2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Philippines-Belarus Trade: In 2022, Philippines exported $52.6k to Belarus. The main products that Philippines exported to Belarus were Wood Kitchenware ($42.9k), Base Metal Watches ($5.86k), and Cutting Blades ($3.74k). Over the past 5 years the exports of Philippines to Belarus have decreased at an annualized rate of 67.4%, from $14.2M in 2017 to $52.6k in 2022.

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

Belarus-Philippines Trade: In 2022, Belarus exported $18.4M to Philippines. The main products that Belarus exported to Philippines were Whey and other milk products ($7.64M), Concentrated Milk ($5.61M), and Malt Extract ($2.65M). Over the past 5 years the exports of Belarus to Philippines have increased at an annualized rate of 10.4%,  from $11.2M in 2017 to $18.4M in 2022.

In 2014, Belarus exported services to Philippines worth $3.9k, with Government services, n.i.e. ($3.9k) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $52.6k to Belarus. The main products exported from Philippines to Belarus were Wood Kitchenware ($42.9k), Base Metal Watches ($5.86k), and Cutting Blades ($3.74k). During the last 5 years the exports of Philippines to Belarus have decreased at an annualized rate of 67.4%, from $14.2M in 2017 to $52.6k in 2022.

In 2017, Belarus exported $18.4M to Philippines. The main products exported from Belarus to Philippines were Whey and other milk products ($7.64M), Concentrated Milk ($5.61M), and Malt Extract ($2.65M). During the last 5 years the exports of Belarus to Philippines have increased at an annualized rate of 10.4%, from $11.2M in 2022 to $18.4M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Belarus
Top Destination
China$1.6B

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

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

In 2022, countries that imported more from Belarus than Philippines included Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

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

Comparative Advantage Philippines - Belarus

Flow
Scale

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

During 2022, Philippines had a large net trade with Belarus in the exports of Wood Products ($42.9k), Instruments ($5.86k), and Metals ($3.74k).

During 2017, Belarus had a large net trade with Philippines in the exports of Animal Products ($13.2M), Foodstuffs ($2.65M), and Chemical Products ($2.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Belarus+$4.21kIntegrated Circuits
Top Product Potential Belarus Philippines+$3.99kRefined Petroleum

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 Belarus. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Belarus (Flag) (2022)

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