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Pricing

2022
Flag → Flag
Exports $1.14BRnk 45 / 218
2022
Flag → Flag
Top Product $249MHard Liquor
2022
Flag → Flag
Exports $434MRnk 23 / 205
2022
Flag → Flag
Top Product $74.7MCoconut Oil
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Spain-Philippines Trade: In 2022, Spain exported $1.14B to Philippines. The main products that Spain exported to Philippines were Hard Liquor ($249M), Pig Meat ($249M), and Edible Offal ($117M). Over the past 5 years the exports of Spain to Philippines have increased at an annualized rate of 16.3%, from $534M in 2017 to $1.14B in 2022.

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

Philippines-Spain Trade: In 2022, Philippines exported $434M to Spain. The main products that Philippines exported to Spain were Coconut Oil ($74.7M), Processed Fish ($52.8M), and Office Machine Parts ($34.1M). Over the past 5 years the exports of Philippines to Spain have increased at an annualized rate of 7.1%,  from $308M in 2017 to $434M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €73.7M and imported €33.5M from Philippines, resulting in a positive trade balance of €40.2M. Between August 2023 and August 2024 the exports of Spain have increased by €13.8M (23.1%) from €59.9M to €73.7M, while imports decreased by €-5.41M (-13.9%) from €38.9M to €33.5M.

Trade In August 2024, the top exports of Spain to Philippines were Hard Liquor (€13.2M), Edible Offal (€10.4M), Pig Meat (€8.78M), Animal Fat (€3.68M), and Packaged Medicaments (€2.02M). In August 2024 the top imports of Spain from Philippines were Coconut Oil (€3.5M), Industrial Printers (€2.16M), Other Processed Fruits and Nuts (€1.86M), Electrical Control Boards (€1.64M), and Vacuum Cleaners (€1.62M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€21.3M), Huesca (€10.4M), Girona (€8.87M), Burgos (€5.24M), and Madrid (€3.72M), while imports destinations were mainly Madrid (€16.3M), A Coruña (€4.46M), Barcelona (€4.36M), Valencia (€2.31M), and Pontevedra (€1.71M).

Growth In August 2024, the increase in Spain's year-by-year exports to Philippines was explained primarily by an increase in product exports in Hard Liquor (€1.61M or 14%), Animal Fat (€1.57M or 74.6%), and Eggs (€979k or 453%). In August 2024, the decrease in Spain's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Processed Fish (€-2.78M or -77.7%), Vacuum Cleaners (€-2.47M or -60.4%), and Coconut Oil (€-1.18M or -25.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€13.8M(23.1%)
IMPORT GROWTH (August 2023 - August 2024)€-5.41M(-13.9%)
MAIN EXPORTER (August 2024)Barcelona€21.3M

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.14B to Philippines. The main products exported from Spain to Philippines were Hard Liquor ($249M), Pig Meat ($249M), and Edible Offal ($117M). During the last 5 years the exports of Spain to Philippines have increased at an annualized rate of 16.3%, from $534M in 2017 to $1.14B in 2022.

In 2017, Philippines exported $434M to Spain. The main products exported from Philippines to Spain were Coconut Oil ($74.7M), Processed Fish ($52.8M), and Office Machine Parts ($34.1M). During the last 5 years the exports of Philippines to Spain have increased at an annualized rate of 7.1%, from $308M in 2022 to $434M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Spain than Philippines included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2022, countries that imported more from Philippines than Spain included Hong Kong ($12.6B), China ($15.3B), and Singapore ($7.07B).

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

Comparative Advantage Spain - Philippines

Flow
Scale

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

During 2022, Spain had a large net trade with Philippines in the exports of Animal Products ($427M), Foodstuffs ($297M), and Chemical Products ($126M).

During 2017, Philippines had a large net trade with Spain in the exports of Machines ($144M), Foodstuffs ($95.3M), and Animal and Vegetable Bi-Products ($82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Philippines+$23.2MPackaged Medicaments
Top Product Potential Philippines Spain+$37.1MIntegrated 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 Spain and Philippines. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Spain.

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

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