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Pricing

2023
Flag → Flag
Exports $37.7MRnk 58 / 201
2023
Flag → Flag
Top Product $28.6MBananas
2023
Flag → Flag
Exports $368kRnk 91 / 130
2023
Flag → Flag
Top Product $92.3kOther Nuts
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Philippines-Iran Trade: In 2023, Philippines exported $37.7M to Iran. The main products that Philippines exported to Iran were Bananas ($28.6M), Tropical Fruits ($6.31M), and Vegetable Saps ($1.62M). Over the past 5 years the exports of Philippines to Iran have decreased at an annualized rate of 22.2%, from $132M in 2018 to $37.7M in 2023.

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

Iran-Philippines Trade: In 2023, Iran exported $368k to Philippines. The main products that Iran exported to Philippines were Other Nuts ($92.3k), Packaged Medicaments ($87.4k), and Hand-Woven Rugs ($31.6k). Over the past 5 years the exports of Iran to Philippines have decreased at an annualized rate of 55.6%,  from $21.4M in 2018 to $368k in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $2.66M and imported $556 from Iran, resulting in a positive trade balance of $2.66M. Between July 2023 and July 2024 the exports of Philippines have increased by $608k (29.6%) from $2.06M to $2.66M, while imports decreased by $-31.5k (-98.3%) from $32k to $556.

Trade In July 2024, the top exports of Philippines to Iran were Bananas ($645k), Tropical Fruits ($525k), and Vegetable Saps ($1.7k). In July 2024 the top imports of Philippines from Iran were Vegetable Saps ($32.6k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Iran was explained primarily by an increase in product exports in Tropical Fruits ($45.7k or 9.52%). In July 2024, the decrease in Philippines's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$608k(29.6%)
IMPORT GROWTH (July 2023 - July 2024)$-31.5k(-98.3%)

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 Iran and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $37.7M to Iran. The main products exported from Philippines to Iran were Bananas ($28.6M), Tropical Fruits ($6.31M), and Vegetable Saps ($1.62M). During the last 5 years the exports of Philippines to Iran have decreased at an annualized rate of 22.2%, from $132M in 2018 to $37.7M in 2023.

In 2018, Iran exported $368k to Philippines. The main products exported from Iran to Philippines were Other Nuts ($92.3k), Packaged Medicaments ($87.4k), and Hand-Woven Rugs ($31.6k). During the last 5 years the exports of Iran to Philippines have decreased at an annualized rate of 55.6%, from $21.4M in 2023 to $368k in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Philippines than Iran included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Iran than Philippines included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

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

Comparative Advantage Philippines - Iran

Flow
Scale

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

During 2023, Philippines had a large net trade with Iran in the exports of Vegetable Products ($36.5M), Metals ($786k), and Animal and Vegetable Bi-Products ($242k).

During 2018, Iran had a large net trade with Philippines in the exports of Vegetable Products ($172k), Chemical Products ($102k), and Textiles ($37.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Iran+$6.7kIntegrated Circuits
Top Product Potential Iran Philippines+$5.32kRefined Petroleum

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

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

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