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Pricing

2022
Flag → Flag
Exports $3.39MRnk 113 / 205
2022
Flag → Flag
Top Product $936kOffice Machine Parts
2022
Flag → Flag
Exports $193kRnk 126 / 158
2022
Flag → Flag
Top Product $180kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 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$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Philippines-Paraguay Trade: In 2022, Philippines exported $3.39M to Paraguay. The main products that Philippines exported to Paraguay were Office Machine Parts ($936k), Electrical Transformers ($330k), and Metalworking Machine Parts ($212k). Over the past 5 years the exports of Philippines to Paraguay have decreased at an annualized rate of 6.86%, from $4.84M in 2017 to $3.39M in 2022.

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

Paraguay-Philippines Trade: In 2022, Paraguay exported $193k to Philippines. The main products that Paraguay exported to Philippines were Other Oily Seeds ($180k), Insulated Wire ($11.8k), and Non-Knit Women's Suits ($774). Over the past 5 years the exports of Paraguay to Philippines have decreased at an annualized rate of 10.5%,  from $335k in 2017 to $193k in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $383k and imported $1.87k from Paraguay, resulting in a positive trade balance of $381k. Between August 2023 and August 2024 the exports of Philippines have increased by $102k (36.5%) from $280k to $383k, while imports decreased by $-46.3k (-96.1%) from $48.2k to $1.87k.

Trade In August 2024, the top exports of Philippines to Paraguay were Industrial Printers ($149k), Metalworking Machine Parts ($23.7k), Leather Footwear ($17k), Ink ($6.63k), and Machinery Having Individual Functions ($180). In August 2024 the top imports of Philippines from Paraguay were Non-Knit Women's Suits ($286).

Growth In August 2024, the increase in Philippines's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Industrial Printers ($73.5k or 97.5%) and Metalworking Machine Parts ($10.3k or 76%). In August 2024, the decrease in Philippines's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$102k(36.5%)
IMPORT GROWTH (August 2023 - August 2024)$-46.3k(-96.1%)

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 Paraguay and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $3.39M to Paraguay. The main products exported from Philippines to Paraguay were Office Machine Parts ($936k), Electrical Transformers ($330k), and Metalworking Machine Parts ($212k). During the last 5 years the exports of Philippines to Paraguay have decreased at an annualized rate of 6.86%, from $4.84M in 2017 to $3.39M in 2022.

In 2017, Paraguay exported $193k to Philippines. The main products exported from Paraguay to Philippines were Other Oily Seeds ($180k), Insulated Wire ($11.8k), and Non-Knit Women's Suits ($774). During the last 5 years the exports of Paraguay to Philippines have decreased at an annualized rate of 10.5%, from $335k in 2022 to $193k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Philippines than Paraguay included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Paraguay than Philippines included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Philippines - Paraguay

Flow
Scale

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

During 2022, Philippines had a large net trade with Paraguay in the exports of Machines ($1.98M), Instruments ($358k), and Footwear and Headwear ($214k).

During 2017, Paraguay had a large net trade with Philippines in the exports of Vegetable Products ($180k), Machines ($12.1k), and Textiles ($897).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Paraguay+$972kIndustrial Printers
Top Product Potential Paraguay Philippines+$145kOther Oily Seeds

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

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

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