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2022
Flag → Flag
Exports $138MRnk 33 / 205
2022
Flag → Flag
Top Product $46.4MOrthopedic Appliances
2022
Flag → Flag
Exports $318MRnk 48 / 218
2022
Flag → Flag
Top Product $50.4MPig Meat
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Philippines-Denmark Trade: In 2022, Philippines exported $138M to Denmark. The main products that Philippines exported to Denmark were Orthopedic Appliances ($46.4M), Integrated Circuits ($18.1M), and Eyewear Frames ($17.4M). Over the past 5 years the exports of Philippines to Denmark have increased at an annualized rate of 17.9%, from $60.3M in 2017 to $138M in 2022.

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

Denmark-Philippines Trade: In 2022, Denmark exported $318M to Philippines. The main products that Denmark exported to Philippines were Pig Meat ($50.4M), Packaged Medicaments ($28.2M), and Orthopedic Appliances ($26.3M). Over the past 5 years the exports of Denmark to Philippines have increased at an annualized rate of 12.5%,  from $177M in 2017 to $318M in 2022.

In 2020, Denmark exported services to Philippines worth $118M, with Transportation ($88.9M), Construction services ($9.82M), and Other business services ($7.31M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $5.68M and imported $28.2M from Denmark, resulting in a negative trade balance of $22.6M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-381k (-6.28%) from $6.06M to $5.68M, while imports increased by $6.61M (30.6%) from $21.6M to $28.2M.

Trade In August 2024, the top exports of Philippines to Denmark were Orthopedic Appliances ($4.77M), Eyewear Frames ($745k), Vegetable Saps ($690k), Commodities not elsewhere specified ($683k), and Integrated Circuits ($320k). In August 2024 the top imports of Philippines from Denmark were Eyewear Frames ($2.13M), Commodities not elsewhere specified ($1.95M), Cheese ($1.65M), Animal Meal and Pellets ($1.37M), and Starches ($1.36M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Integrated Circuits ($-473k or -59.7%), Vegetable Saps ($-266k or -27.8%), and Trunks and Cases ($-4.65k or -63%). In August 2024, the increase in Philippines's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Eyewear Frames ($1.4M or 192%), Casein ($982k or 370%), and Starches ($923k or 209%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-381k(-6.28%)
IMPORT GROWTH (August 2023 - August 2024)$6.61M(30.6%)

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 Denmark and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $138M to Denmark. The main products exported from Philippines to Denmark were Orthopedic Appliances ($46.4M), Integrated Circuits ($18.1M), and Eyewear Frames ($17.4M). During the last 5 years the exports of Philippines to Denmark have increased at an annualized rate of 17.9%, from $60.3M in 2017 to $138M in 2022.

In 2017, Denmark exported $318M to Philippines. The main products exported from Denmark to Philippines were Pig Meat ($50.4M), Packaged Medicaments ($28.2M), and Orthopedic Appliances ($26.3M). During the last 5 years the exports of Denmark to Philippines have increased at an annualized rate of 12.5%, from $177M in 2022 to $318M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Philippines included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

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

Comparative Advantage Philippines - Denmark

Flow
Scale

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

During 2022, Philippines had a large net trade with Denmark in the exports of Instruments ($65.5M), Machines ($46.8M), and Vegetable Products ($12.7M).

During 2017, Denmark had a large net trade with Philippines in the exports of Animal Products ($118M), Chemical Products ($60.7M), and Instruments ($40.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Denmark+$21.7MIntegrated Circuits
Top Product Potential Denmark Philippines+$5.66MPig Meat

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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Bilateral Service Trade

In 2020, Denmark exported services to Philippines worth $118M, with Transportation ($88.9M), Construction services ($9.82M), and Other business services ($7.31M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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