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Pricing

2023
Flag → Flag
Exports $3.1MRnk 118 / 201
2023
Flag → Flag
Top Product $1.26MBananas
2023
Flag → Flag
Exports $254kRnk 39 / 101
2023
Flag → Flag
Top Product $139kGlass Beads
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 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$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Philippines-Mongolia Trade: In 2023, Philippines exported $3.1M to Mongolia. The main products that Philippines exported to Mongolia were Bananas ($1.26M), Other Processed Vegetables ($440k), and Sauces and Seasonings ($434k). Over the past 5 years the exports of Philippines to Mongolia have decreased at an annualized rate of 15.5%, from $7.18M in 2018 to $3.1M in 2023.

In 2023, Philippines did not export any services to Mongolia.

Mongolia-Philippines Trade: In 2023, Mongolia exported $254k to Philippines. The main products that Mongolia exported to Philippines were Glass Beads ($139k), Motor vehicles; parts and accessories (8701 to 8705) ($73.1k), and Other Iron Products ($26.9k). Over the past 5 years the exports of Mongolia to Philippines have decreased at an annualized rate of 16.2%,  from $2.11M in 2018 to $254k in 2023.

In 2023, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

N/A

About

Overview In N/A, Philippines exported $N/A and imported $N/A from Mongolia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Philippines have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, 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 N/A the top imports of Philippines from Mongolia were .

Growth In N/A, the N/A 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 N/A, the N/A 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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $3.1M to Mongolia. The main products exported from Philippines to Mongolia were Bananas ($1.26M), Other Processed Vegetables ($440k), and Sauces and Seasonings ($434k). During the last 5 years the exports of Philippines to Mongolia have decreased at an annualized rate of 15.5%, from $7.18M in 2018 to $3.1M in 2023.

In 2018, Mongolia exported $254k to Philippines. The main products exported from Mongolia to Philippines were Glass Beads ($139k), Motor vehicles; parts and accessories (8701 to 8705) ($73.1k), and Other Iron Products ($26.9k). During the last 5 years the exports of Mongolia to Philippines have decreased at an annualized rate of 16.2%, from $2.11M in 2023 to $254k in 2018.

Exports from Philippines (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Mongolia
Top DestinationChina$13.1B

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 2023, countries that imported more from Philippines than Mongolia included United States ($13.3B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Mongolia than Philippines included Kyrgyzstan ($2.12M).

Difference in imports from Mongolia (Flag) and Philippines (Flag) (2023)

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 2023, Philippines had a large net trade with Mongolia in the exports of Vegetable Products ($1.26M), Foodstuffs ($1.09M), and Chemical Products ($490k).

During 2018, Mongolia had a large net trade with Philippines in the exports of Stone And Glass ($139k), Transportation ($73.1k), and Metals ($26.9k).

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) (2023)

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