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Pricing

2022
Flag → Flag
Exports $6.49MRnk 94 / 205
2022
Flag → Flag
Top Product $1.11MOffice Machine Parts
2022
Flag → Flag
Exports $420kRnk 45 / 113
2022
Flag → Flag
Top Product $417kGlass Fibers
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 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$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Philippines-Mongolia Trade: In 2022, Philippines exported $6.49M to Mongolia. The main products that Philippines exported to Mongolia were Office Machine Parts ($1.11M), Baked Goods ($613k), and Bananas ($567k). Over the past 5 years the exports of Philippines to Mongolia have decreased at an annualized rate of 1.17%, from $6.88M in 2017 to $6.49M in 2022.

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

Mongolia-Philippines Trade: In 2022, Mongolia exported $420k to Philippines. The main products that Mongolia exported to Philippines were Glass Fibers ($417k), Hydrometers ($1.98k), and String Instruments ($341). Over the past 5 years the exports of Mongolia to Philippines have increased at an annualized rate of 130%,  from $6.56k in 2017 to $420k in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $95.1k and imported $10.5k from Mongolia, resulting in a positive trade balance of $84.6k. Between September 2023 and September 2024 the exports of Philippines have decreased by $-26k (-21.5%) from $121k to $95.1k, while imports decreased by $-16.4k (-61%) from $26.9k to $10.5k.

Trade In September 2024, the top exports of Philippines to Mongolia were Bananas ($136k), Other Processed Vegetables ($36.8k), Imitation Jewellery ($4.58k), Paper Containers ($2.73k), and Other Plastic Products ($2.02k). In September 2024 the top imports of Philippines from Mongolia were .

Growth In September 2024, the decrease in Philippines's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Imitation Jewellery ($-6.81k or -59.8%). In September 2024, the decrease in Philippines's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-26k(-21.5%)
IMPORT GROWTH (September 2023 - September 2024)$-16.4k(-61%)

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 Mongolia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $6.49M to Mongolia. The main products exported from Philippines to Mongolia were Office Machine Parts ($1.11M), Baked Goods ($613k), and Bananas ($567k). During the last 5 years the exports of Philippines to Mongolia have decreased at an annualized rate of 1.17%, from $6.88M in 2017 to $6.49M in 2022.

In 2017, Mongolia exported $420k to Philippines. The main products exported from Mongolia to Philippines were Glass Fibers ($417k), Hydrometers ($1.98k), and String Instruments ($341). During the last 5 years the exports of Mongolia to Philippines have increased at an annualized rate of 130%, from $6.56k in 2022 to $420k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Philippines than Mongolia included United States ($15.5B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Mongolia than Philippines included Russia ($112M), Kyrgyzstan ($2.34M), and Belarus ($375k).

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

Comparative Advantage Philippines - Mongolia

Flow
Scale

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

During 2022, Philippines had a large net trade with Mongolia in the exports of Machines ($2.52M), Foodstuffs ($1.75M), and Chemical Products ($926k).

During 2017, Mongolia had a large net trade with Philippines in the exports of Stone And Glass ($417k), Instruments ($2.32k), and Machines ($286).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Mongolia+$750kElectrical Transformers
Top Product Potential Mongolia Philippines+$8.06kCoal Briquettes

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

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

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