2022
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GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
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 GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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GDP PC 
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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2022
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GDP PC
$3,499CURRENT US$
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2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
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About

Japan-Philippines Trade: In 2022, Japan exported $11.4B to Philippines. The main products that Japan exported to Philippines were Refined Petroleum ($1.1B), Integrated Circuits ($980M), and Machinery Having Individual Functions ($364M). Over the past 5 years the exports of Japan to Philippines have increased at an annualized rate of 0.74%, from $11B in 2017 to $11.4B in 2022.

In 2009, Japan exported services to Philippines worth $2.03B, with Services not allocated ($1B), Transportation ($335M), and Construction services ($246M) being the largest in terms of value.

Philippines-Japan Trade: In 2022, Philippines exported $11.3B to Japan. The main products that Philippines exported to Japan were Insulated Wire ($1.4B), Nickel Mattes ($927M), and Integrated Circuits ($921M). Over the past 5 years the exports of Philippines to Japan have decreased at an annualized rate of 0.14%,  from $11.4B in 2017 to $11.3B in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $11.4B to Philippines. The main products exported from Japan to Philippines were Refined Petroleum ($1.1B), Integrated Circuits ($980M), and Machinery Having Individual Functions ($364M). During the last 5 years the exports of Japan to Philippines have increased at an annualized rate of 0.74%, from $11B in 2017 to $11.4B in 2022.

In 2017, Philippines exported $11.3B to Japan. The main products exported from Philippines to Japan were Insulated Wire ($1.4B), Nickel Mattes ($927M), and Integrated Circuits ($921M). During the last 5 years the exports of Philippines to Japan have decreased at an annualized rate of 0.14%, from $11.4B in 2022 to $11.3B in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Philippines
Top Destination
United States$15.5B

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

In 2022, countries that imported more from Japan than Philippines included United States ($137B), China ($135B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from Philippines than Japan included Brunei ($138M), Curaçao ($38.3M), and Norfolk Island ($5.29M).

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

Comparative Advantage Japan - Philippines

Flow
Scale

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

During 2022, Japan had a large net trade with Philippines in the exports of Machines ($4.93B), Transportation ($1.39B), and Metals ($1.26B).

During 2017, Philippines had a large net trade with Japan in the exports of Machines ($5.21B), Metals ($1.5B), and Wood Products ($927M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Philippines+$229MIntegrated Circuits
Top Product Potential Philippines Japan+$468MIntegrated 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 Japan and Philippines. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Philippines (Flag) (2022)

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