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2022
Flag → Flag
Exports $53.9MRnk 53 / 205
2022
Flag → Flag
Top Product $15MCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $576MRnk 56 / 138
2022
Flag → Flag
Top Product $349MSemi-Finished Iron
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Philippines-Russia Trade: In 2022, Philippines exported $53.9M to Russia. The main products that Philippines exported to Russia were Coconuts, Brazil Nuts, and Cashews ($15M), Vegetable Saps ($9.2M), and Office Machine Parts ($3.22M). Over the past 5 years the exports of Philippines to Russia have decreased at an annualized rate of 34.8%, from $459M in 2017 to $53.9M in 2022.

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

Russia-Philippines Trade: In 2022, Russia exported $576M to Philippines. The main products that Russia exported to Philippines were Semi-Finished Iron ($349M), Refined Petroleum ($106M), and Coal Briquettes ($35.4M). Over the past 5 years the exports of Russia to Philippines have increased at an annualized rate of 18.9%,  from $243M in 2017 to $576M in 2022.

In 2020, Russia exported services to Philippines worth $15.6M, with Transportation ($4.03M), Travel ($3.83M), and Computer and information services ($3.37M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $4.01M and imported $270k from Russia, resulting in a positive trade balance of $3.74M. Between September 2023 and September 2024 the exports of Philippines have increased by $571k (16.6%) from $3.43M to $4.01M, while imports decreased by $-3.35M (-92.5%) from $3.62M to $270k.

Trade In September 2024, the top exports of Philippines to Russia were Vegetable Saps ($1.09M), Rubber Tires ($506k), Optical Fibers and optical fibre bundles ($289k), Other Office Machines ($253k), and Non-Retail Synthetic Staple Fibers Yarn ($139k). In September 2024 the top imports of Philippines from Russia were Semiconductor Devices ($3.65M), Processed Tobacco ($1.67M), Detonating Fuses ($913k), Newsprint ($177k), and Buckwheat ($85.5k).

Growth In September 2024, the increase in Philippines's year-by-year exports to Russia was explained primarily by an increase in product exports in Vegetable Saps ($921k or 562%), Optical Fibers and optical fibre bundles ($164k or 132%), and Other Processed Fruits and Nuts ($32.5k or 40.7%). In September 2024, the decrease in Philippines's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-186k or -72.1%) and Non-Knit Women's Suits ($-34.1k or -98%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$571k(16.6%)
IMPORT GROWTH (September 2023 - September 2024)$-3.35M(-92.5%)

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 Russia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $53.9M to Russia. The main products exported from Philippines to Russia were Coconuts, Brazil Nuts, and Cashews ($15M), Vegetable Saps ($9.2M), and Office Machine Parts ($3.22M). During the last 5 years the exports of Philippines to Russia have decreased at an annualized rate of 34.8%, from $459M in 2017 to $53.9M in 2022.

In 2017, Russia exported $576M to Philippines. The main products exported from Russia to Philippines were Semi-Finished Iron ($349M), Refined Petroleum ($106M), and Coal Briquettes ($35.4M). During the last 5 years the exports of Russia to Philippines have increased at an annualized rate of 18.9%, from $243M in 2022 to $576M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Philippines than Russia included Hong Kong ($12.6B), Singapore ($7.07B), and Thailand ($3.79B).

In 2022, countries that imported more from Russia than Philippines included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Philippines - Russia

Flow
Scale

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

During 2022, Philippines had a large net trade with Russia in the exports of Vegetable Products ($24.7M), Machines ($9.45M), and Instruments ($6.23M).

During 2017, Russia had a large net trade with Philippines in the exports of Metals ($353M), Mineral Products ($142M), and Paper Goods ($24.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Russia+$9.74kIntegrated Circuits
Top Product Potential Russia Philippines+$14kRefined Petroleum

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, Russia exported services to Philippines worth $15.6M, with Transportation ($4.03M), Travel ($3.83M), and Computer and information services ($3.37M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Philippines.

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

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