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Pricing

2023
Flag → Flag
Exports $799kRnk 137 / 201
2023
Flag → Flag
Top Product $408kVegetable Saps
2023
Flag → Flag
Exports $2.87MRnk 48 / 122
2023
Flag → Flag
Top Product $2.75MDried Legumes
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Philippines-Venezuela Trade: In 2023, Philippines exported $799k to Venezuela. The main products that Philippines exported to Venezuela were Vegetable Saps ($408k), Broadcasting Equipment ($157k), and Coconuts, Brazil Nuts, and Cashews ($114k). Over the past 5 years the exports of Philippines to Venezuela have increased at an annualized rate of 3.66%, from $668k in 2018 to $799k in 2023.

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

Venezuela-Philippines Trade: In 2023, Venezuela exported $2.87M to Philippines. The main products that Venezuela exported to Philippines were Dried Legumes ($2.75M), Carboxyamide Compounds ($66.7k), and Other Aluminium Products ($56.8k). Over the past 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 102%,  from $84.4k in 2018 to $2.87M in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $185k and imported $483k from Venezuela, resulting in a negative trade balance of $298k. Between July 2023 and July 2024 the exports of Philippines have increased by $184k (12.7k%) from $1.45k to $185k, while imports increased by $352k (269%) from $131k to $483k.

Trade In July 2024, the top exports of Philippines to Venezuela were . In July 2024 the top imports of Philippines from Venezuela were .

Growth In July 2024, the increase in Philippines's year-by-year exports to Venezuela was explained primarily by an increase in product exports in . In July 2024, the increase in Philippines's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$184k(12.7k%)
IMPORT GROWTH (July 2023 - July 2024)$352k(269%)

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 Venezuela and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Venezuela and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $799k to Venezuela. The main products exported from Philippines to Venezuela were Vegetable Saps ($408k), Broadcasting Equipment ($157k), and Coconuts, Brazil Nuts, and Cashews ($114k). During the last 5 years the exports of Philippines to Venezuela have increased at an annualized rate of 3.66%, from $668k in 2018 to $799k in 2023.

In 2018, Venezuela exported $2.87M to Philippines. The main products exported from Venezuela to Philippines were Dried Legumes ($2.75M), Carboxyamide Compounds ($66.7k), and Other Aluminium Products ($56.8k). During the last 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 102%, from $84.4k in 2023 to $2.87M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Philippines than Venezuela included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Venezuela than Philippines included Spain ($670M), Brazil ($468M), and Lebanon ($106M).

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

Comparative Advantage Philippines - Venezuela

Flow
Scale

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

During 2023, Philippines had a large net trade with Venezuela in the exports of Vegetable Products ($523k), Machines ($161k), and Animal Products ($93k).

During 2018, Venezuela had a large net trade with Philippines in the exports of Vegetable Products ($2.75M), Chemical Products ($66.7k), and Metals ($56.8k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Venezuela. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Philippines.

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

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