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Pricing

2022
Flag → Flag
Exports $632kRnk 145 / 205
2022
Flag → Flag
Top Product $303kCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $752kRnk 62 / 126
2022
Flag → Flag
Top Product $718kDried Legumes
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Philippines-Venezuela Trade: In 2022, Philippines exported $632k to Venezuela. The main products that Philippines exported to Venezuela were Coconuts, Brazil Nuts, and Cashews ($303k), Vegetable Saps ($213k), and Concentrated Milk ($68.5k). Over the past 5 years the exports of Philippines to Venezuela have decreased at an annualized rate of 4.81%, from $808k in 2017 to $632k in 2022.

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

Venezuela-Philippines Trade: In 2022, Venezuela exported $752k to Philippines. The main products that Venezuela exported to Philippines were Dried Legumes ($718k), Acyclic Alcohols ($11.4k), and Electrical Control Boards ($7.7k). Over the past 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 49.5%,  from $101k in 2017 to $752k in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $238k and imported $354k from Venezuela, resulting in a negative trade balance of $117k. Between August 2023 and August 2024 the exports of Philippines have increased by $234k (6.13k%) from $3.81k to $238k, while imports decreased by $-342k (-49.1%) from $697k to $354k.

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

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

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$234k(6.13k%)
IMPORT GROWTH (August 2023 - August 2024)$-342k(-49.1%)

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 2022, Philippines exported $632k to Venezuela. The main products exported from Philippines to Venezuela were Coconuts, Brazil Nuts, and Cashews ($303k), Vegetable Saps ($213k), and Concentrated Milk ($68.5k). During the last 5 years the exports of Philippines to Venezuela have decreased at an annualized rate of 4.81%, from $808k in 2017 to $632k in 2022.

In 2017, Venezuela exported $752k to Philippines. The main products exported from Venezuela to Philippines were Dried Legumes ($718k), Acyclic Alcohols ($11.4k), and Electrical Control Boards ($7.7k). During the last 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 49.5%, from $101k in 2022 to $752k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Venezuela
Top DestinationChina$703M

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 2022, countries that imported more from Philippines than Venezuela included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Venezuela than Philippines included Turkey ($597M), Lebanon ($150M), and Spain ($518M).

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

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 2022, Philippines had a large net trade with Venezuela in the exports of Vegetable Products ($517k), Animal Products ($68.5k), and Instruments ($29.7k).

During 2017, Venezuela had a large net trade with Philippines in the exports of Vegetable Products ($718k), Machines ($18.1k), and Chemical Products ($11.4k).

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) (2022)

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