Russia (RUS) and Philippines (PHL) Trade | OEC - The Observatory of Economic Complexity

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Russia-Philippines In 2021, Russia exported $560M to Philippines. The main products that Russia exported to Philippines are Semi-Finished Iron ($311M), Vaccines, blood, antisera, toxins and cultures ($99.3M), and Sawn Wood ($27.5M). During the last 25 years the exports of Russia to Philippines have increased at an annualized rate of 3.77%, from $222M in 1996 to $560M in 2021.

In 2020, Russia exported services to Philippines worth $15.6M, with Transportation ($4.03M), Travel ($3.83M), and Computer and information services ($3.37M) being the largest in terms of value.

Philippines-Russia In 2021, Philippines exported $444M to Russia. The main products that Philippines exported to Russia were Office Machine Parts ($123M), Integrated Circuits ($51M), and Electrical Transformers ($33.2M). During the last 25 years the exports of Philippines to Russia have increased at an annualized rate of 13.2%, from $20M in 1996 to $444M in 2021.

In 2021, Philippines did not export any services to Russia.

Comparison In 2021, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.72), and 41 in total exports ($93.7B).

Latest Trends

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January, 2022

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Overview In January 2022, Russia exported $75.8M and imported $40.4M from Philippines, resulting in a positive trade balance of $35.4M. Between January 2021 and January 2022 the exports of Russia have increased by $32M (73.3%) from $43.7M to $75.8M, while imports increased by $15.4M (62%) from $24.9M to $40.4M.

Trade In January 2022, the top exports of Russia to Philippines were Semi-Finished Iron ($36.6M), Coal Briquettes ($2.44M), Refined Petroleum ($1.58M), Kraft Paper ($947k), and Other Uncoated Paper ($695k). In January 2022 the top imports of Russia from Philippines were Computers ($2.74M), Integrated Circuits ($2.65M), Insulated Wire ($2.45M), Electric Heaters ($2.16M), and Electrical Transformers ($1.99M).

Origins In January 2022 the exports of Russia were mainly from KHABAROVSK TERRITORY ($47.1M), KEMEROVO REGION ($23.9M), NOVGOROD REGION ($1.35M), ARKHANGELSK REGION ($927k), and PERM TERRITORY ($625k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($23.2M), MOSCOW REGION ($6.21M), ST. PETERSBURG ($6.19M), SVERDLOVSK REGION ($841k), and VLADIMIR REGION ($478k).

Growth In January 2022, the increase in Russia's year-by-year exports to Philippines was explained primarily by an increase in product exports in Semi-Finished Iron ($15.6M or 74.3%), Coal Briquettes ($1.34M or 122%), and Refined Petroleum ($1.14M or 263%). In January 2022, the increase in Russia's year-by-year imports from Philippines was explained primarily by an increase in product imports in Insulated Wire ($1.6M or 191%), Vacuum Cleaners ($1.54M or 453%), and Electric Heaters ($940k or 77.1%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2021 - January 2022): $32M, (73.3%)

IMPORT GROWTH (January 2021 - January 2022): $15.4M, (62%)

MAIN EXPORTER (January 2022): KHABAROVSK TERRITORY, $47.1M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Philippines and Russia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Russia exported $560M to Philippines. The main products exported from Russia to Philippines were Semi-Finished Iron ($311M), Vaccines, blood, antisera, toxins and cultures ($99.3M), and Sawn Wood ($27.5M). During the last 25 years the exports of Russia to Philippines have increased at an annualized rate of 3.77%, from $222M in 1996 to $560M in 2021.

In 2021, Philippines exported $444M to Russia. The main products exported from Philippines to Russia were Office Machine Parts ($123M), Integrated Circuits ($51M), and Electrical Transformers ($33.2M). During the last 25 years the exports of Philippines to Russia have increased at an annualized rate of 13.2%, from $20M in 1996 to $444M in 2021.

Market Competitiveness

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Color

SectionYear

Russia
Top Destination: China, $70.9B

Philippines
Top Destination: China, $15.1B

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

In 2021, countries that imported more from Russia than Philippines were China ($70.9B), Netherlands ($39B), and United Kingdom ($24.7B).

In 2021, countries that imported more from Philippines than Russia were Hong Kong ($11.4B), Singapore ($6.19B), and Thailand ($3.68B).

Comparative Advantage Russia - Philippines

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Flow

Scale

Year

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

During 2021, Russia had a large net trade with Philippines in the exports of Metals ($315M), Chemical Products ($106M), and Mineral Products ($35.5M).

During 2021, Philippines had a large net trade with Russia in the exports of Machines ($338M), Vegetable Products ($31.7M), and Foodstuffs ($18.5M).

Service Trade

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Bilateral Service Trade

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Rus Year

In 2020, Russia exported services to Philippines worth $15.6M, with Transportation ($4.03M), Travel ($3.83M), and Computer and information services ($3.37M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Philippines

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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