2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186

About

Philippines-Iraq Trade: In 2022, Philippines exported $4.05M to Iraq. The main products that Philippines exported to Iraq were Malt Extract ($1.55M), Coconuts, Brazil Nuts, and Cashews ($854k), and Building Stone ($577k). Over the past 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 32.3%, from $28.5M in 2017 to $4.05M in 2022.

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

Iraq-Philippines Trade: In 2022, Iraq exported $433M to Philippines. The main products that Iraq exported to Philippines were Crude Petroleum ($370M), Refined Petroleum ($53.2M), and Acyclic Hydrocarbons ($5.01M). Over the past 5 years the exports of Iraq to Philippines have increased at an annualized rate of 397%,  from $5.77k in 2017 to $433M in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $4.05M to Iraq. The main products exported from Philippines to Iraq were Malt Extract ($1.55M), Coconuts, Brazil Nuts, and Cashews ($854k), and Building Stone ($577k). During the last 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 32.3%, from $28.5M in 2017 to $4.05M in 2022.

In 2017, Iraq exported $433M to Philippines. The main products exported from Iraq to Philippines were Crude Petroleum ($370M), Refined Petroleum ($53.2M), and Acyclic Hydrocarbons ($5.01M). During the last 5 years the exports of Iraq to Philippines have increased at an annualized rate of 397%, from $5.77k in 2022 to $433M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Iraq
Top Destination
India$38.8B

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

In 2022, countries that imported more from Philippines than Iraq included Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Iraq than Philippines included India ($38.8B), China ($34B), and Greece ($6.27B).

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

Comparative Advantage Philippines - Iraq

Flow
Scale

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

During 2022, Philippines had a large net trade with Iraq in the exports of Foodstuffs ($1.55M), Vegetable Products ($1.31M), and Stone And Glass ($577k).

During 2017, Iraq had a large net trade with Philippines in the exports of Mineral Products ($427M), Chemical Products ($5.88M), and Machines ($26.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Iraq+$6.74kGold
Top Product Potential Iraq Philippines+$10.3kRefined 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 Iraq. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Philippines.

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

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