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Pricing

2022
Flag → Flag
Exports $24.4MRnk 68 / 205
2022
Flag → Flag
Top Product $13.3MOffice Machine Parts
2022
Flag → Flag
Exports $15MRnk 74 / 170
2022
Flag → Flag
Top Product $7.73MCoconut and Other Vegetable Fibers
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Philippines-Ecuador Trade: In 2022, Philippines exported $24.4M to Ecuador. The main products that Philippines exported to Ecuador were Office Machine Parts ($13.3M), Plastic Lids ($1.81M), and Ink ($1.54M). Over the past 5 years the exports of Philippines to Ecuador have increased at an annualized rate of 3.33%, from $20.7M in 2017 to $24.4M in 2022.

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

Ecuador-Philippines Trade: In 2022, Ecuador exported $15M to Philippines. The main products that Ecuador exported to Philippines were Coconut and Other Vegetable Fibers ($7.73M), Cut Flowers ($3.81M), and Raw Tobacco ($1.52M). Over the past 5 years the exports of Ecuador to Philippines have increased at an annualized rate of 4.06%,  from $12.3M in 2017 to $15M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $621k and imported $857k from Ecuador, resulting in a negative trade balance of $236k. Between September 2023 and September 2024 the exports of Philippines have increased by $379k (157%) from $242k to $621k, while imports decreased by $-545k (-38.9%) from $1.4M to $857k.

Trade In September 2024, the top exports of Philippines to Ecuador were Non-Retail Synthetic Staple Fibers Yarn ($291k), Medical Instruments ($67k), and Office Machine Parts ($1.22k). In September 2024 the top imports of Philippines from Ecuador were Coconut and Other Vegetable Fibers ($458k), Planes, Helicopters, and/or Spacecraft ($156k), Animal Food ($101k), Cocoa Beans ($62.4k), and Aircraft Parts ($26.1k).

Growth In September 2024, the increase in Philippines's year-by-year exports to Ecuador was explained primarily by an increase in product exports in . In September 2024, the decrease in Philippines's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Coconut and Other Vegetable Fibers ($-1.12M or -71.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$379k(157%)
IMPORT GROWTH (September 2023 - September 2024)$-545k(-38.9%)

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 Ecuador and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $24.4M to Ecuador. The main products exported from Philippines to Ecuador were Office Machine Parts ($13.3M), Plastic Lids ($1.81M), and Ink ($1.54M). During the last 5 years the exports of Philippines to Ecuador have increased at an annualized rate of 3.33%, from $20.7M in 2017 to $24.4M in 2022.

In 2017, Ecuador exported $15M to Philippines. The main products exported from Ecuador to Philippines were Coconut and Other Vegetable Fibers ($7.73M), Cut Flowers ($3.81M), and Raw Tobacco ($1.52M). During the last 5 years the exports of Ecuador to Philippines have increased at an annualized rate of 4.06%, from $12.3M in 2022 to $15M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Philippines included Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

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

Comparative Advantage Philippines - Ecuador

Flow
Scale

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

During 2022, Philippines had a large net trade with Ecuador in the exports of Machines ($16.3M), Plastics and Rubbers ($1.92M), and Chemical Products ($1.57M).

During 2017, Ecuador had a large net trade with Philippines in the exports of Textiles ($7.73M), Vegetable Products ($4.65M), and Foodstuffs ($2.33M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Ecuador+$4.44kComputers
Top Product Potential Ecuador Philippines+$6.79kRefined 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 Ecuador. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Philippines.

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

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