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Pricing

2022
Flag → Flag
Exports $68.1MRnk 47 / 205
2022
Flag → Flag
Top Product $14.8MIntegrated Circuits
2022
Flag → Flag
Exports $109MRnk 57 / 209
2022
Flag → Flag
Top Product $25MMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Philippines-Norway Trade: In 2022, Philippines exported $68.1M to Norway. The main products that Philippines exported to Norway were Integrated Circuits ($14.8M), Office Machine Parts ($10.6M), and Rubber Tires ($2.91M). Over the past 5 years the exports of Philippines to Norway have increased at an annualized rate of 9.11%, from $44M in 2017 to $68.1M in 2022.

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

Norway-Philippines Trade: In 2022, Norway exported $109M to Philippines. The main products that Norway exported to Philippines were Mixed Mineral or Chemical Fertilizers ($25M), Insulated Wire ($22.3M), and Non-fillet Frozen Fish ($15M). Over the past 5 years the exports of Norway to Philippines have increased at an annualized rate of 6.51%,  from $79.6M in 2017 to $109M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $565k and imported $4.84M from Norway, resulting in a negative trade balance of $4.27M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-40.5k (-6.69%) from $606k to $565k, while imports increased by $1.21M (33.4%) from $3.62M to $4.84M.

Growth In June 2024, the decrease in Philippines's year-by-year exports to Norway was explained primarily by an decrease in product exports in Other Processed Fruits and Nuts ($-188k or -84.2%), Machinery parts, not containing electrical connectors,... ($-44.9k or -81.6%), and Baked Goods ($-26.6k or -67.2%). In June 2024, the increase in Philippines's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Fish Fillets ($366k or 1.68k%), Packaged Medicaments ($93.9k or 45.8%), and Seats ($15.7k or 1.52k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-40.5k(-6.69%)
IMPORT GROWTH (June 2023 - June 2024)$1.21M(33.4%)

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 Norway and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $68.1M to Norway. The main products exported from Philippines to Norway were Integrated Circuits ($14.8M), Office Machine Parts ($10.6M), and Rubber Tires ($2.91M). During the last 5 years the exports of Philippines to Norway have increased at an annualized rate of 9.11%, from $44M in 2017 to $68.1M in 2022.

In 2017, Norway exported $109M to Philippines. The main products exported from Norway to Philippines were Mixed Mineral or Chemical Fertilizers ($25M), Insulated Wire ($22.3M), and Non-fillet Frozen Fish ($15M). During the last 5 years the exports of Norway to Philippines have increased at an annualized rate of 6.51%, from $79.6M in 2022 to $109M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Norway
Top DestinationGermany$78.1B

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

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

In 2022, countries that imported more from Norway than Philippines included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Philippines - Norway

Flow
Scale

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

During 2022, Philippines had a large net trade with Norway in the exports of Machines ($40M), Textiles ($4.82M), and Plastics and Rubbers ($3.55M).

During 2017, Norway had a large net trade with Philippines in the exports of Chemical Products ($51.3M), Machines ($25.8M), and Animal Products ($22.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Norway+$16.5MIntegrated Circuits
Top Product Potential Norway Philippines+$4.46MNon-fillet Frozen Fish

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

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

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