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2022
Flag → Flag
Exports $6.1MRnk 96 / 205
2022
Flag → Flag
Top Product $1.33MAircraft Parts
2022
Flag → Flag
Exports $22.7MRnk 2 / 52
2022
Flag → Flag
Top Product $22.3MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 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$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Philippines-Micronesia Trade: In 2022, Philippines exported $6.1M to Micronesia. The main products that Philippines exported to Micronesia were Aircraft Parts ($1.33M), Sauces and Seasonings ($709k), and Baked Goods ($624k). Over the past 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 5.43%, from $8.06M in 2017 to $6.1M in 2022.

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

Micronesia-Philippines Trade: In 2022, Micronesia exported $22.7M to Philippines. The main products that Micronesia exported to Philippines were Non-fillet Frozen Fish ($22.3M), Aircraft Parts ($340k), and Engine Parts ($15.5k). Over the past 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 24.6%,  from $7.56M in 2017 to $22.7M in 2022.

In 2022, Micronesia 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, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $326k and imported $139 from Micronesia, resulting in a positive trade balance of $326k. Between August 2023 and August 2024 the exports of Philippines have decreased by $-108k (-24.9%) from $434k to $326k, while imports decreased by $-3.53M (-100%) from $3.53M to $139.

Trade In August 2024, the top exports of Philippines to Micronesia were Baked Goods ($50.9k), Flavored Water ($37.6k), Sauces and Seasonings ($34.3k), Cement ($21.5k), and Iron Structures ($18.2k). In August 2024 the top imports of Philippines from Micronesia were Non-fillet Frozen Fish ($422k) and Non-Knit Women's Suits ($401).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in Knit T-shirts ($-8.61k or -80.9%), Other Steel Bars ($-2.46k or -82.6%), and Plastic Housewares ($-1.69k or -62.8%). In August 2024, the decrease in Philippines's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-108k(-24.9%)
IMPORT GROWTH (August 2023 - August 2024)$-3.53M(-100%)

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 Micronesia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $6.1M to Micronesia. The main products exported from Philippines to Micronesia were Aircraft Parts ($1.33M), Sauces and Seasonings ($709k), and Baked Goods ($624k). During the last 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 5.43%, from $8.06M in 2017 to $6.1M in 2022.

In 2017, Micronesia exported $22.7M to Philippines. The main products exported from Micronesia to Philippines were Non-fillet Frozen Fish ($22.3M), Aircraft Parts ($340k), and Engine Parts ($15.5k). During the last 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 24.6%, from $7.56M in 2022 to $22.7M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Micronesia
Top DestinationThailand$143M

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

In 2022, countries that imported more from Philippines than Micronesia included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, no countries were registered that imported more from Micronesia than from Philippines.

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

Comparative Advantage Philippines - Micronesia

Flow
Scale

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

During 2022, Philippines had a large net trade with Micronesia in the exports of Foodstuffs ($2.25M), Transportation ($1.7M), and Machines ($366k).

During 2017, Micronesia had a large net trade with Philippines in the exports of Animal Products ($22.3M), Transportation ($340k), and Machines ($20.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Micronesia. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Micronesia. Similarly, a dot/product with the flag of Micronesia indicates it has a comparative advantage over Philippines.

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

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