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2023
Flag → Flag
Exports $11.7BRnk 3 / 201
2023
Flag → Flag
Top Product $7.33BIntegrated Circuits
2023
Flag → Flag
Exports $2.3BRnk 16 / 198
2023
Flag → Flag
Top Product $501MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Philippines-Hong Kong Trade: In 2023, Philippines exported $11.7B to Hong Kong. The main products that Philippines exported to Hong Kong were Integrated Circuits ($7.33B), Precious Metal Scraps ($939M), and Office Machine Parts ($673M). Over the past 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 6.44%, from $16.3B in 2018 to $11.7B in 2023.

In 2023, Philippines did not export any services to Hong Kong.

Hong Kong-Philippines Trade: In 2023, Hong Kong exported $2.3B to Philippines. The main products that Hong Kong exported to Philippines were Integrated Circuits ($501M), Office Machine Parts ($397M), and Broadcasting Equipment ($155M). Over the past 5 years the exports of Hong Kong to Philippines have decreased at an annualized rate of 7.07%,  from $3.31B in 2018 to $2.3B in 2023.

In 2023, Hong Kong did not export any services to Philippines.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $745M and imported $198M from Hong Kong, resulting in a positive trade balance of $546M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-57.5M (-7.16%) from $802M to $745M, while imports increased by $37.4M (23.2%) from $161M to $198M.

Trade In July 2024, the top exports of Philippines to Hong Kong were Integrated Circuits ($314M), Commodities not elsewhere specified ($84.8M), Gold ($35.3M), Semiconductor Devices ($25.1M), and Computers ($21.7M). In July 2024 the top imports of Philippines from Hong Kong were Integrated Circuits ($68.9M), Office Machine Parts ($49.7M), Commodities not elsewhere specified ($40.9M), Printed Circuit Boards ($9.46M), and Industrial Printers ($6.88M).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Integrated Circuits ($-179M or -36.4%), Semiconductor Devices ($-7.6M or -23.2%), and Electrical Transformers ($-5.57M or -57.1%). In July 2024, the increase in Philippines's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Integrated Circuits ($19.7M or 40%), Base Metal Watches ($1.71M or 559%), and Blank Audio Media ($1.5M or 98.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-57.5M(-7.16%)
IMPORT GROWTH (July 2023 - July 2024)$37.4M(23.2%)

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 Hong Kong and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $11.7B to Hong Kong. The main products exported from Philippines to Hong Kong were Integrated Circuits ($7.33B), Precious Metal Scraps ($939M), and Office Machine Parts ($673M). During the last 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 6.44%, from $16.3B in 2018 to $11.7B in 2023.

In 2018, Hong Kong exported $2.3B to Philippines. The main products exported from Hong Kong to Philippines were Integrated Circuits ($501M), Office Machine Parts ($397M), and Broadcasting Equipment ($155M). During the last 5 years the exports of Hong Kong to Philippines have decreased at an annualized rate of 7.07%, from $3.31B in 2023 to $2.3B in 2018.

Exports from Philippines (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Hong Kong
Top DestinationChina$25.3B

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 2023, countries that imported more from Philippines than Hong Kong included United States ($13.3B), Japan ($11.4B), and Germany ($4.91B).

In 2023, countries that imported more from Hong Kong than Philippines included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Philippines (Flag) (2023)

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 2023, Philippines had a large net trade with Hong Kong in the exports of Machines ($9.87B), Precious Metals ($1.46B), and Instruments ($77.4M).

During 2018, Hong Kong had a large net trade with Philippines in the exports of Machines ($1.83B), Instruments ($146M), and Textiles ($64.7M).

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) (2023)

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