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Pricing

2023
Flag → Flag
Exports $4.06MRnk 108 / 201
2023
Flag → Flag
Top Product $1.75MMalt Extract
2023
Flag → Flag
Exports $385MRnk 17 / 100
2023
Flag → Flag
Top Product $383MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 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$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

Philippines-Iraq Trade: In 2023, Philippines exported $4.06M to Iraq. The main products that Philippines exported to Iraq were Malt Extract ($1.75M), Bananas ($709k), and Other Office Machines ($275k). Over the past 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 32.9%, from $29.8M in 2018 to $4.06M in 2023.

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

Iraq-Philippines Trade: In 2023, Iraq exported $385M to Philippines. The main products that Iraq exported to Philippines were Crude Petroleum ($383M), Petroleum Gas ($2.59M), and Non-Knit Men's Shirts ($169). Over the past 5 years the exports of Iraq to Philippines have increased at an annualized rate of 110%,  from $9.33M in 2018 to $385M in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $633k and imported $16.2k from Iraq, resulting in a positive trade balance of $617k. Between July 2023 and July 2024 the exports of Philippines have increased by $355k (128%) from $278k to $633k, while imports increased by $16.1k (23.3k%) from $69 to $16.2k.

Trade In July 2024, the top exports of Philippines to Iraq were Malt Extract ($169k), Rubber Tires ($89.6k), Bananas ($88.2k), Building Stone ($78.4k), and Special Pharmaceuticals ($308). In July 2024 the top imports of Philippines from Iraq were .

Growth In July 2024, the increase in Philippines's year-by-year exports to Iraq was explained primarily by an increase in product exports in Malt Extract ($103k or 157%). In July 2024, the increase in Philippines's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$355k(128%)
IMPORT GROWTH (July 2023 - July 2024)$16.1k(23.3k%)

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 Iraq and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $4.06M to Iraq. The main products exported from Philippines to Iraq were Malt Extract ($1.75M), Bananas ($709k), and Other Office Machines ($275k). During the last 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 32.9%, from $29.8M in 2018 to $4.06M in 2023.

In 2018, Iraq exported $385M to Philippines. The main products exported from Iraq to Philippines were Crude Petroleum ($383M), Petroleum Gas ($2.59M), and Non-Knit Men's Shirts ($169). During the last 5 years the exports of Iraq to Philippines have increased at an annualized rate of 110%, from $9.33M in 2023 to $385M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Iraq
Top DestinationChina$35.5B

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 2023, countries that imported more from Philippines than Iraq included Hong Kong ($11.7B), Japan ($11.4B), and United States ($13.3B).

In 2023, countries that imported more from Iraq than Philippines included India ($29.8B), China ($35.5B), and Greece ($5.68B).

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

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 2023, Philippines had a large net trade with Iraq in the exports of Foodstuffs ($1.77M), Vegetable Products ($990k), and Machines ($418k).

During 2018, Iraq had a large net trade with Philippines in the exports of Mineral Products ($385M), Machines ($382), and Textiles ($379).

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) (2023)

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