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2022
Flag → Flag
Exports $434MRnk 23 / 205
2022
Flag → Flag
Top Product $74.7MCoconut Oil
2022
Flag → Flag
Exports $1.14BRnk 45 / 218
2022
Flag → Flag
Top Product $249MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Philippines-Spain Trade: In 2022, Philippines exported $434M to Spain. The main products that Philippines exported to Spain were Coconut Oil ($74.7M), Processed Fish ($52.8M), and Office Machine Parts ($34.1M). Over the past 5 years the exports of Philippines to Spain have increased at an annualized rate of 7.1%, from $308M in 2017 to $434M in 2022.

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

Spain-Philippines Trade: In 2022, Spain exported $1.14B to Philippines. The main products that Spain exported to Philippines were Hard Liquor ($249M), Pig Meat ($249M), and Edible Offal ($117M). Over the past 5 years the exports of Spain to Philippines have increased at an annualized rate of 16.3%,  from $534M in 2017 to $1.14B in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $39.1M and imported $72.5M from Spain, resulting in a negative trade balance of $33.4M. Between September 2023 and September 2024 the exports of Philippines have increased by $22M (129%) from $17.1M to $39.1M, while imports increased by $20.3M (38.8%) from $52.2M to $72.5M.

Trade In September 2024, the top exports of Philippines to Spain were Coconut Oil ($6.06M), Commodities not elsewhere specified ($4.55M), Vegetable Saps ($3.13M), Other Processed Fruits and Nuts ($1.8M), and Industrial Printers ($1.11M). In September 2024 the top imports of Philippines from Spain were Hard Liquor ($14.3M), Edible Offal ($7.62M), Scented Mixtures ($4M), Pig Meat ($3.4M), and Plastic Pipes ($2.64M).

Growth In September 2024, the increase in Philippines's year-by-year exports to Spain was explained primarily by an increase in product exports in Commodities not elsewhere specified ($3.35M or 278%), Coconut Oil ($1.96M or 47.7%), and Vegetable Saps ($1.91M or 157%). In September 2024, the increase in Philippines's year-by-year imports  from Spain was explained primarily by an increase in product imports  in Hard Liquor ($10.1M or 242%), Plastic Pipes ($1.05M or 66.2%), and Wine ($776k or 1.03k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$22M(129%)
IMPORT GROWTH (September 2023 - September 2024)$20.3M(38.8%)

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 Spain and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $434M to Spain. The main products exported from Philippines to Spain were Coconut Oil ($74.7M), Processed Fish ($52.8M), and Office Machine Parts ($34.1M). During the last 5 years the exports of Philippines to Spain have increased at an annualized rate of 7.1%, from $308M in 2017 to $434M in 2022.

In 2017, Spain exported $1.14B to Philippines. The main products exported from Spain to Philippines were Hard Liquor ($249M), Pig Meat ($249M), and Edible Offal ($117M). During the last 5 years the exports of Spain to Philippines have increased at an annualized rate of 16.3%, from $534M in 2022 to $1.14B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Philippines than Spain included Hong Kong ($12.6B), China ($15.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Spain than Philippines included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

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

Comparative Advantage Philippines - Spain

Flow
Scale

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

During 2022, Philippines had a large net trade with Spain in the exports of Machines ($144M), Foodstuffs ($95.3M), and Animal and Vegetable Bi-Products ($82M).

During 2017, Spain had a large net trade with Philippines in the exports of Animal Products ($427M), Foodstuffs ($297M), and Chemical Products ($126M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Spain+$37.1MIntegrated Circuits
Top Product Potential Spain Philippines+$23.2MPackaged Medicaments

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

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

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