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2023
Flag → Flag
Exports $62.3MRnk 46 / 201
2023
Flag → Flag
Top Product $24.7MOffice Machine Parts
2023
Flag → Flag
Exports $117MRnk 48 / 183
2023
Flag → Flag
Top Product $54.2MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 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$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Philippines-Chile Trade: In 2023, Philippines exported $62.3M to Chile. The main products that Philippines exported to Chile were Office Machine Parts ($24.7M), Sulfuric Acid ($3.66M), and Video Displays ($2.9M). Over the past 5 years the exports of Philippines to Chile have decreased at an annualized rate of 8.7%, from $98.2M in 2018 to $62.3M in 2023.

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

Chile-Philippines Trade: In 2023, Chile exported $117M to Philippines. The main products that Chile exported to Philippines were Copper Ore ($54.2M), Non-fillet Frozen Fish ($25.2M), and Kaolin Coated Paper ($6.8M). Over the past 5 years the exports of Chile to Philippines have increased at an annualized rate of 14.9%,  from $58.5M in 2018 to $117M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $4.29M and imported $4.86M from Chile, resulting in a negative trade balance of $569k. Between July 2023 and July 2024 the exports of Philippines have increased by $1.33M (45.1%) from $2.95M to $4.29M, while imports increased by $740k (18%) from $4.12M to $4.86M.

Trade In July 2024, the top exports of Philippines to Chile were Industrial Printers ($567k), Broadcasting Accessories ($333k), Fish Oil ($328k), Video Displays ($306k), and Medical Instruments ($135k). In July 2024 the top imports of Philippines from Chile were Copper Ore ($59.7M), Non-fillet Frozen Fish ($2.45M), Kaolin Coated Paper ($1.81M), Poultry Meat ($710k), and Wine ($396k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Chile was explained primarily by an increase in product exports in Twine, cordage or rope; knotted netting,... ($36.6k or 43.2%). In July 2024, the increase in Philippines's year-by-year imports  from Chile was explained primarily by an increase in product imports  in Non-fillet Frozen Fish ($1.81M or 281%), Poultry Meat ($424k or 148%), and Wine ($237k or 149%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.33M(45.1%)
IMPORT GROWTH (July 2023 - July 2024)$740k(18%)

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 Chile and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chile and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $62.3M to Chile. The main products exported from Philippines to Chile were Office Machine Parts ($24.7M), Sulfuric Acid ($3.66M), and Video Displays ($2.9M). During the last 5 years the exports of Philippines to Chile have decreased at an annualized rate of 8.7%, from $98.2M in 2018 to $62.3M in 2023.

In 2018, Chile exported $117M to Philippines. The main products exported from Chile to Philippines were Copper Ore ($54.2M), Non-fillet Frozen Fish ($25.2M), and Kaolin Coated Paper ($6.8M). During the last 5 years the exports of Chile to Philippines have increased at an annualized rate of 14.9%, from $58.5M in 2023 to $117M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Philippines than Chile included Hong Kong ($11.7B), Singapore ($4.81B), and Japan ($11.4B).

In 2023, countries that imported more from Chile than Philippines included China ($38.2B), Brazil ($4.4B), and South Korea ($6.02B).

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

Comparative Advantage Philippines - Chile

Flow
Scale

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

During 2023, Philippines had a large net trade with Chile in the exports of Machines ($36.9M), Chemical Products ($8.12M), and Textiles ($4.5M).

During 2018, Chile had a large net trade with Philippines in the exports of Mineral Products ($54.2M), Animal Products ($39.7M), and Paper Goods ($7.76M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Chile+$5.62MIndustrial Printers
Top Product Potential Chile Philippines+$24.5MCopper Ore

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

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

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