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2022
Flag → Flag
Exports $33MRnk 62 / 205
2022
Flag → Flag
Top Product $12.3MMalt Extract
2022
Flag → Flag
Exports $13MRnk 73 / 194
2022
Flag → Flag
Top Product $2.76MRubber Tires
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Philippines-Sri Lanka Trade: In 2022, Philippines exported $33M to Sri Lanka. The main products that Philippines exported to Sri Lanka were Malt Extract ($12.3M), Activated Carbon ($8.53M), and Saturated Acyclic Monocarboxylic Acids ($2.48M). Over the past 5 years the exports of Philippines to Sri Lanka have increased at an annualized rate of 0.8%, from $31.7M in 2017 to $33M in 2022.

In 2022, Philippines did not export any services to Sri Lanka.

Sri Lanka-Philippines Trade: In 2022, Sri Lanka exported $13M to Philippines. The main products that Sri Lanka exported to Philippines were Rubber Tires ($2.76M), Tea ($1.76M), and Non-Knit Women's Suits ($899k). Over the past 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 19.5%,  from $38.5M in 2017 to $13M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $2.91M and imported $598k from Sri Lanka, resulting in a positive trade balance of $2.31M. Between September 2023 and September 2024 the exports of Philippines have increased by $1.29M (79.1%) from $1.63M to $2.91M, while imports decreased by $-416k (-41.1%) from $1.01M to $598k.

Trade In September 2024, the top exports of Philippines to Sri Lanka were Malt Extract ($637k), Packaged Medicaments ($213k), Activated Carbon ($85.3k), Rubber Tires ($30.5k), and Optical Fibers and optical fibre bundles ($28.4k). In September 2024 the top imports of Philippines from Sri Lanka were Bran ($430k), Non-Knit Women's Suits ($117k), Non-Knit Women's Shirts ($73.5k), Tea ($42.4k), and Non-Knit Men's Suits ($38.2k).

Growth In September 2024, the increase in Philippines's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Packaged Medicaments ($197k or 1.22k%), Aircraft Parts ($11.2k or 360%), and Stranded Iron Wire ($7.32k or 184%). In September 2024, the decrease in Philippines's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Rubber Tires ($-78.6k or -74.7%), Used Rubber Tires ($-69.2k or -76.3%), and Knit T-shirts ($-21k or -51.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$1.29M(79.1%)
IMPORT GROWTH (September 2023 - September 2024)$-416k(-41.1%)

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 Sri Lanka and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $33M to Sri Lanka. The main products exported from Philippines to Sri Lanka were Malt Extract ($12.3M), Activated Carbon ($8.53M), and Saturated Acyclic Monocarboxylic Acids ($2.48M). During the last 5 years the exports of Philippines to Sri Lanka have increased at an annualized rate of 0.8%, from $31.7M in 2017 to $33M in 2022.

In 2017, Sri Lanka exported $13M to Philippines. The main products exported from Sri Lanka to Philippines were Rubber Tires ($2.76M), Tea ($1.76M), and Non-Knit Women's Suits ($899k). During the last 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 19.5%, from $38.5M in 2022 to $13M in 2017.

Exports from Philippines (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Philippines than Sri Lanka included China ($15.3B), Hong Kong ($12.6B), and United States ($15.5B).

In 2022, countries that imported more from Sri Lanka than Philippines included Italy ($662M), Bangladesh ($225M), and Iraq ($164M).

Difference in imports from Sri Lanka (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Sri Lanka

Flow
Scale

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

During 2022, Philippines had a large net trade with Sri Lanka in the exports of Foodstuffs ($13.4M), Chemical Products ($11.7M), and Machines ($1.89M).

During 2017, Sri Lanka had a large net trade with Philippines in the exports of Plastics and Rubbers ($3.44M), Textiles ($3.23M), and Vegetable Products ($1.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Sri Lanka+$5.4kGold
Top Product Potential Sri Lanka Philippines+$4.08kKnit Women's Suits

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

Product Space of Philippines (Flag) and Sri Lanka (Flag) (2022)

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