2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Philippines-Norway Trade: In 2023, Philippines exported $67.3M to Norway. The main products that Philippines exported to Norway were Integrated Circuits ($16M), Office Machine Parts ($11.4M), and Trunks and Cases ($2.83M). Over the past 5 years the exports of Philippines to Norway have increased at an annualized rate of 7.7%, from $46.4M in 2018 to $67.3M in 2023.

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

Norway-Philippines Trade: In 2023, Norway exported $74.8M to Philippines. The main products that Norway exported to Philippines were Nitrogenous Fertilizers ($18.8M), Mixed Mineral or Chemical Fertilizers ($16.5M), and Non-fillet Frozen Fish ($12M). Over the past 5 years the exports of Norway to Philippines have increased at an annualized rate of 4.53%,  from $59.9M in 2018 to $74.8M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $67.3M to Norway. The main products exported from Philippines to Norway were Integrated Circuits ($16M), Office Machine Parts ($11.4M), and Trunks and Cases ($2.83M). During the last 5 years the exports of Philippines to Norway have increased at an annualized rate of 7.7%, from $46.4M in 2018 to $67.3M in 2023.

In 2018, Norway exported $74.8M to Philippines. The main products exported from Norway to Philippines were Nitrogenous Fertilizers ($18.8M), Mixed Mineral or Chemical Fertilizers ($16.5M), and Non-fillet Frozen Fish ($12M). During the last 5 years the exports of Norway to Philippines have increased at an annualized rate of 4.53%, from $59.9M in 2023 to $74.8M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Norway
Top Destination
Germany$33.8B

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 2023, countries that imported more from Philippines than Norway included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Norway than Philippines included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

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

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 2023, Philippines had a large net trade with Norway in the exports of Machines ($44.5M), Textiles ($3.95M), and Animal Hides ($3.45M).

During 2018, Norway had a large net trade with Philippines in the exports of Chemical Products ($44.3M), Animal Products ($21.8M), and Foodstuffs ($2.55M).

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) (2023)

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