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Pricing

2023
Flag → Flag
Exports $3.59MRnk 113 / 201
2023
Flag → Flag
Top Product $751kAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag → Flag
Exports $35MRnk 10 / 76
2023
Flag → Flag
Top Product $31.2MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 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$6,678CURRENT US$
Rnk 107 / 196
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Philippines-Marshall Islands Trade: In 2023, Philippines exported $3.59M to Marshall Islands. The main products that Philippines exported to Marshall Islands were Aircraft parts (gliders, balloons, and powered aircraft) ($751k), Baked Goods ($324k), and Planes, Helicopters, and/or Spacecraft ($323k). Over the past 5 years the exports of Philippines to Marshall Islands have decreased at an annualized rate of 48.4%, from $97.9M in 2018 to $3.59M in 2023.

In 2023, Philippines did not export any services to Marshall Islands.

Marshall Islands-Philippines Trade: In 2023, Marshall Islands exported $35M to Philippines. The main products that Marshall Islands exported to Philippines were Non-fillet Frozen Fish ($31.2M), Planes, Helicopters, and/or Spacecraft ($3.07M), and Fish Fillets ($603k). Over the past 5 years the exports of Marshall Islands to Philippines have increased at an annualized rate of 45.6%,  from $5.36M in 2018 to $35M in 2023.

In 2023, Marshall Islands 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, Marshall Islands ranked 164 in total exports ($917M), 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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $3.59M to Marshall Islands. The main products exported from Philippines to Marshall Islands were Aircraft parts (gliders, balloons, and powered aircraft) ($751k), Baked Goods ($324k), and Planes, Helicopters, and/or Spacecraft ($323k). During the last 5 years the exports of Philippines to Marshall Islands have decreased at an annualized rate of 48.4%, from $97.9M in 2018 to $3.59M in 2023.

In 2018, Marshall Islands exported $35M to Philippines. The main products exported from Marshall Islands to Philippines were Non-fillet Frozen Fish ($31.2M), Planes, Helicopters, and/or Spacecraft ($3.07M), and Fish Fillets ($603k). During the last 5 years the exports of Marshall Islands to Philippines have increased at an annualized rate of 45.6%, from $5.36M in 2023 to $35M in 2018.

Exports from Philippines (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Marshall Islands
Top DestinationUnited Kingdom$150M

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 2023, countries that imported more from Philippines than Marshall Islands included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Marshall Islands than Philippines included Ghana ($80.2M), Cyprus ($79.5M), and Tanzania ($68.2M).

Difference in imports from Marshall Islands (Flag) and Philippines (Flag) (2023)

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 2023, Philippines had a large net trade with Marshall Islands in the exports of Foodstuffs ($1.17M), Transportation ($1.08M), and Machines ($314k).

During 2018, Marshall Islands had a large net trade with Philippines in the exports of Animal Products ($31.8M), Transportation ($3.18M), and Machines ($67k).

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) (2023)

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