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Pricing

2023
Flag → Flag
Exports $10.4BRnk 18 / 211
2023
Flag → Flag
Top Product $1.23BIntegrated Circuits
2023
Flag → Flag
Exports $11.4BRnk 4 / 201
2023
Flag → Flag
Top Product $1.61BInsulated Wire
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
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GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 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

Japan-Philippines Trade: In 2023, Japan exported $10.4B to Philippines. The main products that Japan exported to Philippines were Integrated Circuits ($1.23B), Machinery Having Individual Functions ($442M), and Cars ($405M). Over the past 5 years the exports of Japan to Philippines have decreased at an annualized rate of 2.92%, from $12.1B in 2018 to $10.4B in 2023.

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 2023, Philippines exported $11.4B to Japan. The main products that Philippines exported to Japan were Insulated Wire ($1.61B), Wood Carpentry ($904M), and Nickel Mattes ($778M). Over the past 5 years the exports of Philippines to Japan have decreased at an annualized rate of 1.36%,  from $12.2B in 2018 to $11.4B in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥135B and imported ¥122B from Philippines, resulting in a positive trade balance of ¥13.5B. Between November 2023 and November 2024 the exports of Japan have increased by ¥7.74B (6.08%) from ¥127B to ¥135B, while imports decreased by ¥-3.96B (-3.16%) from ¥125B to ¥122B.

Trade In November 2024, the top exports of Japan to Philippines were Refined Petroleum (¥13.6B), Commodities not elsewhere specified (¥9.92B), Integrated Circuits (¥8.65B), Copper Foil (¥3.08B), and Delivery Trucks (¥3.03B). In November 2024 the top imports of Japan from Philippines were Insulated Wire (¥17.9B), Nickel Mattes (¥14.5B), Wood Carpentry (¥10.4B), Integrated Circuits (¥6.07B), and Bananas (¥5.37B).

Origins In November 2024 the exports of Japan were mainly from Osaka (¥26B), Aichi (¥21.9B), Chiba (¥16.6B), Kanagawa (¥12.3B), and Tokyo (¥11.9B), while imports destinations were mainly Tokyo (¥23B), Aichi (¥19.9B), Chiba (¥16.8B), Osaka (¥12.3B), and Okayama (¥9.25B).

Growth In November 2024, the increase in Japan's year-by-year exports to Philippines was explained primarily by an increase in product exports in Refined Petroleum (¥4.26B or 45.6%), Commodities not elsewhere specified (¥1.28B or 14.9%), and Scrap Iron (¥941M or 3.32k%). In November 2024, the decrease in Japan's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (¥-1.99B or -34.9%), Computers (¥-1.69B or -49.5%), and Electrical Capacitors (¥-374M or -79.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥7.74B(6.08%)
IMPORT GROWTH (November 2023 - November 2024)¥-3.96B(-3.16%)
MAIN EXPORTER (November 2024)Osaka¥26B

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $10.4B to Philippines. The main products exported from Japan to Philippines were Integrated Circuits ($1.23B), Machinery Having Individual Functions ($442M), and Cars ($405M). During the last 5 years the exports of Japan to Philippines have decreased at an annualized rate of 2.92%, from $12.1B in 2018 to $10.4B in 2023.

In 2018, Philippines exported $11.4B to Japan. The main products exported from Philippines to Japan were Insulated Wire ($1.61B), Wood Carpentry ($904M), and Nickel Mattes ($778M). During the last 5 years the exports of Philippines to Japan have decreased at an annualized rate of 1.36%, from $12.2B in 2023 to $11.4B in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Philippines
Top DestinationChina$19B

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 2023, countries that imported more from Japan than Philippines included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Philippines than Japan included American Samoa ($3.47M), Norfolk Island ($574k), and Cocos (Keeling) Islands ($218k).

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

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 2023, Japan had a large net trade with Philippines in the exports of Machines ($4.87B), Transportation ($1.42B), and Metals ($1.12B).

During 2018, Philippines had a large net trade with Japan in the exports of Machines ($5.24B), Metals ($1.16B), and Wood Products ($957M).

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) (2023)

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