Vietnam (VNM) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $5.16B in 2022.

In 2017, 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 2022 to $2.25B in 2017.

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

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

Latest Data

Trade between Vietnam () and Philippines ()

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Philippines
Top DestinationUnited States$15.5B

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

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

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

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

Comparative Advantage Vietnam - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Philippines in the exports of Vegetable Products ($1.57B), Machines ($1.05B), and Metals ($466M).

During 2017, Philippines had a large net trade with Vietnam in the exports of Machines ($1.74B), Metals ($195M), and Foodstuffs ($70.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Philippines+$220MTelephones

Top Product Potential Philippines Vietnam+$760MIntegrated 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

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and Philippines. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and Philippines ()

Philippines Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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