2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH
56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH
19.8%CURRENT US$
Rnk 90 / 186

About

Philippines-Senegal Trade: In 2022, Philippines exported $513k to Senegal. The main products that Philippines exported to Senegal were Beauty Products ($98.2k), Sowing Seeds ($83.7k), and Packing Bags ($82.3k). Over the past 5 years the exports of Philippines to Senegal have decreased at an annualized rate of 22.7%, from $1.86M in 2017 to $513k in 2022.

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

Senegal-Philippines Trade: In 2022, Senegal exported $14.9k to Philippines. The main products that Senegal exported to Philippines were Self-adhesive Plastics ($12.4k), Other Electrical Machinery ($1.19k), and Light Pure Woven Cotton ($580). Over the past 5 years the exports of Senegal to Philippines have decreased at an annualized rate of 6.13%,  from $20.4k in 2017 to $14.9k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $513k to Senegal. The main products exported from Philippines to Senegal were Beauty Products ($98.2k), Sowing Seeds ($83.7k), and Packing Bags ($82.3k). During the last 5 years the exports of Philippines to Senegal have decreased at an annualized rate of 22.7%, from $1.86M in 2017 to $513k in 2022.

In 2017, Senegal exported $14.9k to Philippines. The main products exported from Senegal to Philippines were Self-adhesive Plastics ($12.4k), Other Electrical Machinery ($1.19k), and Light Pure Woven Cotton ($580). During the last 5 years the exports of Senegal to Philippines have decreased at an annualized rate of 6.13%, from $20.4k in 2022 to $14.9k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Senegal
Top Destination
Mali$1.13B

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

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

In 2022, countries that imported more from Senegal than Philippines included Mali ($1.13B), Guinea ($182M), and Gambia ($177M).

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

Comparative Advantage Philippines - Senegal

Flow
Scale

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

During 2022, Philippines had a large net trade with Senegal in the exports of Machines ($179k), Chemical Products ($158k), and Vegetable Products ($83.7k).

During 2017, Senegal had a large net trade with Philippines in the exports of Plastics and Rubbers ($12.4k), Textiles ($1.35k), and Machines ($1.19k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Senegal+$117kCentrifuges
Top Product Potential Senegal Philippines+$6.78kRefined 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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Economic Complexity

Competitive Landscape

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

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

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