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Pricing

2022
Flag → Flag
Exports $3.28BRnk 8 / 198
2022
Flag → Flag
Top Product $688MIntegrated Circuits
2022
Flag → Flag
Exports $12.6BRnk 3 / 205
2022
Flag → Flag
Top Product $8.48BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Hong Kong-Philippines Trade: In 2022, Hong Kong exported $3.28B to Philippines. The main products that Hong Kong exported to Philippines were Integrated Circuits ($688M), Office Machine Parts ($616M), and Special Purpose Ships ($195M). Over the past 5 years the exports of Hong Kong to Philippines have increased at an annualized rate of 1.31%, from $3.08B in 2017 to $3.28B in 2022.

In 2022, Hong Kong did not export any services to Philippines.

Philippines-Hong Kong Trade: In 2022, Philippines exported $12.6B to Hong Kong. The main products that Philippines exported to Hong Kong were Integrated Circuits ($8.48B), Office Machine Parts ($894M), and Precious Metal Scraps ($654M). Over the past 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 2.16%,  from $14.1B in 2017 to $12.6B in 2022.

In 2022, Philippines did not export any services to Hong Kong.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $3.28B to Philippines. The main products exported from Hong Kong to Philippines were Integrated Circuits ($688M), Office Machine Parts ($616M), and Special Purpose Ships ($195M). During the last 5 years the exports of Hong Kong to Philippines have increased at an annualized rate of 1.31%, from $3.08B in 2017 to $3.28B in 2022.

In 2017, Philippines exported $12.6B to Hong Kong. The main products exported from Philippines to Hong Kong were Integrated Circuits ($8.48B), Office Machine Parts ($894M), and Precious Metal Scraps ($654M). During the last 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 2.16%, from $14.1B in 2022 to $12.6B in 2017.

Exports from Hong Kong (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Hong Kong (Flag) (2022)

Latest Data

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

Hong Kong Exports

Philippines Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Philippines
Top DestinationUnited States$15.5B

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 2022, countries that imported more from Hong Kong than Philippines included India ($14.3B), China ($23.4B), and Netherlands ($6.56B).

In 2022, countries that imported more from Philippines than Hong Kong included United States ($15.5B), Japan ($11.3B), and Singapore ($7.07B).

Difference in imports from Philippines (Flag) and Hong Kong (Flag) (2022)

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 2022, Hong Kong had a large net trade with Philippines in the exports of Machines ($2.49B), Transportation ($243M), and Instruments ($168M).

During 2017, Philippines had a large net trade with Hong Kong in the exports of Machines ($11.1B), Precious Metals ($1.14B), and Instruments ($77.9M).

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) (2022)

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