2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Finland-Philippines Trade: In 2022, Finland exported $194M to Philippines. The main products that Finland exported to Philippines were Sawn Wood ($52.1M), Other Uncoated Paper ($31.8M), and Kraft Paper ($11.9M). Over the past 5 years the exports of Finland to Philippines have decreased at an annualized rate of 2.24%, from $217M in 2017 to $194M in 2022.

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 2022, Philippines exported $78.4M to Finland. The main products that Philippines exported to Finland were Office Machine Parts ($29.5M), Processed Fish ($5.08M), and Other Processed Fruits and Nuts ($4.78M). Over the past 5 years the exports of Philippines to Finland have decreased at an annualized rate of 4.64%,  from $99.5M in 2017 to $78.4M in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $194M to Philippines. The main products exported from Finland to Philippines were Sawn Wood ($52.1M), Other Uncoated Paper ($31.8M), and Kraft Paper ($11.9M). During the last 5 years the exports of Finland to Philippines have decreased at an annualized rate of 2.24%, from $217M in 2017 to $194M in 2022.

In 2017, Philippines exported $78.4M to Finland. The main products exported from Philippines to Finland were Office Machine Parts ($29.5M), Processed Fish ($5.08M), and Other Processed Fruits and Nuts ($4.78M). During the last 5 years the exports of Philippines to Finland have decreased at an annualized rate of 4.64%, from $99.5M in 2022 to $78.4M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Philippines (Flag)

Finland Exports

Philippines Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Philippines
Top Destination
United States$15.5B

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 2022, countries that imported more from Finland than Philippines included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

In 2022, countries that imported more from Philippines than Finland included Hong Kong ($12.6B), China ($15.3B), and Japan ($11.3B).

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

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 2022, Finland had a large net trade with Philippines in the exports of Wood Products ($55.5M), Paper Goods ($52.8M), and Machines ($21.9M).

During 2017, Philippines had a large net trade with Finland in the exports of Machines ($51.8M), Foodstuffs ($10.1M), and Instruments ($4.65M).

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) (2022)

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