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Pricing

2023
Flag → Flag
Exports $25.1MRnk 67 / 201
2023
Flag → Flag
Top Product $15.1MOffice Machine Parts
2023
Flag → Flag
Exports $13.8MRnk 82 / 174
2023
Flag → Flag
Top Product $4.83MCoconut and Other Vegetable Fibers
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Philippines-Ecuador Trade: In 2023, Philippines exported $25.1M to Ecuador. The main products that Philippines exported to Ecuador were Office Machine Parts ($15.1M), Ink ($979k), and Non-Retail Synthetic Staple Fibers Yarn ($942k). Over the past 5 years the exports of Philippines to Ecuador have decreased at an annualized rate of 1.63%, from $27.2M in 2018 to $25.1M in 2023.

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

Ecuador-Philippines Trade: In 2023, Ecuador exported $13.8M to Philippines. The main products that Ecuador exported to Philippines were Coconut and Other Vegetable Fibers ($4.83M), Raw Tobacco ($4.17M), and Cut Flowers ($2.98M). Over the past 5 years the exports of Ecuador to Philippines have increased at an annualized rate of 2.29%,  from $12.4M in 2018 to $13.8M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $526k and imported $1.01M from Ecuador, resulting in a negative trade balance of $482k. Between July 2023 and July 2024 the exports of Philippines have increased by $335k (176%) from $191k to $526k, while imports increased by $817k (425%) from $192k to $1.01M.

Trade In July 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 July 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 (gliders, balloons, and powered... ($26.1k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Ecuador was explained primarily by an increase in product exports in . In July 2024, the increase in Philippines's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$335k(176%)
IMPORT GROWTH (July 2023 - July 2024)$817k(425%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $25.1M to Ecuador. The main products exported from Philippines to Ecuador were Office Machine Parts ($15.1M), Ink ($979k), and Non-Retail Synthetic Staple Fibers Yarn ($942k). During the last 5 years the exports of Philippines to Ecuador have decreased at an annualized rate of 1.63%, from $27.2M in 2018 to $25.1M in 2023.

In 2018, Ecuador exported $13.8M to Philippines. The main products exported from Ecuador to Philippines were Coconut and Other Vegetable Fibers ($4.83M), Raw Tobacco ($4.17M), and Cut Flowers ($2.98M). During the last 5 years the exports of Ecuador to Philippines have increased at an annualized rate of 2.29%, from $12.4M in 2023 to $13.8M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Ecuador
Top DestinationUnited States$8.34B

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 2023, countries that imported more from Philippines than Ecuador included Hong Kong ($11.7B), China ($19B), and Japan ($11.4B).

In 2023, countries that imported more from Ecuador than Philippines included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

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

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 2023, Philippines had a large net trade with Ecuador in the exports of Machines ($17.6M), Instruments ($1.81M), and Textiles ($1.8M).

During 2018, Ecuador had a large net trade with Philippines in the exports of Foodstuffs ($5.25M), Textiles ($4.83M), and Vegetable Products ($3.38M).

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) (2023)

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