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Pricing

2022
Flag → Flag
Exports $20.5MRnk 74 / 205
2022
Flag → Flag
Top Product $9.69MOffice Machine Parts
2022
Flag → Flag
Exports $3.49MRnk 88 / 162
2022
Flag → Flag
Top Product $2.09MMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 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$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Philippines-Guatemala Trade: In 2022, Philippines exported $20.5M to Guatemala. The main products that Philippines exported to Guatemala were Office Machine Parts ($9.69M), Electrical Transformers ($2.29M), and Ink ($1.91M). Over the past 5 years the exports of Philippines to Guatemala have increased at an annualized rate of 49.2%, from $2.77M in 2017 to $20.5M in 2022.

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

Guatemala-Philippines Trade: In 2022, Guatemala exported $3.49M to Philippines. The main products that Guatemala exported to Philippines were Mixed Mineral or Chemical Fertilizers ($2.09M), Pesticides ($420k), and Confectionery Sugar ($404k). Over the past 5 years the exports of Guatemala to Philippines have increased at an annualized rate of 11.3%,  from $1.84M in 2017 to $3.49M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $268k and imported $696k from Guatemala, resulting in a negative trade balance of $428k. Between August 2023 and August 2024 the exports of Philippines have decreased by $-25.8k (-8.8%) from $293k to $268k, while imports decreased by $-1.77M (-71.8%) from $2.47M to $696k.

Trade In August 2024, the top exports of Philippines to Guatemala were Rubber Tires ($34.9k), Electric Batteries ($2k), Aircraft Parts ($1.8k), Toilet Paper ($1k), and Other Measuring Instruments ($1k). In August 2024 the top imports of Philippines from Guatemala were Mixed Mineral or Chemical Fertilizers ($114k), Knit T-shirts ($16.2k), Essential Oils ($161), and Non-Knit Men's Suits ($152).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Special Pharmaceuticals ($-95 or -19.2%). In August 2024, the decrease in Philippines's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-25.8k(-8.8%)
IMPORT GROWTH (August 2023 - August 2024)$-1.77M(-71.8%)

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 Guatemala and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $20.5M to Guatemala. The main products exported from Philippines to Guatemala were Office Machine Parts ($9.69M), Electrical Transformers ($2.29M), and Ink ($1.91M). During the last 5 years the exports of Philippines to Guatemala have increased at an annualized rate of 49.2%, from $2.77M in 2017 to $20.5M in 2022.

In 2017, Guatemala exported $3.49M to Philippines. The main products exported from Guatemala to Philippines were Mixed Mineral or Chemical Fertilizers ($2.09M), Pesticides ($420k), and Confectionery Sugar ($404k). During the last 5 years the exports of Guatemala to Philippines have increased at an annualized rate of 11.3%, from $1.84M in 2022 to $3.49M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Guatemala
Top DestinationUnited States$5.23B

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

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

In 2022, countries that imported more from Guatemala than Philippines included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

Comparative Advantage Philippines - Guatemala

Flow
Scale

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

During 2022, Philippines had a large net trade with Guatemala in the exports of Machines ($13.4M), Chemical Products ($2.12M), and Plastics and Rubbers ($944k).

During 2017, Guatemala had a large net trade with Philippines in the exports of Chemical Products ($2.51M), Foodstuffs ($426k), and Textiles ($176k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Guatemala+$2.75MIndustrial Printers
Top Product Potential Guatemala Philippines+$910kPesticides

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 Guatemala. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Philippines.

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

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