2022
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GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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 GDP
$252BCURRENT US$
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2012-2022
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GDP GROWTH
16.5%CURRENT US$
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2022
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GDP PC 
$3,499CURRENT US$
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2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
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2022
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GDP PC
$24,275CURRENT US$
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2012-2022
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GDP PC GROWTH
18%CURRENT US$
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About

Philippines-Portugal Trade: In 2022, Philippines exported $67.2M to Portugal. The main products that Philippines exported to Portugal were Integrated Circuits ($22.4M), Broadcasting Accessories ($8.25M), and Electrical Control Boards ($6.74M). Over the past 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 33.2%, from $505M in 2017 to $67.2M in 2022.

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

Portugal-Philippines Trade: In 2022, Portugal exported $24.3M to Philippines. The main products that Portugal exported to Philippines were Other Electrical Machinery ($5.09M), Spark-Ignition Engines ($3M), and Delivery Trucks ($1.41M). Over the past 5 years the exports of Portugal to Philippines have increased at an annualized rate of 4.08%,  from $17.7M in 2017 to $24.3M in 2022.

In 2003, Portugal exported services to Philippines worth $19.3M, with Services not allocated ($19.3M) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $67.2M to Portugal. The main products exported from Philippines to Portugal were Integrated Circuits ($22.4M), Broadcasting Accessories ($8.25M), and Electrical Control Boards ($6.74M). During the last 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 33.2%, from $505M in 2017 to $67.2M in 2022.

In 2017, Portugal exported $24.3M to Philippines. The main products exported from Portugal to Philippines were Other Electrical Machinery ($5.09M), Spark-Ignition Engines ($3M), and Delivery Trucks ($1.41M). During the last 5 years the exports of Portugal to Philippines have increased at an annualized rate of 4.08%, from $17.7M in 2022 to $24.3M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Philippines than Portugal included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Portugal than Philippines included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Philippines - Portugal

Flow
Scale

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

During 2022, Philippines had a large net trade with Portugal in the exports of Machines ($51M), Foodstuffs ($4.39M), and Plastics and Rubbers ($4M).

During 2017, Portugal had a large net trade with Philippines in the exports of Machines ($10.2M), Foodstuffs ($3.83M), and Transportation ($1.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Portugal+$32.2MIntegrated Circuits
Top Product Potential Portugal Philippines+$2.85MDelivery Trucks

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

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

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