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2023
Flag → Flag
Exports $16.8MRnk 85 / 183
2023
Flag → Flag
Top Product $5.57MPesticides
2023
Flag → Flag
Exports $51.3MRnk 50 / 201
2023
Flag → Flag
Top Product $24MOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Colombia-Philippines Trade: In 2023, Colombia exported $16.8M to Philippines. The main products that Colombia exported to Philippines were Pesticides ($5.57M), Precious Metal Ore ($4.3M), and Coffee and Tea Extracts ($917k). Over the past 5 years the exports of Colombia to Philippines have increased at an annualized rate of 5.84%, from $12.6M in 2018 to $16.8M in 2023.

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

Philippines-Colombia Trade: In 2023, Philippines exported $51.3M to Colombia. The main products that Philippines exported to Colombia were Office Machine Parts ($24M), Electrical Transformers ($2.77M), and Shaving Products ($1.69M). Over the past 5 years the exports of Philippines to Colombia have decreased at an annualized rate of 4.79%,  from $65.5M in 2018 to $51.3M in 2023.

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

Comparison: In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $16.8M to Philippines. The main products exported from Colombia to Philippines were Pesticides ($5.57M), Precious Metal Ore ($4.3M), and Coffee and Tea Extracts ($917k). During the last 5 years the exports of Colombia to Philippines have increased at an annualized rate of 5.84%, from $12.6M in 2018 to $16.8M in 2023.

In 2018, Philippines exported $51.3M to Colombia. The main products exported from Philippines to Colombia were Office Machine Parts ($24M), Electrical Transformers ($2.77M), and Shaving Products ($1.69M). During the last 5 years the exports of Philippines to Colombia have decreased at an annualized rate of 4.79%, from $65.5M in 2023 to $51.3M in 2018.

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

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

Latest Data

Trade between Colombia (Flag) and Philippines (Flag)

Colombia Exports

Philippines Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$14.8B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Colombia than Philippines included Panama ($4.66B), Ecuador ($2.19B), and Brazil ($2.12B).

In 2023, countries that imported more from Philippines than Colombia included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

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

Comparative Advantage Colombia - Philippines

Flow
Scale

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

During 2023, Colombia had a large net trade with Philippines in the exports of Chemical Products ($8.28M), Mineral Products ($4.3M), and Foodstuffs ($1.53M).

During 2018, Philippines had a large net trade with Colombia in the exports of Machines ($34.2M), Instruments ($4.57M), and Chemical Products ($3.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Philippines+$3.09MPesticides
Top Product Potential Philippines Colombia+$6.33MComputers

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 Colombia and Philippines. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Colombia.

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

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