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2022
Flag → Flag
Exports $2.69BRnk 13 / 205
2022
Flag → Flag
Top Product $777MOffice Machine Parts
2022
Flag → Flag
Exports $252MRnk 47 / 156
2022
Flag → Flag
Top Product $39.2MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 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$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Philippines-Mexico Trade: In 2022, Philippines exported $2.69B to Mexico. The main products that Philippines exported to Mexico were Office Machine Parts ($777M), Integrated Circuits ($717M), and Blank Audio Media ($373M). Over the past 5 years the exports of Philippines to Mexico have increased at an annualized rate of 12.1%, from $1.52B in 2017 to $2.69B in 2022.

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

Mexico-Philippines Trade: In 2022, Mexico exported $252M to Philippines. The main products that Mexico exported to Philippines were Copper Ore ($39.2M), Self-Propelled Rail Transport ($30.8M), and Telephones ($17.3M). Over the past 5 years the exports of Mexico to Philippines have increased at an annualized rate of 8.64%,  from $167M in 2017 to $252M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $77.8M and imported $64.9M from Mexico, resulting in a positive trade balance of $12.9M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-7.04M (-8.3%) from $84.8M to $77.8M, while imports increased by $46.5M (254%) from $18.3M to $64.9M.

Trade In August 2024, the top exports of Philippines to Mexico were Integrated Circuits ($19.4M), Industrial Printers ($8.85M), Electrical Transformers ($4.81M), Semiconductor Devices ($3.96M), and Commodities not elsewhere specified ($2.66M). In August 2024 the top imports of Philippines from Mexico were Copper Ore ($24.4M), Computers ($3.91M), Cars ($3.11M), Other Coloring Matter ($2.69M), and Telephones ($2.07M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Integrated Circuits ($-3.8M or -16.4%), Computers ($-3.74M or -75.2%), and Commodities not elsewhere specified ($-3.11M or -53.9%). In August 2024, the increase in Philippines's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Computers ($3.16M or 425%), Cars ($2.04M or 191%), and Low-voltage Protection Equipment ($1.2M or 327%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-7.04M(-8.3%)
IMPORT GROWTH (August 2023 - August 2024)$46.5M(254%)

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 Mexico and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $2.69B to Mexico. The main products exported from Philippines to Mexico were Office Machine Parts ($777M), Integrated Circuits ($717M), and Blank Audio Media ($373M). During the last 5 years the exports of Philippines to Mexico have increased at an annualized rate of 12.1%, from $1.52B in 2017 to $2.69B in 2022.

In 2017, Mexico exported $252M to Philippines. The main products exported from Mexico to Philippines were Copper Ore ($39.2M), Self-Propelled Rail Transport ($30.8M), and Telephones ($17.3M). During the last 5 years the exports of Mexico to Philippines have increased at an annualized rate of 8.64%, from $167M in 2022 to $252M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Philippines than Mexico included Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Mexico than Philippines included United States ($421B), Canada ($22.2B), and Spain ($5.41B).

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

Comparative Advantage Philippines - Mexico

Flow
Scale

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

During 2022, Philippines had a large net trade with Mexico in the exports of Machines ($2.54B), Instruments ($51.2M), and Animal Hides ($15.8M).

During 2017, Mexico had a large net trade with Philippines in the exports of Machines ($87M), Transportation ($43.3M), and Mineral Products ($41.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Mexico+$494MIntegrated Circuits
Top Product Potential Mexico Philippines+$16.3MInsulated Wire

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

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

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