Mexico (MEX) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Mexico-Philippines Trade: In 2022, Mexico exported $252M to Philippines. The main products that Mexico exported to Philippines were Copper Ore ($39.2M), Self-Propelled Rail Transport ($30.8M), and Telephones ($17.3M). Over the past 5 years the exports of Mexico to Philippines have increased at an annualized rate of 8.64%, from $167M in 2017 to $252M in 2022.

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

Philippines-Mexico Trade: In 2022, Philippines exported $2.69B to Mexico. The main products that Philippines exported to Mexico were Office Machine Parts ($777M), Integrated Circuits ($717M), and Blank Audio Media ($373M). Over the past 5 years the exports of Philippines to Mexico have increased at an annualized rate of 12.1%, from $1.52B in 2017 to $2.69B in 2022.

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

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $252M to Philippines. The main products exported from Mexico to Philippines were Copper Ore ($39.2M), Self-Propelled Rail Transport ($30.8M), and Telephones ($17.3M). During the last 5 years the exports of Mexico to Philippines have increased at an annualized rate of 8.64%, from $167M in 2017 to $252M in 2022.

In 2017, Philippines exported $2.69B to Mexico. The main products exported from Philippines to Mexico were Office Machine Parts ($777M), Integrated Circuits ($717M), and Blank Audio Media ($373M). During the last 5 years the exports of Philippines to Mexico have increased at an annualized rate of 12.1%, from $1.52B in 2022 to $2.69B in 2017.

Exports from Mexico () to Philippines () (2022)

Exports from Philippines () to Mexico () (2022)

Latest Data

Trade between Mexico () and Philippines ()

Mexico Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Mexico than Philippines included United States ($421B), Canada ($22.2B), and Spain ($5.41B).

In 2022, countries that imported more from Philippines than Mexico included Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).

Difference in imports from Philippines () and Mexico () (2022)

Comparative Advantage Mexico - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Philippines in the exports of Machines ($87M), Transportation ($43.3M), and Mineral Products ($41.9M).

During 2017, Philippines had a large net trade with Mexico in the exports of Machines ($2.54B), Instruments ($51.2M), and Animal Hides ($15.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Philippines+$16.3MInsulated Wire

Top Product Potential Philippines Mexico+$494MIntegrated 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

Year

This visualization shows the product space at the HS4 level with the flags of Mexico and Philippines. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Mexico.

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Philippines () (2022)

Exports from Philippines () to Mexico () (2022)

Latest Data

Trade between Mexico () and Philippines ()

Mexico Exports

Philippines Exports

Market Competitiveness

Difference in imports from Philippines () and Mexico () (2022)

Comparative Advantage Mexico - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Philippines () (2022)

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