NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $38.2MRnk 57 / 201
2023
Flag → Flag
Top Product $9.04MScrap Iron
2023
Flag → Flag
Exports $94.8MRnk 46 / 138
2023
Flag → Flag
Top Product $17MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Philippines-Bangladesh Trade: In 2023, Philippines exported $38.2M to Bangladesh. The main products that Philippines exported to Bangladesh were Scrap Iron ($9.04M), Video Recording Equipment ($4.67M), and Other Uncoated Paper ($3.93M). Over the past 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 14.9%, from $19.1M in 2018 to $38.2M in 2023.

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

Bangladesh-Philippines Trade: In 2023, Bangladesh exported $94.8M to Philippines. The main products that Bangladesh exported to Philippines were Packaged Medicaments ($17M), Knit T-shirts ($11M), and Non-Knit Men's Suits ($9.04M). Over the past 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 12.8%,  from $40.9M in 2018 to $94.8M in 2023.

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

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $3.78M and imported $7.21M from Bangladesh, resulting in a negative trade balance of $3.42M. Between July 2023 and July 2024 the exports of Philippines have increased by $1.01M (36.6%) from $2.77M to $3.78M, while imports decreased by $-391k (-5.14%) from $7.6M to $7.21M.

Trade In July 2024, the top exports of Philippines to Bangladesh were Scrap Iron ($399k), Non-Retail Synthetic Staple Fibers Yarn ($296k), Bi-Wheel Vehicle Parts ($50.5k), Prepared Cereals ($37k), and Electric Heaters ($32.4k). In July 2024 the top imports of Philippines from Bangladesh were Packaged Medicaments ($1.28M), Flavored Water ($1.13M), Non-Knit Men's Suits ($1.07M), Knit T-shirts ($973k), and Non-Knit Women's Suits ($693k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Electric Heaters ($29.5k or 1.02k%), Prepared Cereals ($19.5k or 111%), and Aircraft parts (gliders, balloons, and powered... ($9.88k or 5.4k%). In July 2024, the decrease in Philippines's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Raw Tobacco ($-733k or -76.6%), Fermented Milk Products ($-569k or -92.2%), and Mirrors and Lenses ($-263k or -76.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.01M(36.6%)
IMPORT GROWTH (July 2023 - July 2024)$-391k(-5.14%)

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

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

For full datasets download visit Bulk Download page.

Explore Bangladesh and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $38.2M to Bangladesh. The main products exported from Philippines to Bangladesh were Scrap Iron ($9.04M), Video Recording Equipment ($4.67M), and Other Uncoated Paper ($3.93M). During the last 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 14.9%, from $19.1M in 2018 to $38.2M in 2023.

In 2018, Bangladesh exported $94.8M to Philippines. The main products exported from Bangladesh to Philippines were Packaged Medicaments ($17M), Knit T-shirts ($11M), and Non-Knit Men's Suits ($9.04M). During the last 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 12.8%, from $40.9M in 2023 to $94.8M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Bangladesh
Top DestinationUnited States$8.58B

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

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

In 2023, countries that imported more from Bangladesh than Philippines included Spain ($3.95B), Germany ($8.28B), and Poland ($3.04B).

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

Comparative Advantage Philippines - Bangladesh

Flow
Scale

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

During 2023, Philippines had a large net trade with Bangladesh in the exports of Metals ($9.05M), Machines ($8.4M), and Foodstuffs ($5.64M).

During 2018, Bangladesh had a large net trade with Philippines in the exports of Textiles ($53.8M), Foodstuffs ($18.9M), and Chemical Products ($17.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Bangladesh+$7.92kIntegrated Circuits
Top Product Potential Bangladesh Philippines+$7.08kKnit Sweaters

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and Bangladesh (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms