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Pricing

2023
Flag → Flag
Exports $2.57MRnk 124 / 201
2023
Flag → Flag
Top Product $405kPalm Oil
2023
Flag → Flag
Exports $145kRnk 54 / 111
2023
Flag → Flag
Top Product $107kKnotted Carpets
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 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$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Philippines-Nepal Trade: In 2023, Philippines exported $2.57M to Nepal. The main products that Philippines exported to Nepal were Palm Oil ($405k), Packaged Medicaments ($367k), and Motorcycles and cycles ($346k). Over the past 5 years the exports of Philippines to Nepal have decreased at an annualized rate of 15.8%, from $6.09M in 2018 to $2.57M in 2023.

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

Nepal-Philippines Trade: In 2023, Nepal exported $145k to Philippines. The main products that Nepal exported to Philippines were Knotted Carpets ($107k), Animal Food ($8.17k), and Packaged Medicaments ($7.51k). Over the past 5 years the exports of Nepal to Philippines have increased at an annualized rate of 17%,  from $66.2k in 2018 to $145k in 2023.

In 2023, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $161k and imported $35.3k from Nepal, resulting in a positive trade balance of $126k. Between July 2023 and July 2024 the exports of Philippines have decreased by $-97.1k (-37.5%) from $259k to $161k, while imports increased by $31.7k (885%) from $3.58k to $35.3k.

Trade In July 2024, the top exports of Philippines to Nepal were Industrial Fatty Acids, Oils and Alcohols ($29.2k), Packaged Medicaments ($27.2k), and Other Wood Articles ($96). In July 2024 the top imports of Philippines from Nepal were Other Copper Products ($461).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Nepal was explained primarily by an decrease in product exports in . In July 2024, the increase in Philippines's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-97.1k(-37.5%)
IMPORT GROWTH (July 2023 - July 2024)$31.7k(885%)

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 Nepal and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $2.57M to Nepal. The main products exported from Philippines to Nepal were Palm Oil ($405k), Packaged Medicaments ($367k), and Motorcycles and cycles ($346k). During the last 5 years the exports of Philippines to Nepal have decreased at an annualized rate of 15.8%, from $6.09M in 2018 to $2.57M in 2023.

In 2018, Nepal exported $145k to Philippines. The main products exported from Nepal to Philippines were Knotted Carpets ($107k), Animal Food ($8.17k), and Packaged Medicaments ($7.51k). During the last 5 years the exports of Nepal to Philippines have increased at an annualized rate of 17%, from $66.2k in 2023 to $145k in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Philippines than Nepal included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, no countries were registered that imported more from Nepal than from Philippines.

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

Comparative Advantage Philippines - Nepal

Flow
Scale

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

During 2023, Philippines had a large net trade with Nepal in the exports of Animal and Vegetable Bi-Products ($574k), Chemical Products ($498k), and Foodstuffs ($396k).

During 2018, Nepal had a large net trade with Philippines in the exports of Textiles ($121k), Foodstuffs ($8.17k), and Chemical Products ($7.51k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Nepal+$1.3MIndustrial Printers
Top Product Potential Nepal Philippines+$134kAnimal Food

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

Product Space of Philippines (Flag) and Nepal (Flag) (2023)

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