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Pricing

2023
Flag → Flag
Exports $47.8MRnk 53 / 201
2023
Flag → Flag
Top Product $6.32MBananas
2023
Flag → Flag
Exports $389MRnk 23 / 159
2023
Flag → Flag
Top Product $191MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 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$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Philippines-Kuwait Trade: In 2023, Philippines exported $47.8M to Kuwait. The main products that Philippines exported to Kuwait were Bananas ($6.32M), Office Machine Parts ($4.71M), and Baked Goods ($2.92M). Over the past 5 years the exports of Philippines to Kuwait have decreased at an annualized rate of 9.1%, from $77.1M in 2018 to $47.8M in 2023.

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

Kuwait-Philippines Trade: In 2023, Kuwait exported $389M to Philippines. The main products that Kuwait exported to Philippines were Crude Petroleum ($191M), Refined Petroleum ($133M), and Petroleum Gas ($62.2M). Over the past 5 years the exports of Kuwait to Philippines have decreased at an annualized rate of 7.25%,  from $1.4B in 2018 to $389M in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $2.73M and imported $21.6k from Kuwait, resulting in a positive trade balance of $2.71M. Between July 2023 and July 2024 the exports of Philippines have increased by $760k (38.6%) from $1.97M to $2.73M, while imports increased by $19.8k (1.14k%) from $1.74k to $21.6k.

Trade In July 2024, the top exports of Philippines to Kuwait were Baked Goods ($258k), Bananas ($254k), Air Conditioners ($142k), Aircraft parts (gliders, balloons, and powered... ($84.1k), and Brochures ($78.5k). In July 2024 the top imports of Philippines from Kuwait were Crude Petroleum ($73.8M), Refined Petroleum ($32.1M), Telephones ($257), and Commodities not elsewhere specified ($78).

Growth In July 2024, the increase in Philippines's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Baked Goods ($93k or 56.3%), Tropical Fruits ($26k or 96.7%), and Brochures ($7.53k or 10.6%). In July 2024, the increase in Philippines's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$760k(38.6%)
IMPORT GROWTH (July 2023 - July 2024)$19.8k(1.14k%)

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 Kuwait and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $47.8M to Kuwait. The main products exported from Philippines to Kuwait were Bananas ($6.32M), Office Machine Parts ($4.71M), and Baked Goods ($2.92M). During the last 5 years the exports of Philippines to Kuwait have decreased at an annualized rate of 9.1%, from $77.1M in 2018 to $47.8M in 2023.

In 2018, Kuwait exported $389M to Philippines. The main products exported from Kuwait to Philippines were Crude Petroleum ($191M), Refined Petroleum ($133M), and Petroleum Gas ($62.2M). During the last 5 years the exports of Kuwait to Philippines have decreased at an annualized rate of 7.25%, from $1.4B in 2023 to $389M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Philippines than Kuwait included Hong Kong ($11.7B), United States ($13.3B), and Germany ($4.91B).

In 2023, countries that imported more from Kuwait than Philippines included India ($9.51B), Egypt ($2.78B), and Chinese Taipei ($4.74B).

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

Comparative Advantage Philippines - Kuwait

Flow
Scale

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

During 2023, Philippines had a large net trade with Kuwait in the exports of Machines ($11.7M), Foodstuffs ($10.3M), and Vegetable Products ($8.59M).

During 2018, Kuwait had a large net trade with Philippines in the exports of Mineral Products ($386M), Plastics and Rubbers ($901k), and Textiles ($887k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Kuwait+$5.7MComputers
Top Product Potential Kuwait Philippines+$1.56MIron Structures

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

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

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