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2022
Flag → Flag
Exports $2.68BRnk 14 / 205
2022
Flag → Flag
Top Product $1.11BIntegrated Circuits
2022
Flag → Flag
Exports $6.51BRnk 16 / 218
2022
Flag → Flag
Top Product $906MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 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$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Philippines-Malaysia Trade: In 2022, Philippines exported $2.68B to Malaysia. The main products that Philippines exported to Malaysia were Integrated Circuits ($1.11B), Coconut Oil ($198M), and Rubber ($129M). Over the past 5 years the exports of Philippines to Malaysia have increased at an annualized rate of 2.67%, from $2.35B in 2017 to $2.68B in 2022.

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

Malaysia-Philippines Trade: In 2022, Malaysia exported $6.51B to Philippines. The main products that Malaysia exported to Philippines were Refined Petroleum ($906M), Palm Oil ($787M), and Integrated Circuits ($758M). Over the past 5 years the exports of Malaysia to Philippines have increased at an annualized rate of 8.1%,  from $4.41B in 2017 to $6.51B in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $180M and imported $539M from Malaysia, resulting in a negative trade balance of $359M. Between September 2023 and September 2024 the exports of Philippines have decreased by $-11.7M (-6.12%) from $191M to $180M, while imports increased by $28.3M (5.55%) from $510M to $539M.

Trade In September 2024, the top exports of Philippines to Malaysia were Integrated Circuits ($36.1M), Commodities not elsewhere specified ($19.2M), Spark-Ignition Engines ($13.2M), Refined Copper ($11.6M), and Semiconductor Devices ($8.24M). In September 2024 the top imports of Philippines from Malaysia were Refined Petroleum ($71.6M), Commodities not elsewhere specified ($52.5M), Integrated Circuits ($43.7M), Palm Oil ($40.5M), and Crude Petroleum ($35.2M).

Growth In September 2024, the decrease in Philippines's year-by-year exports to Malaysia was explained primarily by an decrease in product exports in Coconut Oil ($-21M or -98.6%), Integrated Circuits ($-7.88M or -17.9%), and Excavation Machinery ($-4.43M or -99.8%). In September 2024, the increase in Philippines's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Integrated Circuits ($29.5M or 207%), Commodities not elsewhere specified ($11.2M or 27.2%), and Nitrogenous Fertilizers ($10.6M or 98.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-11.7M(-6.12%)
IMPORT GROWTH (September 2023 - September 2024)$28.3M(5.55%)

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 Malaysia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $2.68B to Malaysia. The main products exported from Philippines to Malaysia were Integrated Circuits ($1.11B), Coconut Oil ($198M), and Rubber ($129M). During the last 5 years the exports of Philippines to Malaysia have increased at an annualized rate of 2.67%, from $2.35B in 2017 to $2.68B in 2022.

In 2017, Malaysia exported $6.51B to Philippines. The main products exported from Malaysia to Philippines were Refined Petroleum ($906M), Palm Oil ($787M), and Integrated Circuits ($758M). During the last 5 years the exports of Malaysia to Philippines have increased at an annualized rate of 8.1%, from $4.41B in 2022 to $6.51B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Philippines than Malaysia included Switzerland ($4.1B), United Kingdom ($4.52B), and Israel ($110M).

In 2022, countries that imported more from Malaysia than Philippines included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Philippines - Malaysia

Flow
Scale

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

During 2022, Philippines had a large net trade with Malaysia in the exports of Machines ($1.71B), Animal and Vegetable Bi-Products ($214M), and Plastics and Rubbers ($177M).

During 2017, Malaysia had a large net trade with Philippines in the exports of Machines ($1.55B), Mineral Products ($1.16B), and Animal and Vegetable Bi-Products ($1.04B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Malaysia+$588MIntegrated Circuits
Top Product Potential Malaysia Philippines+$346MIntegrated Circuits

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

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

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