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Pricing

2023
Flag → Flag
Exports $6.92kRnk 193 / 201
2023
Flag → Flag
Top Product $6.12kBroadcasting Equipment
2023
Flag → Flag
Exports $7.61kRnk 62 / 92
2023
Flag → Flag
Top Product $6.15kGaskets
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 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$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Philippines-Somalia Trade: In 2023, Philippines exported $6.92k to Somalia. The main products that Philippines exported to Somalia were Broadcasting Equipment ($6.12k) and Telephones ($800). Over the past 5 years the exports of Philippines to Somalia have decreased at an annualized rate of 30.8%, from $43.5k in 2018 to $6.92k in 2023.

In 2023, Philippines did not export any services to Somalia.

Somalia-Philippines Trade: In 2023, Somalia exported $7.61k to Philippines. The main products that Somalia exported to Philippines were Gaskets ($6.15k) and Particle Board ($1.47k). Over the past 5 years the exports of Somalia to Philippines have decreased at an annualized rate of 11.7%,  from $14.2k in 2018 to $7.61k in 2023.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Philippines exported $N/A and imported $N/A from Somalia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Philippines have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Philippines to Somalia were . In N/A the top imports of Philippines from Somalia were .

Growth In N/A, the N/A in Philippines's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In N/A, the N/A in Philippines's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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 Somalia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $6.92k to Somalia. The main products exported from Philippines to Somalia were Broadcasting Equipment ($6.12k) and Telephones ($800). During the last 5 years the exports of Philippines to Somalia have decreased at an annualized rate of 30.8%, from $43.5k in 2018 to $6.92k in 2023.

In 2018, Somalia exported $7.61k to Philippines. The main products exported from Somalia to Philippines were Gaskets ($6.15k) and Particle Board ($1.47k). During the last 5 years the exports of Somalia to Philippines have decreased at an annualized rate of 11.7%, from $14.2k in 2023 to $7.61k in 2018.

Exports from Philippines (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Philippines than Somalia included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Somalia than Philippines included Oman ($180M), Saudi Arabia ($283M), and Djibouti ($84.2M).

Difference in imports from Somalia (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Somalia

Flow
Scale

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

During 2023, Philippines had a large net trade with Somalia in the exports of Machines ($6.92k).

During 2018, Somalia had a large net trade with Philippines in the exports of Machines ($6.15k) and Wood Products ($1.47k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Somalia+$3.51kComputers
Top Product Potential Somalia Philippines+$3.55kGold

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

Product Space of Philippines (Flag) and Somalia (Flag) (2023)

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