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2022
Flag → Flag
Exports $4.52BRnk 7 / 205
2022
Flag → Flag
Top Product $3.42BGold
2022
Flag → Flag
Exports $789MRnk 54 / 224
2022
Flag → Flag
Top Product $229MSemiconductor Devices
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Philippines-United Kingdom Trade: In 2022, Philippines exported $4.52B to United Kingdom. The main products that Philippines exported to United Kingdom were Gold ($3.42B), Office Machine Parts ($163M), and Integrated Circuits ($157M). Over the past 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 42%, from $782M in 2017 to $4.52B in 2022.

In 2022, Philippines did not export any services to United Kingdom.

United Kingdom-Philippines Trade: In 2022, United Kingdom exported $789M to Philippines. The main products that United Kingdom exported to Philippines were Semiconductor Devices ($229M), Gas Turbines ($43.5M), and Packaged Medicaments ($37.3M). Over the past 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 2.4%,  from $700M in 2017 to $789M in 2022.

In 2019, United Kingdom exported services to Philippines worth $386M, with Other business services ($163M), Travel ($105M), and Royalties and license fees ($44.7M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $59.7M and imported $51.3M from United Kingdom, resulting in a positive trade balance of $8.4M. Between August 2023 and August 2024 the exports of Philippines have increased by $13.6M (29.6%) from $46.1M to $59.7M, while imports decreased by $-12.2M (-19.2%) from $63.5M to $51.3M.

Trade In August 2024, the top exports of Philippines to United Kingdom were Telephones ($9.51M), Recovered Paper Pulp ($4.09M), Commodities not elsewhere specified ($3.67M), Processed Fish ($3.3M), and Integrated Circuits ($2.38M). In August 2024 the top imports of Philippines from United Kingdom were Semiconductor Devices ($13.9M), Integrated Circuits ($11.5M), Telephones ($6.05M), Packaged Medicaments ($3.31M), and Cars ($2.85M).

Growth In August 2024, the increase in Philippines's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Telephones ($8.88M or 1.41k%), Electric Heaters ($1.78M or 79.6k%), and Other Processed Fruits and Nuts ($650k or 75%). In August 2024, the decrease in Philippines's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Packaged Medicaments ($-4.28M or -56.4%), Aircraft Parts ($-994k or -60%), and Other Coloring Matter ($-926k or -98.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$13.6M(29.6%)
IMPORT GROWTH (August 2023 - August 2024)$-12.2M(-19.2%)

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 United Kingdom and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $4.52B to United Kingdom. The main products exported from Philippines to United Kingdom were Gold ($3.42B), Office Machine Parts ($163M), and Integrated Circuits ($157M). During the last 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 42%, from $782M in 2017 to $4.52B in 2022.

In 2017, United Kingdom exported $789M to Philippines. The main products exported from United Kingdom to Philippines were Semiconductor Devices ($229M), Gas Turbines ($43.5M), and Packaged Medicaments ($37.3M). During the last 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 2.4%, from $700M in 2022 to $789M in 2017.

Exports from Philippines (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Philippines than United Kingdom included Japan ($11.3B), Hong Kong ($12.6B), and Thailand ($3.79B).

In 2022, countries that imported more from United Kingdom than Philippines included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - United Kingdom

Flow
Scale

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

During 2022, Philippines had a large net trade with United Kingdom in the exports of Precious Metals ($3.42B), Machines ($669M), and Foodstuffs ($95.1M).

During 2017, United Kingdom had a large net trade with Philippines in the exports of Machines ($375M), Chemical Products ($114M), and Animal Products ($92.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines United Kingdom+$139MIntegrated Circuits
Top Product Potential United Kingdom Philippines+$37.2MCars

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 2019, United Kingdom exported services to Philippines worth $386M, with Other business services ($163M), Travel ($105M), and Royalties and license fees ($44.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Philippines (Flag) (N/A)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and United Kingdom (Flag) (2022)

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