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2023
Flag → Flag
Exports $2.3BRnk 16 / 198
2023
Flag → Flag
Top Product $501MIntegrated Circuits
2023
Flag → Flag
Exports $11.7BRnk 3 / 201
2023
Flag → Flag
Top Product $7.33BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Hong Kong-Philippines Trade: In 2023, Hong Kong exported $2.3B to Philippines. The main products that Hong Kong exported to Philippines were Integrated Circuits ($501M), Office Machine Parts ($397M), and Broadcasting Equipment ($155M). Over the past 5 years the exports of Hong Kong to Philippines have decreased at an annualized rate of 7.07%, from $3.31B in 2018 to $2.3B in 2023.

In 2023, Hong Kong did not export any services to Philippines.

Philippines-Hong Kong Trade: In 2023, Philippines exported $11.7B to Hong Kong. The main products that Philippines exported to Hong Kong were Integrated Circuits ($7.33B), Precious Metal Scraps ($939M), and Office Machine Parts ($673M). Over the past 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 6.44%,  from $16.3B in 2018 to $11.7B in 2023.

In 2023, Philippines did not export any services to Hong Kong.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $2.3B to Philippines. The main products exported from Hong Kong to Philippines were Integrated Circuits ($501M), Office Machine Parts ($397M), and Broadcasting Equipment ($155M). During the last 5 years the exports of Hong Kong to Philippines have decreased at an annualized rate of 7.07%, from $3.31B in 2018 to $2.3B in 2023.

In 2018, Philippines exported $11.7B to Hong Kong. The main products exported from Philippines to Hong Kong were Integrated Circuits ($7.33B), Precious Metal Scraps ($939M), and Office Machine Parts ($673M). During the last 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 6.44%, from $16.3B in 2023 to $11.7B in 2018.

Exports from Hong Kong (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Philippines (Flag)

Hong Kong Exports

Philippines Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Hong Kong than Philippines included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

In 2023, countries that imported more from Philippines than Hong Kong included United States ($13.3B), Japan ($11.4B), and Germany ($4.91B).

Difference in imports from Philippines (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Philippines

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Philippines in the exports of Machines ($1.83B), Instruments ($146M), and Textiles ($64.7M).

During 2018, Philippines had a large net trade with Hong Kong in the exports of Machines ($9.87B), Precious Metals ($1.46B), and Instruments ($77.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Philippines+$211MIntegrated Circuits
Top Product Potential Philippines Hong Kong+$1.48BIntegrated 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 Hong Kong and Philippines. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Philippines (Flag) (2023)

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