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2023
Flag → Flag
Exports $162MRnk 53 / 206
2023
Flag → Flag
Top Product $31.4MSawn Wood
2023
Flag → Flag
Exports $132MRnk 34 / 201
2023
Flag → Flag
Top Product $74.1MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
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GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Finland-Philippines Trade: In 2023, Finland exported $162M to Philippines. The main products that Finland exported to Philippines were Sawn Wood ($31.4M), Other Uncoated Paper ($25.8M), and Gas Turbines ($11.6M). Over the past 5 years the exports of Finland to Philippines have decreased at an annualized rate of 4.75%, from $206M in 2018 to $162M in 2023.

In 2020, Finland exported services to Philippines worth $17.1M, with Computer and information services ($12.6M), Other business services ($3.43M), and Transportation ($1.14M) being the largest in terms of value.

Philippines-Finland Trade: In 2023, Philippines exported $132M to Finland. The main products that Philippines exported to Finland were Integrated Circuits ($74.1M), Office Machine Parts ($9.11M), and Gas Turbines ($9.05M). Over the past 5 years the exports of Philippines to Finland have decreased at an annualized rate of 2.05%,  from $146M in 2018 to $132M in 2023.

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

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $162M to Philippines. The main products exported from Finland to Philippines were Sawn Wood ($31.4M), Other Uncoated Paper ($25.8M), and Gas Turbines ($11.6M). During the last 5 years the exports of Finland to Philippines have decreased at an annualized rate of 4.75%, from $206M in 2018 to $162M in 2023.

In 2018, Philippines exported $132M to Finland. The main products exported from Philippines to Finland were Integrated Circuits ($74.1M), Office Machine Parts ($9.11M), and Gas Turbines ($9.05M). During the last 5 years the exports of Philippines to Finland have decreased at an annualized rate of 2.05%, from $146M in 2023 to $132M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Philippines (Flag)

Finland Exports

Philippines Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Finland than Philippines included Sweden ($8.13B), Germany ($9.26B), and Netherlands ($5.51B).

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

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

Comparative Advantage Finland - Philippines

Flow
Scale

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

During 2023, Finland had a large net trade with Philippines in the exports of Paper Goods ($43.7M), Machines ($36.3M), and Wood Products ($31.7M).

During 2018, Philippines had a large net trade with Finland in the exports of Machines ($112M), Foodstuffs ($6.94M), and Instruments ($3.65M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Philippines+$5.26MKaolin Coated Paper
Top Product Potential Philippines Finland+$31MIntegrated 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 Finland and Philippines. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Finland.

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

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