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2023
Flag → Flag
Exports $167MRnk 73 / 137
2023
Flag → Flag
Top Product $104MSemi-Finished Iron
2023
Flag → Flag
Exports $48.7MRnk 52 / 201
2023
Flag → Flag
Top Product $12.6MCoconuts, Brazil Nuts, and Cashews
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
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GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Russia-Philippines Trade: In 2023, Russia exported $167M to Philippines. The main products that Russia exported to Philippines were Semi-Finished Iron ($104M), Coal Briquettes ($18.2M), and Refined Petroleum ($14.9M). Over the past 5 years the exports of Russia to Philippines have decreased at an annualized rate of 30.6%, from $1.04B in 2018 to $167M in 2023.

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 Trade: In 2023, Philippines exported $48.7M to Russia. The main products that Philippines exported to Russia were Coconuts, Brazil Nuts, and Cashews ($12.6M), Vegetable Saps ($11.5M), and Rubber Tires ($4.32M). Over the past 5 years the exports of Philippines to Russia have decreased at an annualized rate of 34.6%,  from $407M in 2018 to $48.7M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

January, 2022

About

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

Time Scale
Flow
Value
Depth
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.

For full datasets download visit Bulk Download page.

Explore Philippines and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $167M to Philippines. The main products exported from Russia to Philippines were Semi-Finished Iron ($104M), Coal Briquettes ($18.2M), and Refined Petroleum ($14.9M). During the last 5 years the exports of Russia to Philippines have decreased at an annualized rate of 30.6%, from $1.04B in 2018 to $167M in 2023.

In 2018, Philippines exported $48.7M to Russia. The main products exported from Philippines to Russia were Coconuts, Brazil Nuts, and Cashews ($12.6M), Vegetable Saps ($11.5M), and Rubber Tires ($4.32M). During the last 5 years the exports of Philippines to Russia have decreased at an annualized rate of 34.6%, from $407M in 2023 to $48.7M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Philippines
Top DestinationChina$19B

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 2023, countries that imported more from Russia than Philippines included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Philippines than Russia included United States ($13.3B), Japan ($11.4B), and South Korea ($3.48B).

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

Comparative Advantage Russia - Philippines

Flow
Scale

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

During 2023, Russia had a large net trade with Philippines in the exports of Metals ($105M), Mineral Products ($34.5M), and Machines ($12.3M).

During 2018, Philippines had a large net trade with Russia in the exports of Vegetable Products ($24.5M), Instruments ($7.79M), and Plastics and Rubbers ($5.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Philippines+$14kRefined Petroleum
Top Product Potential Philippines Russia+$9.74kIntegrated Circuits

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

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

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