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2023
Flag → Flag
Exports $24.5MRnk 71 / 201
2023
Flag → Flag
Top Product $9.27MMalt Extract
2023
Flag → Flag
Exports $14.7MRnk 68 / 200
2023
Flag → Flag
Top Product $3.37MBran
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 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$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Philippines-Sri Lanka Trade: In 2023, Philippines exported $24.5M to Sri Lanka. The main products that Philippines exported to Sri Lanka were Malt Extract ($9.27M), Activated Carbon ($4.04M), and Coconut Oil ($1.49M). Over the past 5 years the exports of Philippines to Sri Lanka have decreased at an annualized rate of 8.54%, from $38.3M in 2018 to $24.5M in 2023.

In 2023, Philippines did not export any services to Sri Lanka.

Sri Lanka-Philippines Trade: In 2023, Sri Lanka exported $14.7M to Philippines. The main products that Sri Lanka exported to Philippines were Bran ($3.37M), Rubber Tires ($1.91M), and Documents of title (bonds etc) and unused stamps ($1.69M). Over the past 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 14.9%,  from $32.9M in 2018 to $14.7M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $4.9M and imported $1.12M from Sri Lanka, resulting in a positive trade balance of $3.78M. Between July 2023 and July 2024 the exports of Philippines have increased by $4.46M (1k%) from $444k to $4.9M, while imports decreased by $-56.2k (-4.79%) from $1.17M to $1.12M.

Trade In July 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 July 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 July 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 (gliders, balloons, and powered... ($11.2k or 360%), and Stranded Iron Wire ($7.32k or 184%). In July 2024, the decrease in Philippines's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Rubber Tires ($-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 (July 2023 - July 2024)$4.46M(1k%)
IMPORT GROWTH (July 2023 - July 2024)$-56.2k(-4.79%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $24.5M to Sri Lanka. The main products exported from Philippines to Sri Lanka were Malt Extract ($9.27M), Activated Carbon ($4.04M), and Coconut Oil ($1.49M). During the last 5 years the exports of Philippines to Sri Lanka have decreased at an annualized rate of 8.54%, from $38.3M in 2018 to $24.5M in 2023.

In 2018, Sri Lanka exported $14.7M to Philippines. The main products exported from Sri Lanka to Philippines were Bran ($3.37M), Rubber Tires ($1.91M), and Documents of title (bonds etc) and unused stamps ($1.69M). During the last 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 14.9%, from $32.9M in 2023 to $14.7M in 2018.

Exports from Philippines (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Sri Lanka
Top DestinationUnited States$2.98B

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 2023, countries that imported more from Philippines than Sri Lanka included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Sri Lanka than Philippines included Italy ($653M), Maldives ($168M), and Bangladesh ($177M).

Difference in imports from Sri Lanka (Flag) and Philippines (Flag) (2023)

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 2023, Philippines had a large net trade with Sri Lanka in the exports of Foodstuffs ($10.5M), Chemical Products ($5.17M), and Machines ($3.51M).

During 2018, Sri Lanka had a large net trade with Philippines in the exports of Foodstuffs ($4.18M), Textiles ($2.88M), and Plastics and Rubbers ($2.77M).

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) (2023)

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