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Pricing

2023
Flag → Flag
Exports $411kRnk 151 / 201
2023
Flag → Flag
Top Product $290kPlastic Lids
2023
Flag → Flag
Exports $167Rnk 106 / 112
2023
Flag → Flag
Top Product $167Broadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 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$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Philippines-Liberia Trade: In 2023, Philippines exported $411k to Liberia. The main products that Philippines exported to Liberia were Plastic Lids ($290k), Other Heating Machinery ($62k), and Centrifuges ($17.2k). Over the past 5 years the exports of Philippines to Liberia have decreased at an annualized rate of 65.5%, from $84.6M in 2018 to $411k in 2023.

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

Liberia-Philippines Trade: In 2023, Liberia exported $167 to Philippines. The main products that Liberia exported to Philippines were Broadcasting Equipment ($167). Over the past 5 years the exports of Liberia to Philippines have decreased at an annualized rate of 78.2%,  from $32.9M in 2018 to $167 in 2023.

In 2023, Liberia 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, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $4.99k and imported $167 from Liberia, resulting in a positive trade balance of $4.82k. Between July 2023 and July 2024 the exports of Philippines have increased by $1.22k (32.5%) from $3.76k to $4.99k, while imports decreased by $-13.3k (-98.8%) from $13.5k to $167.

Trade In July 2024, the top exports of Philippines to Liberia were . In July 2024 the top imports of Philippines from Liberia were .

Growth In July 2024, the increase in Philippines's year-by-year exports to Liberia was explained primarily by an increase in product exports in . In September 2023, the decrease in Philippines's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.22k(32.5%)
IMPORT GROWTH (September 2022 - September 2023)$-13.3k(-98.8%)

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 Liberia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $411k to Liberia. The main products exported from Philippines to Liberia were Plastic Lids ($290k), Other Heating Machinery ($62k), and Centrifuges ($17.2k). During the last 5 years the exports of Philippines to Liberia have decreased at an annualized rate of 65.5%, from $84.6M in 2018 to $411k in 2023.

In 2018, Liberia exported $167 to Philippines. The main products exported from Liberia to Philippines were Broadcasting Equipment ($167). During the last 5 years the exports of Liberia to Philippines have decreased at an annualized rate of 78.2%, from $32.9M in 2023 to $167 in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Liberia
Top DestinationSwitzerland$708M

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

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

In 2023, countries that imported more from Liberia than Philippines included Lebanon ($105M), Tanzania ($38M), and Ghana ($27M).

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

Comparative Advantage Philippines - Liberia

Flow
Scale

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

During 2023, Philippines had a large net trade with Liberia in the exports of Plastics and Rubbers ($290k), Machines ($88.5k), and Textiles ($23.6k).

During 2018, Liberia had a large net trade with Philippines in the exports of Machines ($167).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Liberia+$3.45kPassenger and Cargo Ships
Top Product Potential Liberia Philippines+$4.66kRefined 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 Liberia. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Philippines.

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

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