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2022
Flag → Flag
Exports $2.25BRnk 15 / 205
2022
Flag → Flag
Top Product $805MIntegrated Circuits
2022
Flag → Flag
Exports $5.16BRnk 17 / 152
2022
Flag → Flag
Top Product $1.38BRice
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Philippines-Vietnam Trade: In 2022, Philippines exported $2.25B to Vietnam. The main products that Philippines exported to Vietnam were Integrated Circuits ($805M), Broadcasting Accessories ($295M), and Refined Copper ($154M). Over the past 5 years the exports of Philippines to Vietnam have increased at an annualized rate of 16.5%, from $1.05B in 2017 to $2.25B in 2022.

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

Vietnam-Philippines Trade: In 2022, Vietnam exported $5.16B to Philippines. The main products that Vietnam exported to Philippines were Rice ($1.38B), Cement ($375M), and Broadcasting Equipment ($225M). Over the past 5 years the exports of Vietnam to Philippines have increased at an annualized rate of 11.1%,  from $3.05B in 2017 to $5.16B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $83.2M and imported $362M from Vietnam, resulting in a negative trade balance of $279M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-41.9M (-33.5%) from $125M to $83.2M, while imports decreased by $-10.6M (-2.85%) from $373M to $362M.

Trade In June 2024, the top exports of Philippines to Vietnam were Commodities not elsewhere specified ($70.2M), Integrated Circuits ($30.3M), Electrical Transformers ($11.3M), Refined Copper ($8.41M), and Telephones ($4.79M). In June 2024 the top imports of Philippines from Vietnam were Rice ($58.6M), Cement ($30.6M), Commodities not elsewhere specified ($21.3M), Telephones ($18M), and Non-fillet Frozen Fish ($13.6M).

Growth In June 2024, the decrease in Philippines's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Telephones ($-21.4M or -81.8%), Vinyl Chloride Polymers ($-3.19M or -78.3%), and Other Plastic Products ($-2.87M or -71.9%). In June 2024, the decrease in Philippines's year-by-year imports  from Vietnam was explained primarily by an decrease in product imports  in Rice ($-18.7M or -24.2%), Cement ($-15.9M or -34.1%), and Semi-Finished Iron ($-11.1M or -69.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-41.9M(-33.5%)
IMPORT GROWTH (June 2023 - June 2024)$-10.6M(-2.85%)

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 Vietnam and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $2.25B to Vietnam. The main products exported from Philippines to Vietnam were Integrated Circuits ($805M), Broadcasting Accessories ($295M), and Refined Copper ($154M). During the last 5 years the exports of Philippines to Vietnam have increased at an annualized rate of 16.5%, from $1.05B in 2017 to $2.25B in 2022.

In 2017, Vietnam exported $5.16B to Philippines. The main products exported from Vietnam to Philippines were Rice ($1.38B), Cement ($375M), and Broadcasting Equipment ($225M). During the last 5 years the exports of Vietnam to Philippines have increased at an annualized rate of 11.1%, from $3.05B in 2022 to $5.16B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Philippines than Vietnam included Switzerland ($4.1B), Singapore ($7.07B), and Curaçao ($38.3M).

In 2022, countries that imported more from Vietnam than Philippines included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Philippines - Vietnam

Flow
Scale

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

During 2022, Philippines had a large net trade with Vietnam in the exports of Machines ($1.74B), Metals ($195M), and Foodstuffs ($70.2M).

During 2017, Vietnam had a large net trade with Philippines in the exports of Vegetable Products ($1.57B), Machines ($1.05B), and Metals ($466M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Vietnam+$760MIntegrated Circuits
Top Product Potential Vietnam Philippines+$220MTelephones

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

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

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