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2022
Flag → Flag
Exports $7.56MRnk 89 / 205
2022
Flag → Flag
Top Product $3.05MImitation Jewellery
2022
Flag → Flag
Exports $14.8MRnk 60 / 196
2022
Flag → Flag
Top Product $4.24MExplosive Ammunition
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH37.6%CURRENT US$
Rnk 87 / 186
2022
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GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 108 / 186

About

Philippines-Luxembourg Trade: In 2022, Philippines exported $7.56M to Luxembourg. The main products that Philippines exported to Luxembourg were Imitation Jewellery ($3.05M), Integrated Circuits ($1.05M), and Hard Liquor ($643k). Over the past 5 years the exports of Philippines to Luxembourg have decreased at an annualized rate of 2.34%, from $8.5M in 2017 to $7.56M in 2022.

In 2022, Philippines did not export any services to Luxembourg.

Luxembourg-Philippines Trade: In 2022, Luxembourg exported $14.8M to Philippines. The main products that Luxembourg exported to Philippines were Explosive Ammunition ($4.24M), Refrigerators ($2.4M), and Metal Molds ($1.94M). Over the past 5 years the exports of Luxembourg to Philippines have increased at an annualized rate of 11.8%,  from $8.47M in 2017 to $14.8M in 2022.

In 2020, Luxembourg exported services to Philippines worth $40M, with Other business services ($38.8M) and Transportation ($1.14M) being the largest in terms of value.

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Philippines exported $1.13M and imported $399k from Luxembourg, resulting in a positive trade balance of $732k. Between October 2023 and October 2024 the exports of Philippines have increased by $767k (211%) from $363k to $1.13M, while imports increased by $289k (264%) from $110k to $399k.

Trade In October 2024, the top exports of Philippines to Luxembourg were Imitation Jewellery ($595k), Integrated Circuits ($296k), Trunks and Cases ($57.5k), Medical Instruments ($19k), and Non-Knit Active Wear ($5.11k). In October 2024 the top imports of Philippines from Luxembourg were Glass Beads ($27.4k), Other Measuring Instruments ($22.1k), Machinery Having Individual Functions ($7.87k), Rubberworking Machinery ($3.58k), and Imitation Jewellery ($2.97k).

Growth In October 2024, the increase in Philippines's year-by-year exports to Luxembourg was explained primarily by an increase in product exports in Imitation Jewellery ($361k or 154%), Trunks and Cases ($56.5k or 5.47k%), and Aircraft parts (gliders, balloons, and powered... ($3.98k or 405%). In October 2024, the increase in Philippines's year-by-year imports  from Luxembourg was explained primarily by an increase in product imports  in Other Measuring Instruments ($18.1k or 461%), Machinery Having Individual Functions ($7.84k or 29k%), and Gaskets ($537 or 92.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$767k(211%)
IMPORT GROWTH (October 2023 - October 2024)$289k(264%)

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 Luxembourg and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Luxembourg and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $7.56M to Luxembourg. The main products exported from Philippines to Luxembourg were Imitation Jewellery ($3.05M), Integrated Circuits ($1.05M), and Hard Liquor ($643k). During the last 5 years the exports of Philippines to Luxembourg have decreased at an annualized rate of 2.34%, from $8.5M in 2017 to $7.56M in 2022.

In 2017, Luxembourg exported $14.8M to Philippines. The main products exported from Luxembourg to Philippines were Explosive Ammunition ($4.24M), Refrigerators ($2.4M), and Metal Molds ($1.94M). During the last 5 years the exports of Luxembourg to Philippines have increased at an annualized rate of 11.8%, from $8.47M in 2022 to $14.8M in 2017.

Exports from Philippines (Flag) to Luxembourg (Flag) (2022)

Exports from Luxembourg (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Luxembourg
Top DestinationGermany$4.15B

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

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

In 2022, countries that imported more from Luxembourg than Philippines included France ($3.07B), Belgium ($2.09B), and Italy ($883M).

Difference in imports from Luxembourg (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Luxembourg

Flow
Scale

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

During 2022, Philippines had a large net trade with Luxembourg in the exports of Precious Metals ($3.07M), Machines ($2.27M), and Foodstuffs ($775k).

During 2017, Luxembourg had a large net trade with Philippines in the exports of Machines ($7.5M), Weapons ($4.24M), and Chemical Products ($752k).

Bilateral Service Trade

In 2020, Luxembourg exported services to Philippines worth $40M, with Other business services ($38.8M) and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Luxembourg (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 Luxembourg. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Luxembourg. Similarly, a dot/product with the flag of Luxembourg indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Luxembourg (Flag) (2022)

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