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Pricing

2022
Flag → Flag
Exports $67.7MRnk 48 / 205
2022
Flag → Flag
Top Product $44.5MIntegrated Circuits
2022
Flag → Flag
Exports $18.4MRnk 93 / 196
2022
Flag → Flag
Top Product $6.27MSawn Wood
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 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$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Philippines-Romania Trade: In 2022, Philippines exported $67.7M to Romania. The main products that Philippines exported to Romania were Integrated Circuits ($44.5M), Low-voltage Protection Equipment ($2.97M), and Other Measuring Instruments ($2.58M). Over the past 5 years the exports of Philippines to Romania have increased at an annualized rate of 13.5%, from $35.9M in 2017 to $67.7M in 2022.

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

Romania-Philippines Trade: In 2022, Romania exported $18.4M to Philippines. The main products that Romania exported to Philippines were Sawn Wood ($6.27M), Plywood ($1.48M), and Electric Heaters ($996k). Over the past 5 years the exports of Romania to Philippines have increased at an annualized rate of 9.99%,  from $11.4M in 2017 to $18.4M in 2022.

In 2020, Romania exported services to Philippines worth $5.94M, with Computer and information services ($2.4M), Other business services ($2.17M), and Transportation ($685k) 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $3.91M and imported $21.8M from Romania, resulting in a negative trade balance of $17.9M. Between September 2023 and September 2024 the exports of Philippines have decreased by $-3.97M (-50.4%) from $7.88M to $3.91M, while imports increased by $21.2M (3.23k%) from $656k to $21.8M.

Trade In September 2024, the top exports of Philippines to Romania were Integrated Circuits ($2.01M), Processed Fish ($501k), Commodities not elsewhere specified ($409k), Printed Circuit Boards ($358k), and Raw Tobacco ($196k). In September 2024 the top imports of Philippines from Romania were Electrical Control Boards ($1.51M), Butter ($207k), Ball Bearings ($59.5k), Other Measuring Instruments ($53.6k), and Other Heating Machinery ($45.2k).

Growth In September 2024, the decrease in Philippines's year-by-year exports to Romania was explained primarily by an decrease in product exports in Integrated Circuits ($-404k or -16.7%), Other Measuring Instruments ($-266k or -80.2%), and Narrow Woven Fabric ($-208k or -62.6%). In September 2024, the increase in Philippines's year-by-year imports  from Romania was explained primarily by an increase in product imports  in Electrical Control Boards ($1.5M or 38.4k%), Other Measuring Instruments ($37.3k or 230%), and Telephones ($34.5k or 874%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-3.97M(-50.4%)
IMPORT GROWTH (September 2023 - September 2024)$21.2M(3.23k%)

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 Romania and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $67.7M to Romania. The main products exported from Philippines to Romania were Integrated Circuits ($44.5M), Low-voltage Protection Equipment ($2.97M), and Other Measuring Instruments ($2.58M). During the last 5 years the exports of Philippines to Romania have increased at an annualized rate of 13.5%, from $35.9M in 2017 to $67.7M in 2022.

In 2017, Romania exported $18.4M to Philippines. The main products exported from Romania to Philippines were Sawn Wood ($6.27M), Plywood ($1.48M), and Electric Heaters ($996k). During the last 5 years the exports of Romania to Philippines have increased at an annualized rate of 9.99%, from $11.4M in 2022 to $18.4M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Romania
Top DestinationGermany$18.8B

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

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

In 2022, countries that imported more from Romania than Philippines included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Philippines - Romania

Flow
Scale

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

During 2022, Philippines had a large net trade with Romania in the exports of Machines ($55M), Instruments ($5.5M), and Foodstuffs ($3M).

During 2017, Romania had a large net trade with Philippines in the exports of Wood Products ($8.67M), Machines ($4.29M), and Metals ($974k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Romania+$53MIntegrated Circuits
Top Product Potential Romania Philippines+$2.55MSawn Wood

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 2020, Romania exported services to Philippines worth $5.94M, with Computer and information services ($2.4M), Other business services ($2.17M), and Transportation ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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