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2022
Flag → Flag
Exports $3.01MRnk 119 / 205
2022
Flag → Flag
Top Product $780kAircraft Parts
2022
Flag → Flag
Exports $2.96MRnk 21 / 80
2022
Flag → Flag
Top Product $2.61MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 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$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

Philippines-Marshall Islands Trade: In 2022, Philippines exported $3.01M to Marshall Islands. The main products that Philippines exported to Marshall Islands were Aircraft Parts ($780k), Baked Goods ($244k), and Frozen Fruits and Nuts ($227k). Over the past 5 years the exports of Philippines to Marshall Islands have increased at an annualized rate of 3.43%, from $2.55M in 2017 to $3.01M in 2022.

In 2022, Philippines did not export any services to Marshall Islands.

Marshall Islands-Philippines Trade: In 2022, Marshall Islands exported $2.96M to Philippines. The main products that Marshall Islands exported to Philippines were Non-fillet Frozen Fish ($2.61M), Fish Fillets ($342k), and Other Measuring Instruments ($2.63k). Over the past 5 years the exports of Marshall Islands to Philippines have decreased at an annualized rate of 0.4%,  from $3.02M in 2017 to $2.96M in 2022.

In 2022, Marshall Islands 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, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $324k and imported $755k from Marshall Islands, resulting in a negative trade balance of $432k. Between July 2023 and July 2024 the exports of Philippines have increased by $224k (223%) from $100k to $324k, while imports increased by $721k (2.08k%) from $34.7k to $755k.

Trade In July 2024, the top exports of Philippines to Marshall Islands were Other Furniture ($108k), Baked Goods ($43k), Fruit Juice ($21.2k), Sauces and Seasonings ($20.6k), and Flavored Water ($5.27k). In July 2024 the top imports of Philippines from Marshall Islands were Non-fillet Frozen Fish ($1.13M) and Fish Fillets ($33.2k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Other Furniture ($105k or 3.5k%), Baked Goods ($20.5k or 91.3%), and Sauces and Seasonings ($20k or 3.02k%). In July 2024, the increase in Philippines's year-by-year imports  from Marshall Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$224k(223%)
IMPORT GROWTH (July 2023 - July 2024)$721k(2.08k%)

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 Marshall Islands and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Marshall Islands and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $3.01M to Marshall Islands. The main products exported from Philippines to Marshall Islands were Aircraft Parts ($780k), Baked Goods ($244k), and Frozen Fruits and Nuts ($227k). During the last 5 years the exports of Philippines to Marshall Islands have increased at an annualized rate of 3.43%, from $2.55M in 2017 to $3.01M in 2022.

In 2017, Marshall Islands exported $2.96M to Philippines. The main products exported from Marshall Islands to Philippines were Non-fillet Frozen Fish ($2.61M), Fish Fillets ($342k), and Other Measuring Instruments ($2.63k). During the last 5 years the exports of Marshall Islands to Philippines have decreased at an annualized rate of 0.4%, from $3.02M in 2022 to $2.96M in 2017.

Exports from Philippines (Flag) to Marshall Islands (Flag) (2022)

Exports from Marshall Islands (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Marshall Islands
Top DestinationGermany$327M

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

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

In 2022, countries that imported more from Marshall Islands than Philippines included Tanzania ($41M), Denmark ($159M), and Malta ($66.2M).

Difference in imports from Marshall Islands (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Marshall Islands

Flow
Scale

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

During 2022, Philippines had a large net trade with Marshall Islands in the exports of Foodstuffs ($1.1M), Transportation ($781k), and Vegetable Products ($227k).

During 2017, Marshall Islands had a large net trade with Philippines in the exports of Animal Products ($2.95M), Instruments ($3.22k), and Metals ($458).

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and Marshall Islands (Flag) (2022)

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