2022
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GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$3,499CURRENT US$
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2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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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).

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 Destination
United States$15.5B
Spain
Top Destination
France$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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