5%)

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 Singapore 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 $7.07B to Singapore. The main products exported from Philippines to Singapore were Integrated Circuits ($5.22B), Semiconductor Devices ($293M), and Office Machine Parts ($278M). During the last 27 years the exports of Philippines to Singapore have increased at an annualized rate of 7.18%, from $1.09B in 1995 to $7.07B in 2022.

In 2022, Singapore exported $9.28B to Philippines. The main products exported from Singapore to Philippines were Refined Petroleum ($2.06B), Integrated Circuits ($1.43B), and Broadcasting Equipment ($545M). During the last 27 years the exports of Singapore to Philippines have increased at an annualized rate of 6.11%, from $1.87B in 1995 to $9.28B in 2022.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Singapore
Top DestinationHong Kong$51.6B

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

In 2021, countries that imported more from Philippines than Singapore were United Kingdom ($4.52B), Mexico ($2.69B), and Canada ($1.36B).

In 2021, countries that imported more from Singapore than Philippines were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Philippines - Singapore

Flow
Scale

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

During 2022, Philippines had a large net trade with Singapore in the exports of Machines ($6.25B), Mineral Products ($240M), and Instruments ($159M).

During 2022, Singapore had a large net trade with Philippines in the exports of Machines ($4.27B), Mineral Products ($2.07B), and Chemical Products ($655M).

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

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

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