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2023
Flag → Flag
Exports $2.16BRnk 42 / 220
2023
Flag → Flag
Top Product $321MPackaged Medicaments
2023
Flag → Flag
Exports $1.68BRnk 16 / 201
2023
Flag → Flag
Top Product $242MGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

India-Philippines Trade: In 2023, India exported $2.16B to Philippines. The main products that India exported to Philippines were Packaged Medicaments ($321M), Motorcycles and cycles ($175M), and Refined Petroleum ($155M). Over the past 5 years the exports of India to Philippines have increased at an annualized rate of 1.47%, from $2.01B in 2018 to $2.16B in 2023.

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

Philippines-India Trade: In 2023, Philippines exported $1.68B to India. The main products that Philippines exported to India were Gold ($242M), Integrated Circuits ($183M), and Office Machine Parts ($180M). Over the past 5 years the exports of Philippines to India have increased at an annualized rate of 15.7%,  from $809M in 2018 to $1.68B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $153M and imported $106M from Philippines, resulting in a positive trade balance of $47.1M. Between November 2023 and November 2024 the exports of India have decreased by $-33.9M (-18.2%) from $187M to $153M, while imports increased by $14.7M (16.2%) from $90.8M to $106M.

Trade In November 2024, the top exports of India to Philippines were Drug Formulations, Biologicals ($18.4M), Two And Three Wheelers ($17.7M), Buffalo Meat ($9.61M), Auto Tyres And Tubes ($6.15M), and Auto Components/Parts ($5.28M). In November 2024 the top imports of India from Philippines were Electronics Instruments ($8.32M), Computer Hardware, Peripherals ($7.84M), Organic Chemicals ($6.84M), Electronics Components ($6.03M), and Telecom Instruments ($5.87M).

Growth In November 2024, the decrease in India's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-16.7M or -47.5%), Telecom Instruments ($-10.7M or -99.6%), and Iron And Steel ($-8.02M or -81.8%). In November 2024, the increase in India's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Telecom Instruments ($4.89M or 495%), Computer Hardware, Peripherals ($1.99M or 34%), and Fruits / Vegetable Seeds ($1.31M or 10.9M%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-33.9M(-18.2%)
IMPORT GROWTH (November 2023 - November 2024)$14.7M(16.2%)

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

To check Philippines and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $2.16B to Philippines. The main products exported from India to Philippines were Packaged Medicaments ($321M), Motorcycles and cycles ($175M), and Refined Petroleum ($155M). During the last 5 years the exports of India to Philippines have increased at an annualized rate of 1.47%, from $2.01B in 2018 to $2.16B in 2023.

In 2018, Philippines exported $1.68B to India. The main products exported from Philippines to India were Gold ($242M), Integrated Circuits ($183M), and Office Machine Parts ($180M). During the last 5 years the exports of Philippines to India have increased at an annualized rate of 15.7%, from $809M in 2023 to $1.68B in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from India than Philippines included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

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

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

Comparative Advantage India - Philippines

Flow
Scale

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

During 2023, India had a large net trade with Philippines in the exports of Chemical Products ($598M), Transportation ($378M), and Machines ($248M).

During 2018, Philippines had a large net trade with India in the exports of Machines ($625M), Precious Metals ($242M), and Metals ($205M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Philippines+$125MPackaged Medicaments
Top Product Potential Philippines India+$199MIntegrated 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 India and Philippines. This means that a dot/product with the flag of India indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over India.

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

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