South Korea-Philippines Trade: In 2022, South Korea exported $12.5B to Philippines. The main products that South Korea exported to Philippines were Refined Petroleum ($4.55B), Integrated Circuits ($3.64B), and Copper Wire ($233M). Over the past 5 years the exports of South Korea to Philippines have increased at an annualized rate of 2.23%, from $11.2B in 2017 to $12.5B in 2022.
In 2005, South Korea exported services to Philippines worth $354M, with Transportation ($236M), Travel ($68.4M), and Other business services ($23.2M) being the largest in terms of value.
Philippines-South Korea Trade: In 2022, Philippines exported $4.22B to South Korea. The main products that Philippines exported to South Korea were Integrated Circuits ($810M), Coal Briquettes ($520M), and Copper Ore ($254M). Over the past 5 years the exports of Philippines to South Korea have decreased at an annualized rate of 0.19%, from $4.26B in 2017 to $4.22B in 2022.
In 2022, Philippines did not export any services to South Korea.
Comparison: In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).