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2022
Flag → Flag
Exports $78.4MRnk 43 / 205
2022
Flag → Flag
Top Product $29.5MOffice Machine Parts
2022
Flag → Flag
Exports $194MRnk 50 / 207
2022
Flag → Flag
Top Product $52.1MSawn Wood
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Philippines-Finland Trade: In 2022, Philippines exported $78.4M to Finland. The main products that Philippines exported to Finland were Office Machine Parts ($29.5M), Processed Fish ($5.08M), and Other Processed Fruits and Nuts ($4.78M). Over the past 5 years the exports of Philippines to Finland have decreased at an annualized rate of 4.64%, from $99.5M in 2017 to $78.4M in 2022.

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

Finland-Philippines Trade: In 2022, Finland exported $194M to Philippines. The main products that Finland exported to Philippines were Sawn Wood ($52.1M), Other Uncoated Paper ($31.8M), and Kraft Paper ($11.9M). Over the past 5 years the exports of Finland to Philippines have decreased at an annualized rate of 2.24%,  from $217M in 2017 to $194M in 2022.

In 2020, Finland exported services to Philippines worth $17.1M, with Computer and information services ($12.6M), Other business services ($3.43M), and Transportation ($1.14M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $2.62M and imported $12.3M from Finland, resulting in a negative trade balance of $9.71M. Between September 2023 and September 2024 the exports of Philippines have increased by $1.05M (67%) from $1.57M to $2.62M, while imports increased by $2.41M (24.3%) from $9.92M to $12.3M.

Trade In September 2024, the top exports of Philippines to Finland were Commodities not elsewhere specified ($409k), Other Processed Fruits and Nuts ($323k), Processed Fish ($219k), Aircraft Parts ($142k), and Semiconductor Devices ($87.7k). In September 2024 the top imports of Philippines from Finland were Other Uncoated Paper ($4.78M), Sawn Wood ($2.4M), Other Construction Vehicles ($951k), Kraft Paper ($717k), and Kaolin Coated Paper ($703k).

Growth In September 2024, the increase in Philippines's year-by-year exports to Finland was explained primarily by an increase in product exports in Other Processed Fruits and Nuts ($117k or 56.8%), Aircraft Parts ($112k or 372%), and Semiconductor Devices ($72.2k or 466%). In September 2024, the increase in Philippines's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Other Uncoated Paper ($2.35M or 96.7%), Other Construction Vehicles ($666k or 233%), and Refractory Bricks ($449k or 7.91k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$1.05M(67%)
IMPORT GROWTH (September 2023 - September 2024)$2.41M(24.3%)

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 Finland and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $78.4M to Finland. The main products exported from Philippines to Finland were Office Machine Parts ($29.5M), Processed Fish ($5.08M), and Other Processed Fruits and Nuts ($4.78M). During the last 5 years the exports of Philippines to Finland have decreased at an annualized rate of 4.64%, from $99.5M in 2017 to $78.4M in 2022.

In 2017, Finland exported $194M to Philippines. The main products exported from Finland to Philippines were Sawn Wood ($52.1M), Other Uncoated Paper ($31.8M), and Kraft Paper ($11.9M). During the last 5 years the exports of Finland to Philippines have decreased at an annualized rate of 2.24%, from $217M in 2022 to $194M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Finland
Top DestinationGermany$9.99B

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

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

In 2022, countries that imported more from Finland than Philippines included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

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

Comparative Advantage Philippines - Finland

Flow
Scale

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

During 2022, Philippines had a large net trade with Finland in the exports of Machines ($51.8M), Foodstuffs ($10.1M), and Instruments ($4.65M).

During 2017, Finland had a large net trade with Philippines in the exports of Wood Products ($55.5M), Paper Goods ($52.8M), and Machines ($21.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Finland+$31MIntegrated Circuits
Top Product Potential Finland Philippines+$5.26MKaolin Coated Paper

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, Finland exported services to Philippines worth $17.1M, with Computer and information services ($12.6M), Other business services ($3.43M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Philippines.

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

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