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2022
Flag → Flag
Exports $138MRnk 32 / 205
2022
Flag → Flag
Top Product $115MCrude Petroleum
2022
Flag → Flag
Exports $439MRnk 9 / 121
2022
Flag → Flag
Top Product $213MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
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GDP GROWTH-12.4%CURRENT US$
Rnk 176 / 186
2022
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GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$37,152CURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP PC GROWTH-20.7%CURRENT US$
Rnk 174 / 186

About

Philippines-Brunei Trade: In 2022, Philippines exported $138M to Brunei. The main products that Philippines exported to Brunei were Crude Petroleum ($115M), Coal Briquettes ($13.8M), and Sauces and Seasonings ($1.11M). Over the past 5 years the exports of Philippines to Brunei have increased at an annualized rate of 65.6%, from $11.1M in 2017 to $138M in 2022.

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

Brunei-Philippines Trade: In 2022, Brunei exported $439M to Philippines. The main products that Brunei exported to Philippines were Refined Petroleum ($213M), Petroleum Gas ($190M), and Nitrogenous Fertilizers ($13M). Over the past 5 years the exports of Brunei to Philippines have increased at an annualized rate of 59.2%,  from $43M in 2017 to $439M in 2022.

In 2022, Brunei 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, Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $455k and imported $15.8M from Brunei, resulting in a negative trade balance of $15.3M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-3.32M (-88%) from $3.78M to $455k, while imports decreased by $-2.64M (-14.4%) from $18.4M to $15.8M.

Trade In August 2024, the top exports of Philippines to Brunei were Coal Briquettes ($6.16M), Commodities not elsewhere specified ($96k), Paper Containers ($61.8k), Shaped Paper ($22.1k), and Other Heating Machinery ($11.9k). In August 2024 the top imports of Philippines from Brunei were Refined Petroleum ($28.2M), Petroleum Gas ($11.1M), Nitrogenous Fertilizers ($2.91M), Acyclic Alcohols ($2.31M), and Office Machine Parts ($484).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Brunei was explained primarily by an decrease in product exports in Sauces and Seasonings ($-111k or -93.6%), Baked Goods ($-27.9k or -76.8%), and Plastic Housewares ($-12.9k or -88.6%). In August 2024, the decrease in Philippines's year-by-year imports  from Brunei was explained primarily by an decrease in product imports  in Petroleum Gas ($-10.6M or -48.7%), Refined Petroleum ($-581k or -2.02%), and Office Machine Parts ($-730 or -60.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-3.32M(-88%)
IMPORT GROWTH (August 2023 - August 2024)$-2.64M(-14.4%)

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 Brunei and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brunei and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $138M to Brunei. The main products exported from Philippines to Brunei were Crude Petroleum ($115M), Coal Briquettes ($13.8M), and Sauces and Seasonings ($1.11M). During the last 5 years the exports of Philippines to Brunei have increased at an annualized rate of 65.6%, from $11.1M in 2017 to $138M in 2022.

In 2017, Brunei exported $439M to Philippines. The main products exported from Brunei to Philippines were Refined Petroleum ($213M), Petroleum Gas ($190M), and Nitrogenous Fertilizers ($13M). During the last 5 years the exports of Brunei to Philippines have increased at an annualized rate of 59.2%, from $43M in 2022 to $439M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Brunei
Top DestinationAustralia$2.66B

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

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

In 2022, countries that imported more from Brunei than Philippines included Australia ($2.66B), Burma ($113M), and Mozambique ($15.9M).

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

Comparative Advantage Philippines - Brunei

Flow
Scale

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

During 2022, Philippines had a large net trade with Brunei in the exports of Mineral Products ($129M), Foodstuffs ($4.88M), and Footwear and Headwear ($1.03M).

During 2017, Brunei had a large net trade with Philippines in the exports of Mineral Products ($403M), Chemical Products ($26.8M), and Transportation ($6.07M).

Economic Complexity

Competitive Landscape

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

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

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