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

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Mexico-Philippines Trade: In 2023, Mexico exported $376M to Philippines. The main products that Mexico exported to Philippines were Copper Ore ($121M), Planes, Helicopters, and/or Spacecraft ($26M), and Broadcasting Equipment ($18.2M). Over the past 5 years the exports of Mexico to Philippines have increased at an annualized rate of 20.5%, from $148M in 2018 to $376M in 2023.

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

Philippines-Mexico Trade: In 2023, Philippines exported $3.02B to Mexico. The main products that Philippines exported to Mexico were Office Machine Parts ($794M), Integrated Circuits ($748M), and Blank Audio Media ($340M). Over the past 5 years the exports of Philippines to Mexico have increased at an annualized rate of 2%, from $2.74B in 2018 to $3.02B in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $376M to Philippines. The main products exported from Mexico to Philippines were Copper Ore ($121M), Planes, Helicopters, and/or Spacecraft ($26M), and Broadcasting Equipment ($18.2M). During the last 5 years the exports of Mexico to Philippines have increased at an annualized rate of 20.5%, from $148M in 2018 to $376M in 2023.

In 2018, Philippines exported $3.02B to Mexico. The main products exported from Philippines to Mexico were Office Machine Parts ($794M), Integrated Circuits ($748M), and Blank Audio Media ($340M). During the last 5 years the exports of Philippines to Mexico have increased at an annualized rate of 2%, from $2.74B in 2023 to $3.02B in 2018.

Exports from Mexico () to Philippines () (2023)

Exports from Philippines () to Mexico () (2023)

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$456B

Philippines
Top DestinationChina$19B

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 2023, countries that imported more from Mexico than Philippines included United States ($456B), Canada ($33B), and Germany ($10.7B).

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

Difference in imports from Philippines () and Mexico () (2023)

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 2023, Mexico had a large net trade with Philippines in the exports of Mineral Products ($121M), Machines ($117M), and Transportation ($40.5M).

During 2018, Philippines had a large net trade with Mexico in the exports of Machines ($2.88B), Instruments ($48.2M), and Plastics and Rubbers ($22M).

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 () (2023)

Exports from Philippines () to Mexico () (2023)

Latest Data

Trade between Mexico () and Philippines ()

Mexico Exports

Philippines Exports

Market Competitiveness

Difference in imports from Philippines () and Mexico () (2023)

Comparative Advantage Mexico - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Philippines () (2023)

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