2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH
30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH
23.7%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.

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 Destination
United States$15.5B
Micronesia
Top Destination
Thailand$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)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with