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2023
Flag → Flag
Exports $1.64BRnk 39 / 221
2023
Flag → Flag
Top Product $498MIron Ore
2023
Flag → Flag
Exports $328MRnk 27 / 201
2023
Flag → Flag
Top Product $72.1MOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Brazil-Philippines Trade: In 2023, Brazil exported $1.64B to Philippines. The main products that Brazil exported to Philippines were Iron Ore ($498M), Pig Meat ($244M), and Poultry Meat ($208M). Over the past 5 years the exports of Brazil to Philippines have increased at an annualized rate of 22.1%, from $605M in 2018 to $1.64B in 2023.

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

Philippines-Brazil Trade: In 2023, Philippines exported $328M to Brazil. The main products that Philippines exported to Brazil were Office Machine Parts ($72.1M), Integrated Circuits ($43.3M), and Computers ($29.5M). Over the past 5 years the exports of Philippines to Brazil have decreased at an annualized rate of 1.67%,  from $357M in 2018 to $328M in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $114M and imported $26.4M from Philippines, resulting in a positive trade balance of $87.3M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-134M (-54.2%) from $248M to $114M, while imports decreased by $-1.85M (-6.53%) from $28.3M to $26.4M.

Trade In December 2024, the top exports of Brazil to Philippines were Wheat ($63.7M), Pig Meat ($22.3M), Soybean Meal ($20.6M), Poultry Meat ($12.8M), and Iron Ore ($11.8M). In December 2024 the top imports of Brazil from Philippines were Industrial Printers ($5M), Computers ($3.57M), Integrated Circuits ($2.76M), Video Displays ($2.09M), and Vegetable Saps ($1.32M).

Origins In December 2024 the exports of Brazil were mainly from Santa Catarina ($34.4M), Mato Grosso ($19.9M), Paraná ($18.9M), São Paulo ($15.3M), and Rio Grande do Sul ($14M), while imports destinations were mainly São Paulo ($12.9M), Espírito Santo ($3.14M), Rio de Janeiro ($2.94M), Amazonas ($1.88M), and Santa Catarina ($1.49M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Iron Ore ($-19M or -61.7%), Poultry Meat ($-4.12M or -24.3%), and Rubber Footwear ($-1.8M or -84.8%). In December 2024, the decrease in Brazil's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Integrated Circuits ($-1.74M or -38.7%), Industrial Printers ($-1.3M or -20.6%), and Revolution Counters ($-472k or -92.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-134M(-54.2%)
IMPORT GROWTH (December 2023 - December 2024)$-1.85M(-6.53%)
MAIN EXPORTER (December 2024)Santa Catarina$34.4M

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $1.64B to Philippines. The main products exported from Brazil to Philippines were Iron Ore ($498M), Pig Meat ($244M), and Poultry Meat ($208M). During the last 5 years the exports of Brazil to Philippines have increased at an annualized rate of 22.1%, from $605M in 2018 to $1.64B in 2023.

In 2018, Philippines exported $328M to Brazil. The main products exported from Philippines to Brazil were Office Machine Parts ($72.1M), Integrated Circuits ($43.3M), and Computers ($29.5M). During the last 5 years the exports of Philippines to Brazil have decreased at an annualized rate of 1.67%, from $357M in 2023 to $328M in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Brazil than Philippines included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Philippines than Brazil included Hong Kong ($11.7B), Japan ($11.4B), and Switzerland ($2.25B).

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

Comparative Advantage Brazil - Philippines

Flow
Scale

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

During 2023, Brazil had a large net trade with Philippines in the exports of Animal Products ($675M), Mineral Products ($576M), and Foodstuffs ($200M).

During 2018, Philippines had a large net trade with Brazil in the exports of Machines ($247M), Instruments ($24.4M), and Vegetable Products ($18.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Philippines+$24.7MRefined Petroleum
Top Product Potential Philippines Brazil+$96MIntegrated 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 Brazil and Philippines. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Brazil.

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

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