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2022
Flag → Flag
Exports $38.6MRnk 59 / 205
2022
Flag → Flag
Top Product $12.3MScrap Iron
2022
Flag → Flag
Exports $110MRnk 43 / 139
2022
Flag → Flag
Top Product $16MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Philippines-Bangladesh Trade: In 2022, Philippines exported $38.6M to Bangladesh. The main products that Philippines exported to Bangladesh were Scrap Iron ($12.3M), Concentrated Milk ($4.25M), and Malt Extract ($2.91M). Over the past 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 23.4%, from $13.5M in 2017 to $38.6M in 2022.

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

Bangladesh-Philippines Trade: In 2022, Bangladesh exported $110M to Philippines. The main products that Bangladesh exported to Philippines were Packaged Medicaments ($16M), Raw Tobacco ($12.4M), and Knit T-shirts ($10.1M). Over the past 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 22.2%,  from $40.4M in 2017 to $110M in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

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 ($9.88k or 5.4k%). In July 2024, the decrease in Philippines's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Raw Tobacco ($-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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $38.6M to Bangladesh. The main products exported from Philippines to Bangladesh were Scrap Iron ($12.3M), Concentrated Milk ($4.25M), and Malt Extract ($2.91M). During the last 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 23.4%, from $13.5M in 2017 to $38.6M in 2022.

In 2017, Bangladesh exported $110M to Philippines. The main products exported from Bangladesh to Philippines were Packaged Medicaments ($16M), Raw Tobacco ($12.4M), and Knit T-shirts ($10.1M). During the last 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 22.2%, from $40.4M in 2022 to $110M in 2017.

Exports from Philippines (Flag) to Bangladesh (Flag) (2022)

Exports from Bangladesh (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Bangladesh
Top DestinationUnited States$11.7B

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 2022, countries that imported more from Philippines than Bangladesh included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Bangladesh than Philippines included Germany ($10.2B), Spain ($4.41B), and Poland ($3.53B).

Difference in imports from Bangladesh (Flag) and Philippines (Flag) (2022)

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 2022, Philippines had a large net trade with Bangladesh in the exports of Metals ($12.5M), Foodstuffs ($8.04M), and Animal Products ($4.25M).

During 2017, Bangladesh had a large net trade with Philippines in the exports of Textiles ($49.9M), Foodstuffs ($22M), and Chemical Products ($16.3M).

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.

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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) (2022)

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