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2023
Flag → Flag
Exports $112MRnk 37 / 201
2023
Flag → Flag
Exports $461MRnk 20 / 206
2023
Flag → Flag
Top Product $122MButter
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 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$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Philippines-New Zealand Trade: In 2023, Philippines exported $112M to New Zealand. The main products that Philippines exported to New Zealand were N/A. Over the past 5 years the exports of Philippines to New Zealand have increased at an annualized rate of 1.65%, from $104M in 2018 to $112M in 2023.

In 2023, Philippines did not export any services to New Zealand.

New Zealand-Philippines Trade: In 2023, New Zealand exported $461M to Philippines. The main products that New Zealand exported to Philippines were Butter ($122M), Cheese ($92.4M), and Concentrated Milk ($63.7M). Over the past 5 years the exports of New Zealand to Philippines have decreased at an annualized rate of 3.43%,  from $549M in 2018 to $461M in 2023.

In 2018, New Zealand exported services to Philippines worth $771M, with Travel ($664M), Other business services ($69.1M), and Government services, n.i.e. ($22.1M) being the largest in terms of value.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $6.26M and imported $59.8M from New Zealand, resulting in a negative trade balance of $53.6M. Between July 2023 and July 2024 the exports of Philippines have increased by $1.75M (38.7%) from $4.51M to $6.26M, while imports increased by $17M (39.7%) from $42.8M to $59.8M.

Trade In July 2024, the top exports of Philippines to New Zealand were Bananas ($1.65M), Integrated Circuits ($666k), Tropical Fruits ($409k), Industrial Printers ($337k), and Vegetable Saps ($286k). In July 2024 the top imports of Philippines from New Zealand were Concentrated Milk ($14.7M), Butter ($8.45M), Cheese ($7.87M), Fermented Milk Products ($3.45M), and Other Edible Preparations ($2.36M).

Growth In July 2024, the increase in Philippines's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Bananas ($1.16M or 233%), Integrated Circuits ($621k or 1.37k%), and Tropical Fruits ($157k or 62.3%). In July 2024, the increase in Philippines's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Cheese ($1.34M or 20.5%), Butter ($1.21M or 16.7%), and Concentrated Milk ($768k or 5.53%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.75M(38.7%)
IMPORT GROWTH (July 2023 - July 2024)$17M(39.7%)

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 New Zealand and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $112M to New Zealand. There were not main exports from Philippines to New Zealand in 2023. During the last 5 years the exports of Philippines to New Zealand have increased at an annualized rate of 1.65%, from $104M in 2018 to $112M in 2023.

In 2018, New Zealand exported $461M to Philippines. The main products exported from New Zealand to Philippines were Butter ($122M), Cheese ($92.4M), and Concentrated Milk ($63.7M). During the last 5 years the exports of New Zealand to Philippines have decreased at an annualized rate of 3.43%, from $549M in 2023 to $461M in 2018.

Exports from Philippines (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
New Zealand
Top DestinationChina$12.3B

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

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

In 2023, countries that imported more from New Zealand than Philippines included Australia ($5.2B), Algeria ($599M), and Saudi Arabia ($744M).

Difference in imports from New Zealand (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - New Zealand

Flow
Scale

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

During 2023, Philippines had a large net trade with New Zealand in the exports of Machines ($43.6M), Vegetable Products ($24M), and Foodstuffs ($16.3M).

During 2018, New Zealand had a large net trade with Philippines in the exports of Animal Products ($368M), Foodstuffs ($20M), and Paper Goods ($16.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines New Zealand+$8.03MIntegrated Circuits
Top Product Potential New Zealand Philippines+$9.42MFrozen Bovine Meat

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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Bilateral Service Trade

In 2018, New Zealand exported services to Philippines worth $771M, with Travel ($664M), Other business services ($69.1M), and Government services, n.i.e. ($22.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Philippines (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and New Zealand. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and New Zealand (Flag) (2023)

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