Marshall Islands (MHL) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Marshall Islands-Philippines Trade: In 2022, Marshall Islands exported $2.96M to Philippines. The main products that Marshall Islands exported to Philippines were Non-fillet Frozen Fish ($2.61M), Fish Fillets ($342k), and Other Measuring Instruments ($2.63k). Over the past 5 years the exports of Marshall Islands to Philippines have decreased at an annualized rate of 0.4%, from $3.02M in 2017 to $2.96M in 2022.

In 2022, Marshall Islands did not export any services to Philippines.

Philippines-Marshall Islands Trade: In 2022, Philippines exported $3.01M to Marshall Islands. The main products that Philippines exported to Marshall Islands were Aircraft Parts ($780k), Baked Goods ($244k), and Frozen Fruits and Nuts ($227k). Over the past 5 years the exports of Philippines to Marshall Islands have increased at an annualized rate of 3.43%, from $2.55M in 2017 to $3.01M in 2022.

In 2022, Philippines did not export any services to Marshall Islands.

Comparison In 2022, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. 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, Marshall Islands exported $2.96M to Philippines. The main products exported from Marshall Islands to Philippines were Non-fillet Frozen Fish ($2.61M), Fish Fillets ($342k), and Other Measuring Instruments ($2.63k). During the last 5 years the exports of Marshall Islands to Philippines have decreased at an annualized rate of 0.4%, from $3.02M in 2017 to $2.96M in 2022.

In 2017, Philippines exported $3.01M to Marshall Islands. The main products exported from Philippines to Marshall Islands were Aircraft Parts ($780k), Baked Goods ($244k), and Frozen Fruits and Nuts ($227k). During the last 5 years the exports of Philippines to Marshall Islands have increased at an annualized rate of 3.43%, from $2.55M in 2022 to $3.01M in 2017.

Exports from Marshall Islands () to Philippines () (2022)

Exports from Philippines () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Philippines ()

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Marshall Islands than Philippines included Tanzania ($41M), Denmark ($159M), and Malta ($66.2M).

In 2022, countries that imported more from Philippines than Marshall Islands included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

Difference in imports from Philippines () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with Philippines in the exports of Animal Products ($2.95M), Instruments ($3.22k), and Metals ($458).

During 2017, Philippines had a large net trade with Marshall Islands in the exports of Foodstuffs ($1.1M), Transportation ($781k), and Vegetable Products ($227k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Marshall Islands () to Philippines () (2022)

Exports from Philippines () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Philippines ()

Philippines Exports

Market Competitiveness

Difference in imports from Philippines () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Marshall Islands () and Philippines () (2022)

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