NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $17.8MRnk 78 / 201
2023
Flag → Flag
Top Product $8.07MElectric Motors
2023
Flag → Flag
Exports $225MRnk 31 / 196
2023
Flag → Flag
Top Product $200MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 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$27,786CURRENT US$
Rnk 49 / 196
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Philippines-Lithuania Trade: In 2023, Philippines exported $17.8M to Lithuania. The main products that Philippines exported to Lithuania were Electric Motors ($8.07M), Vegetable Saps ($2.34M), and Integrated Circuits ($1.39M). Over the past 5 years the exports of Philippines to Lithuania have increased at an annualized rate of 26.2%, from $5.55M in 2018 to $17.8M in 2023.

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

Lithuania-Philippines Trade: In 2023, Lithuania exported $225M to Philippines. The main products that Lithuania exported to Philippines were Planes, Helicopters, and/or Spacecraft ($200M), Vaccines, blood, antisera, toxins and cultures ($9.03M), and Wadding ($6.12M). Over the past 5 years the exports of Lithuania to Philippines have increased at an annualized rate of 86.2%,  from $10M in 2018 to $225M in 2023.

In 2020, Lithuania exported services to Philippines worth $6.28M, with Travel ($5.94M) and Other business services ($343k) being the largest in terms of value.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $382k and imported $886k from Lithuania, resulting in a negative trade balance of $504k. Between July 2023 and July 2024 the exports of Philippines have decreased by $-20.6k (-5.12%) from $403k to $382k, while imports decreased by $-438k (-33.1%) from $1.32M to $886k.

Trade In July 2024, the top exports of Philippines to Lithuania were Bi-Wheel Vehicle Parts ($1.5M), Vegetable Saps ($258k), Integrated Circuits ($87.9k), and Processed Fish ($40k). In July 2024 the top imports of Philippines from Lithuania were Wadding ($242k), Other Sugars ($165k), Animal Food ($69.9k), Cheese ($52.8k), and Other Furniture ($28.6k).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Integrated Circuits ($-254k or -74.3%) and Processed Fish ($-31.2k or -43.9%). In July 2024, the decrease in Philippines's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Other Sugars ($-131k or -44.2%), Navigation Equipment ($-23.3k or -73.1%), and Other Furniture ($-13.6k or -32.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-20.6k(-5.12%)
IMPORT GROWTH (July 2023 - July 2024)$-438k(-33.1%)

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 Lithuania and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lithuania and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $17.8M to Lithuania. The main products exported from Philippines to Lithuania were Electric Motors ($8.07M), Vegetable Saps ($2.34M), and Integrated Circuits ($1.39M). During the last 5 years the exports of Philippines to Lithuania have increased at an annualized rate of 26.2%, from $5.55M in 2018 to $17.8M in 2023.

In 2018, Lithuania exported $225M to Philippines. The main products exported from Lithuania to Philippines were Planes, Helicopters, and/or Spacecraft ($200M), Vaccines, blood, antisera, toxins and cultures ($9.03M), and Wadding ($6.12M). During the last 5 years the exports of Lithuania to Philippines have increased at an annualized rate of 86.2%, from $10M in 2023 to $225M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Lithuania
Top DestinationLatvia$4.44B

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

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

In 2023, countries that imported more from Lithuania than Philippines included Latvia ($4.44B), Poland ($3.37B), and Russia ($2.32B).

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

Comparative Advantage Philippines - Lithuania

Flow
Scale

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

During 2023, Philippines had a large net trade with Lithuania in the exports of Machines ($11.2M), Vegetable Products ($2.59M), and Transportation ($1.39M).

During 2018, Lithuania had a large net trade with Philippines in the exports of Transportation ($201M), Chemical Products ($10.4M), and Textiles ($6.27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Lithuania+$5.67MIntegrated Circuits
Top Product Potential Lithuania Philippines+$1.73MAnimal Food

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Lithuania exported services to Philippines worth $6.28M, with Travel ($5.94M) and Other business services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Lithuania (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Lithuania. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Philippines.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms