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Pricing

2022
Flag → Flag
Exports $7.07BRnk 5 / 205
2022
Flag → Flag
Top Product $5.22BIntegrated Circuits
2022
Flag → Flag
Exports $9.28BRnk 13 / 215
2022
Flag → Flag
Top Product $2.06BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Philippines-Singapore Trade: In 2022, Philippines exported $7.07B to Singapore. The main products that Philippines exported to Singapore were Integrated Circuits ($5.22B), Semiconductor Devices ($293M), and Office Machine Parts ($278M). Over the past 5 years the exports of Philippines to Singapore have increased at an annualized rate of 5.07%, from $5.52B in 2017 to $7.07B in 2022.

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

Singapore-Philippines Trade: In 2022, Singapore exported $9.28B to Philippines. The main products that Singapore exported to Philippines were Refined Petroleum ($2.06B), Integrated Circuits ($1.43B), and Broadcasting Equipment ($545M). Over the past 5 years the exports of Singapore to Philippines have increased at an annualized rate of 8.97%,  from $6.04B in 2017 to $9.28B in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $259M and imported $499M from Singapore, resulting in a negative trade balance of $240M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-88.3M (-25.4%) from $347M to $259M, while imports decreased by $-76.4M (-13.3%) from $575M to $499M.

Trade In August 2024, the top exports of Philippines to Singapore were Commodities not elsewhere specified ($119M), Integrated Circuits ($86.3M), Copper Ore ($39.4M), Oscilloscopes ($11.5M), and Aircraft Parts ($8.42M). In August 2024 the top imports of Philippines from Singapore were Refined Petroleum ($143M), Integrated Circuits ($77.4M), Telephones ($77.3M), Other Sea Vessels ($62M), and Commodities not elsewhere specified ($54.2M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Integrated Circuits ($-78.6M or -47.7%), Commodities not elsewhere specified ($-24.1M or -16.8%), and Computers ($-9.01M or -63.2%). In August 2024, the decrease in Philippines's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Blank Audio Media ($-27.5M or -96.6%), Commodities not elsewhere specified ($-24M or -30.7%), and Computers ($-15.7M or -50.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-88.3M(-25.4%)
IMPORT GROWTH (August 2023 - August 2024)$-76.4M(-13.3%)

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 Singapore and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $7.07B to Singapore. The main products exported from Philippines to Singapore were Integrated Circuits ($5.22B), Semiconductor Devices ($293M), and Office Machine Parts ($278M). During the last 5 years the exports of Philippines to Singapore have increased at an annualized rate of 5.07%, from $5.52B in 2017 to $7.07B in 2022.

In 2017, Singapore exported $9.28B to Philippines. The main products exported from Singapore to Philippines were Refined Petroleum ($2.06B), Integrated Circuits ($1.43B), and Broadcasting Equipment ($545M). During the last 5 years the exports of Singapore to Philippines have increased at an annualized rate of 8.97%, from $6.04B in 2022 to $9.28B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Philippines than Singapore included United Kingdom ($4.52B), Mexico ($2.69B), and Canada ($1.36B).

In 2022, countries that imported more from Singapore than Philippines included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Philippines - Singapore

Flow
Scale

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

During 2022, Philippines had a large net trade with Singapore in the exports of Machines ($6.25B), Mineral Products ($240M), and Instruments ($159M).

During 2017, Singapore had a large net trade with Philippines in the exports of Machines ($4.27B), Mineral Products ($2.07B), and Chemical Products ($655M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Singapore+$755MIntegrated Circuits
Top Product Potential Singapore Philippines+$255MIntegrated Circuits

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

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

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