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Pricing

2023
Flag → Flag
Exports $1.51BRnk 18 / 201
2023
Flag → Flag
Top Product $272MSemiconductor Devices
2023
Flag → Flag
Exports $11.4BRnk 7 / 213
2023
Flag → Flag
Top Product $3.43BCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Philippines-Indonesia Trade: In 2023, Philippines exported $1.51B to Indonesia. The main products that Philippines exported to Indonesia were Semiconductor Devices ($272M), Integrated Circuits ($239M), and Refined Copper ($128M). Over the past 5 years the exports of Philippines to Indonesia have increased at an annualized rate of 7.29%, from $1.06B in 2018 to $1.51B in 2023.

In 2023, Philippines did not export any services to Indonesia.

Indonesia-Philippines Trade: In 2023, Indonesia exported $11.4B to Philippines. The main products that Indonesia exported to Philippines were Coal Briquettes ($3.43B), Cars ($2.14B), and Copper Ore ($658M). Over the past 5 years the exports of Indonesia to Philippines have increased at an annualized rate of 9.12%,  from $7.38B in 2018 to $11.4B in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $85.5M and imported $1.01B from Indonesia, resulting in a negative trade balance of $926M. Between July 2023 and July 2024 the exports of Philippines have increased by $29.9M (53.6%) from $55.7M to $85.5M, while imports increased by $146M (16.9%) from $865M to $1.01B.

Trade In July 2024, the top exports of Philippines to Indonesia were Refined Copper ($12.6M), Industrial Printers ($6.13M), Motor vehicles; parts and accessories (8701... ($3.6M), Propylene Polymers ($3.38M), and Processed Tobacco ($3.24M). In July 2024 the top imports of Philippines from Indonesia were Coal Briquettes ($488M), Cars ($164M), Motorcycles and cycles ($95.2M), Copper Ore ($83.5M), and Semi-Finished Iron ($58.4M).

Growth In July 2024, the increase in Philippines's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Processed Tobacco ($3.15M or 3.41k%), Industrial Printers ($2.29M or 59.8%), and Refined Copper ($1.92M or 17.9%). In July 2024, the increase in Philippines's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Coal Briquettes ($402M or 467%), Cars ($60.7M or 58.9%), and Semi-Finished Iron ($52M or 819%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$29.9M(53.6%)
IMPORT GROWTH (July 2023 - July 2024)$146M(16.9%)

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 Indonesia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $1.51B to Indonesia. The main products exported from Philippines to Indonesia were Semiconductor Devices ($272M), Integrated Circuits ($239M), and Refined Copper ($128M). During the last 5 years the exports of Philippines to Indonesia have increased at an annualized rate of 7.29%, from $1.06B in 2018 to $1.51B in 2023.

In 2018, Indonesia exported $11.4B to Philippines. The main products exported from Indonesia to Philippines were Coal Briquettes ($3.43B), Cars ($2.14B), and Copper Ore ($658M). During the last 5 years the exports of Indonesia to Philippines have increased at an annualized rate of 9.12%, from $7.38B in 2023 to $11.4B in 2018.

Exports from Philippines (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Philippines than Indonesia included Hong Kong ($11.7B), Mexico ($3.02B), and Germany ($4.91B).

In 2023, countries that imported more from Indonesia than Philippines included China ($70.7B), India ($24B), and United States ($27.9B).

Difference in imports from Indonesia (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Indonesia

Flow
Scale

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

During 2023, Philippines had a large net trade with Indonesia in the exports of Machines ($769M), Metals ($146M), and Chemical Products ($126M).

During 2018, Indonesia had a large net trade with Philippines in the exports of Mineral Products ($4.19B), Transportation ($3.13B), and Foodstuffs ($1.12B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Indonesia+$201MIntegrated Circuits
Top Product Potential Indonesia Philippines+$57.1MPalm Oil

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

Product Space of Philippines (Flag) and Indonesia (Flag) (2023)

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