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2023
Flag → Flag
Exports $845MRnk 52 / 223
2023
Flag → Flag
Top Product $172MSemiconductor Devices
2023
Flag → Flag
Exports $1.9BRnk 14 / 201
2023
Flag → Flag
Top Product $842MGold
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
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GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
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GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

United Kingdom-Philippines Trade: In 2023, United Kingdom exported $845M to Philippines. The main products that United Kingdom exported to Philippines were Semiconductor Devices ($172M), Gas Turbines ($121M), and Broadcasting Equipment ($47M). Over the past 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 0.96%, from $806M in 2018 to $845M in 2023.

In 2019, United Kingdom exported services to Philippines worth $386M, with Other business services ($163M), Travel ($105M), and Royalties and license fees ($44.7M) being the largest in terms of value.

Philippines-United Kingdom Trade: In 2023, Philippines exported $1.9B to United Kingdom. The main products that Philippines exported to United Kingdom were Gold ($842M), Integrated Circuits ($153M), and Office Machine Parts ($118M). Over the past 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 18.3%,  from $818M in 2018 to $1.9B in 2023.

In 2023, Philippines did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £39.3M and imported £44M from Philippines, resulting in a negative trade balance of £4.65M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-2.3M (-5.53%) from £41.6M to £39.3M, while imports increased by £4.37M (11%) from £39.6M to £44M.

Trade In November 2024, the top exports of United Kingdom to Philippines were Semiconductor Devices (£17.9M), Packaged Medicaments (£3.1M), Edible Offal (£1.64M), Pig Meat (£1.42M), and Hard Liquor (£1.22M). In November 2024 the top imports of United Kingdom from Philippines were Integrated Circuits (£7.87M), Video Displays (£4.52M), Processed Fish (£3.53M), Other Footwear (£1.91M), and Vacuum Cleaners (£1.7M).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£15.1M), East Midlands Airport (£8.2M), Felixstowe (£4.81M), Southampton (£2.08M), and Avonmouth (£1.86M), while imports destinations were mainly Southampton (£12.4M), Felixstowe (£10.7M), London Heathrow Airport (£6.78M), London Gateway (£3.53M), and East Midlands Airport (£2.98M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Delivery Trucks (£-4.56M or -79.2%), Metal Mountings (£-539k or -99.1%), and Washing and Bottling Machines (£-497k or -98.9%). In November 2024, the increase in United Kingdom's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Integrated Circuits (£5.42M or 221%), Video Displays (£3.78M or 513%), and Other Footwear (£1.63M or 583%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-2.3M(-5.53%)
IMPORT GROWTH (November 2023 - November 2024)£4.37M(11%)
MAIN EXPORTER (November 2024)London Heathrow Airport£15.1M

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

To check Philippines and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $845M to Philippines. The main products exported from United Kingdom to Philippines were Semiconductor Devices ($172M), Gas Turbines ($121M), and Broadcasting Equipment ($47M). During the last 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 0.96%, from $806M in 2018 to $845M in 2023.

In 2018, Philippines exported $1.9B to United Kingdom. The main products exported from Philippines to United Kingdom were Gold ($842M), Integrated Circuits ($153M), and Office Machine Parts ($118M). During the last 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 18.3%, from $818M in 2023 to $1.9B in 2018.

Exports from United Kingdom (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from United Kingdom than Philippines included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

In 2023, countries that imported more from Philippines than United Kingdom included Japan ($11.4B), Mexico ($3.02B), and Vietnam ($1.69B).

Difference in imports from Philippines (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Philippines

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Philippines in the exports of Machines ($459M), Chemical Products ($118M), and Transportation ($65.5M).

During 2018, Philippines had a large net trade with United Kingdom in the exports of Precious Metals ($843M), Machines ($666M), and Foodstuffs ($77.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Philippines+$37.2MCars
Top Product Potential Philippines United Kingdom+$139MIntegrated 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 United Kingdom and Philippines. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Philippines (Flag) (2023)

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