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2023
Flag → Flag
Exports $8.3BRnk 12 / 216
2023
Flag → Flag
Top Product $1.47BCars
2023
Flag → Flag
Exports $574MRnk 8 / 201
2023
Flag → Flag
Top Product $560MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 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

Thailand-Philippines Trade: In 2023, Thailand exported $8.3B to Philippines. The main products that Thailand exported to Philippines were Cars ($1.47B), Delivery Trucks ($1.29B), and Integrated Circuits ($508M). Over the past 5 years the exports of Thailand to Philippines have increased at an annualized rate of 0.19%, from $8.23B in 2018 to $8.3B in 2023.

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

Philippines-Thailand Trade: In 2023, Philippines exported $3.13B to Thailand. The main products that Philippines exported to Thailand were Integrated Circuits ($560M), Refined Copper ($538M), and Office Machine Parts ($526M). Over the past 5 years the exports of Philippines to Thailand have decreased at an annualized rate of 3.66%,  from $3.78B in 2018 to $3.13B in 2023.

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

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $8.3B to Philippines. The main products exported from Thailand to Philippines were Cars ($1.47B), Delivery Trucks ($1.29B), and Integrated Circuits ($508M). During the last 5 years the exports of Thailand to Philippines have increased at an annualized rate of 53.8%, from $356M in 2018 to $8.3B in 2023.

In 2018, Philippines exported $3.13B to Thailand. The main products exported from Philippines to Thailand were Integrated Circuits ($560M), Refined Copper ($538M), and Office Machine Parts ($526M). During the last 5 years the exports of Philippines to Thailand have decreased at an annualized rate of 1.49%, from $533M in 2023 to $3.13B in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Philippines (Flag)

Thailand Exports

Philippines Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Thailand than Philippines included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Philippines than Thailand included Guam ($22.7M), Malta ($40.4M), and Northern Mariana Islands ($4.48M).

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

Comparative Advantage Thailand - Philippines

Flow
Scale

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

During 2023, Thailand had a large net trade with Philippines in the exports of Transportation ($3.08B), Machines ($1.53B), and Foodstuffs ($973M).

During 2018, Philippines had a large net trade with Thailand in the exports of Machines ($1.61B), Metals ($643M), and Transportation ($232M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Philippines+$154MIntegrated Circuits
Top Product Potential Philippines Thailand+$396MIntegrated 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 Thailand and Philippines. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Thailand.

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

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