NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $34.6BRnk 28 / 208
2023
Flag → Flag
Top Product $3.03BRefined Petroleum
2023
Flag → Flag
Exports $19BRnk 1 / 201
2023
Flag → Flag
Top Product $6.79BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

China-Philippines Trade: In 2023, China exported $34.6B to Philippines. The main products that China exported to Philippines were Refined Petroleum ($3.03B), Integrated Circuits ($1.38B), and Coated Flat-Rolled Iron ($601M). Over the past 5 years the exports of China to Philippines have increased at an annualized rate of 6.04%, from $25.8B in 2018 to $34.6B in 2023.

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

Philippines-China Trade: In 2023, Philippines exported $19B to China. The main products that Philippines exported to China were Integrated Circuits ($6.79B), Nickel Ore ($1.98B), and Office Machine Parts ($1.77B). Over the past 5 years the exports of Philippines to China have decreased at an annualized rate of 1.89%,  from $20.9B in 2018 to $19B in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). 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, China exported $4.7B and imported $1.74B from Philippines, resulting in a positive trade balance of $2.97B. Between December 2023 and December 2024 the exports of China have increased by $348M (7.99%) from $4.36B to $4.7B, while imports increased by $108M (6.65%) from $1.63B to $1.74B.

Trade In December 2024, the top exports of China to Philippines were Integrated Circuits ($139M), Refined Petroleum ($122M), Commodities not elsewhere specified ($113M), Telephones ($104M), and Other Furniture ($97.7M). In December 2024 the top imports of China from Philippines were Integrated Circuits ($518M), Office Machine Parts ($111M), Semiconductor Devices ($74.3M), Electrical Capacitors ($72.3M), and Computers ($61.5M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($950M), Zhejiang Province ($608M), Fujian Province ($567M), Jiangsu Province ($524M), and Shandong Province ($461M), while imports destinations were mainly Guangdong Province ($721M), Shanghai Province ($273M), Jiangsu Province ($190M), Zhejiang Province ($111M), and Fujian Province ($78M).

Growth In December 2024, the increase in China's year-by-year exports to Philippines was explained primarily by an increase in product exports in Integrated Circuits ($57.4M or 70.2%), Commodities not elsewhere specified ($44.5M or 64.9%), and Telephones ($41.5M or 66.4%). In December 2024, the increase in China's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Office Machine Parts ($60.9M or 122%), Lignite ($22.1M or 78.7%), and Computers ($21.5M or 53.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$348M(7.99%)
IMPORT GROWTH (December 2023 - December 2024)$108M(6.65%)
MAIN EXPORTER (December 2024)Guangdong Province$950M

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and China Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $34.6B to Philippines. The main products exported from China to Philippines were Refined Petroleum ($3.03B), Integrated Circuits ($1.38B), and Coated Flat-Rolled Iron ($601M). During the last 5 years the exports of China to Philippines have increased at an annualized rate of 6.04%, from $25.8B in 2018 to $34.6B in 2023.

In 2018, Philippines exported $19B to China. The main products exported from Philippines to China were Integrated Circuits ($6.79B), Nickel Ore ($1.98B), and Office Machine Parts ($1.77B). During the last 5 years the exports of Philippines to China have decreased at an annualized rate of 1.89%, from $20.9B in 2023 to $19B in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from China than Philippines included United States ($436B), Hong Kong ($259B), and Germany ($164B).

In 2023, countries that imported more from Philippines than China included Guam ($22.7M), Northern Mariana Islands ($4.48M), and American Samoa ($3.47M).

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

Comparative Advantage China - Philippines

Flow
Scale

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

During 2023, China had a large net trade with Philippines in the exports of Machines ($10.5B), Metals ($5.09B), and Mineral Products ($3.36B).

During 2018, Philippines had a large net trade with China in the exports of Machines ($12B), Mineral Products ($3.34B), and Metals ($1.24B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Philippines+$865MIntegrated Circuits
Top Product Potential Philippines China+$3.5BIntegrated 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms