2022
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GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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 GDP
$360BCURRENT US$
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2012-2022
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GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC
$48,984CURRENT US$
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2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
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About

Philippines-Hong Kong Trade: In 2022, Philippines exported $12.6B to Hong Kong. The main products that Philippines exported to Hong Kong were Integrated Circuits ($8.48B), Office Machine Parts ($894M), and Precious Metal Scraps ($654M). Over the past 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 2.16%, from $14.1B in 2017 to $12.6B in 2022.

In 2022, Philippines did not export any services to Hong Kong.

Hong Kong-Philippines Trade: In 2022, Hong Kong exported $3.28B to Philippines. The main products that Hong Kong exported to Philippines were Integrated Circuits ($688M), Office Machine Parts ($616M), and Special Purpose Ships ($195M). Over the past 5 years the exports of Hong Kong to Philippines have increased at an annualized rate of 0.93%,  from $3.08B in 2017 to $3.28B in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $12.6B to Hong Kong. The main products exported from Philippines to Hong Kong were Integrated Circuits ($8.48B), Office Machine Parts ($894M), and Precious Metal Scraps ($654M). During the last 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 2.16%, from $14.1B in 2017 to $12.6B in 2022.

In 2017, Hong Kong exported $3.28B to Philippines. The main products exported from Hong Kong to Philippines were Integrated Circuits ($688M), Office Machine Parts ($616M), and Special Purpose Ships ($195M). During the last 5 years the exports of Hong Kong to Philippines have increased at an annualized rate of 0.93%, from $3.08B in 2022 to $3.28B in 2017.

Exports from Philippines (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Philippines than Hong Kong included United States ($15.5B), Japan ($11.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Hong Kong than Philippines included India ($14.3B), China ($23.4B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Hong Kong

Flow
Scale

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

During 2022, Philippines had a large net trade with Hong Kong in the exports of Machines ($11.1B), Precious Metals ($1.14B), and Instruments ($77.9M).

During 2017, Hong Kong had a large net trade with Philippines in the exports of Machines ($2.49B), Transportation ($243M), and Instruments ($168M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Hong Kong+$1.48BIntegrated Circuits
Top Product Potential Hong Kong Philippines+$211MIntegrated Circuits

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

Product Space of Philippines (Flag) and Hong Kong (Flag) (2022)

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