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2023
Flag → Flag
Exports $4.06MRnk 107 / 201
2023
Flag → Flag
Top Product $1.47MCement
2023
Flag → Flag
Exports $20.4kRnk 12 / 43
2023
Flag → Flag
Top Product $11.2kOpto-Electric Instrument Parts
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$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 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$15,899CURRENT US$
Rnk 71 / 196
2013-2023
Flag
GDP PC GROWTH24.5%CURRENT US$
Rnk 89 / 195

About

Philippines-Palau Trade: In 2023, Philippines exported $4.06M to Palau. The main products that Philippines exported to Palau were Cement ($1.47M), Prepared Explosives ($466k), and Flavored Water ($296k). Over the past 5 years the exports of Philippines to Palau have decreased at an annualized rate of 8.45%, from $6.31M in 2018 to $4.06M in 2023.

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

Palau-Philippines Trade: In 2023, Palau exported $20.4k to Philippines. The main products that Palau exported to Philippines were Opto-Electric Instrument Parts ($11.2k), Liquid Pumps ($6.11k), and Eyewear Frames ($1.8k). Over the past 5 years the exports of Palau to Philippines have decreased at an annualized rate of 11.8%,  from $38.1k in 2018 to $20.4k in 2023.

In 2023, Palau 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, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $309k and imported $38 from Palau, resulting in a positive trade balance of $309k. Between July 2023 and July 2024 the exports of Philippines have decreased by $-631k (-67.1%) from $940k to $309k, while imports decreased by $-411 (-91.5%) from $449 to $38.

Trade In July 2024, the top exports of Philippines to Palau were Cement ($64.8k), Flavored Water ($31.3k), Plastic Housewares ($19.1k), Medical Instruments ($15.2k), and Baked Goods ($12.6k). In July 2024 the top imports of Philippines from Palau were .

Growth In July 2024, the decrease in Philippines's year-by-year exports to Palau was explained primarily by an decrease in product exports in Cement ($-116k or -64.1%), Baked Goods ($-24.7k or -66.2%), and Pasta ($-4.22k or -90.4%). In June 2024, the decrease in Philippines's year-by-year imports  from Palau was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-631k(-67.1%)
IMPORT GROWTH (June 2023 - June 2024)$-411(-91.5%)

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 Palau and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Palau and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $4.06M to Palau. The main products exported from Philippines to Palau were Cement ($1.47M), Prepared Explosives ($466k), and Flavored Water ($296k). During the last 5 years the exports of Philippines to Palau have decreased at an annualized rate of 8.45%, from $6.31M in 2018 to $4.06M in 2023.

In 2018, Palau exported $20.4k to Philippines. The main products exported from Palau to Philippines were Opto-Electric Instrument Parts ($11.2k), Liquid Pumps ($6.11k), and Eyewear Frames ($1.8k). During the last 5 years the exports of Palau to Philippines have decreased at an annualized rate of 11.8%, from $38.1k in 2023 to $20.4k in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Palau
Top DestinationIndia$2.28M

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

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

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

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

Comparative Advantage Philippines - Palau

Flow
Scale

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

During 2023, Philippines had a large net trade with Palau in the exports of Mineral Products ($1.47M), Chemical Products ($1.02M), and Foodstuffs ($710k).

During 2018, Palau had a large net trade with Philippines in the exports of Instruments ($13k), Machines ($6.42k), and Chemical Products ($957).

Economic Complexity

Competitive Landscape

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

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

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