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Pricing

2022
Flag → Flag
Exports $21.9MRnk 71 / 205
2022
Flag → Flag
Top Product $7.66MOrthopedic Appliances
2022
Flag → Flag
Exports $12.4MRnk 87 / 171
2022
Flag → Flag
Top Product $3.86MEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 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$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Philippines-Oman Trade: In 2022, Philippines exported $21.9M to Oman. The main products that Philippines exported to Oman were Orthopedic Appliances ($7.66M), Broadcasting Equipment ($973k), and Valves ($734k). Over the past 5 years the exports of Philippines to Oman have increased at an annualized rate of 3.46%, from $18.5M in 2017 to $21.9M in 2022.

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

Oman-Philippines Trade: In 2022, Oman exported $12.4M to Philippines. The main products that Oman exported to Philippines were Ethylene Polymers ($3.86M), Gypsum ($3.07M), and Propylene Polymers ($2.98M). Over the past 5 years the exports of Oman to Philippines have decreased at an annualized rate of 21.3%,  from $41.2M in 2017 to $12.4M in 2022.

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $1.02M and imported $572k from Oman, resulting in a positive trade balance of $448k. Between June 2023 and June 2024 the exports of Philippines have increased by $786k (336%) from $234k to $1.02M, while imports decreased by $-771k (-57.4%) from $1.34M to $572k.

Trade In June 2024, the top exports of Philippines to Oman were Baked Goods ($101k), Aircraft Parts ($78.1k), Pasta ($29.5k), Sauces and Seasonings ($28.7k), and Rubber Tires ($28.6k). In June 2024 the top imports of Philippines from Oman were Gypsum ($304k), Propylene Polymers ($210k), Prepr binder for foundry ($25.3k), Ethylene Polymers ($25.2k), and Refined Petroleum ($22k).

Growth In June 2024, the increase in Philippines's year-by-year exports to Oman was explained primarily by an increase in product exports in Aircraft Parts ($71.9k or 1.15k%), Pasta ($24.6k or 504%), and Baked Goods ($11.9k or 13.4%). In June 2024, the decrease in Philippines's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Propylene Polymers ($-10.7k or -4.86%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$786k(336%)
IMPORT GROWTH (June 2023 - June 2024)$-771k(-57.4%)

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 Oman and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $21.9M to Oman. The main products exported from Philippines to Oman were Orthopedic Appliances ($7.66M), Broadcasting Equipment ($973k), and Valves ($734k). During the last 5 years the exports of Philippines to Oman have increased at an annualized rate of 3.46%, from $18.5M in 2017 to $21.9M in 2022.

In 2017, Oman exported $12.4M to Philippines. The main products exported from Oman to Philippines were Ethylene Polymers ($3.86M), Gypsum ($3.07M), and Propylene Polymers ($2.98M). During the last 5 years the exports of Oman to Philippines have decreased at an annualized rate of 21.3%, from $41.2M in 2022 to $12.4M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Oman
Top DestinationChina$30.4B

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

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

In 2022, countries that imported more from Oman than Philippines included China ($30.4B), India ($8.15B), and Saudi Arabia ($2.4B).

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

Comparative Advantage Philippines - Oman

Flow
Scale

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

During 2022, Philippines had a large net trade with Oman in the exports of Instruments ($8.66M), Machines ($5.8M), and Foodstuffs ($3.49M).

During 2017, Oman had a large net trade with Philippines in the exports of Plastics and Rubbers ($6.86M), Mineral Products ($3.24M), and Foodstuffs ($782k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Oman+$2.06MTelephones
Top Product Potential Oman Philippines+$3.36MEthylene Polymers

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

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

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