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2022
Flag → Flag
Exports $5.16BRnk 17 / 152
2022
Flag → Flag
Top Product $1.38BRice
2022
Flag → Flag
Exports $2.25BRnk 15 / 205
2022
Flag → Flag
Top Product $805MIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 0.062Rnk 60 / 124
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
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GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Vietnam-Philippines In 2022, Vietnam exported $5.16B to Philippines. The main products that Vietnam exported to Philippines are Rice ($1.38B), Cement ($375M), and Broadcasting Equipment ($225M). During the last 26 years the exports of Vietnam to Philippines have increased at an annualized rate of 13.7%, from $181M in 1996 to $5.16B in 2022.

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

Philippines-Vietnam 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). During the last 26 years the exports of Philippines to Vietnam have increased at an annualized rate of 11.6%, from $130M in 1996 to $2.25B in 2022.

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

Comparison In 2022,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B). That same year, Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 26 years the exports of Vietnam to Philippines have increased at an annualized rate of 13.7%, from $181M in 1996 to $5.16B in 2022.

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 26 years the exports of Philippines to Vietnam have increased at an annualized rate of 11.6%, from $130M in 1996 to $2.25B in 2022.

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

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

Latest Data

Trade between Vietnam (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
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 2021, countries that imported more from Vietnam than Philippines were United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2021, countries that imported more from Philippines than Vietnam were Switzerland ($4.1B), Singapore ($7.07B), and Curaçao ($38.3M).

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

Comparative Advantage Vietnam - Philippines

Flow
Scale

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

Economic Complexity

Competitive Landscape

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

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

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