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2022
Flag → Flag
Exports $125MRnk 36 / 205
2022
Flag → Flag
Top Product $38.8MIntegrated Circuits
2022
Flag → Flag
Exports $198MRnk 65 / 217
2022
Flag → Flag
Top Product $41.9MSawn Wood
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Philippines-Sweden Trade: In 2022, Philippines exported $125M to Sweden. The main products that Philippines exported to Sweden were Integrated Circuits ($38.8M), Other Domestic Electric Housewares ($20.8M), and Office Machine Parts ($6.7M). Over the past 5 years the exports of Philippines to Sweden have increased at an annualized rate of 12.6%, from $69.3M in 2017 to $125M in 2022.

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

Sweden-Philippines Trade: In 2022, Sweden exported $198M to Philippines. The main products that Sweden exported to Philippines were Sawn Wood ($41.9M), Other Uncoated Paper ($21.4M), and Documents of title (bonds etc) and unused stamps ($8.52M). Over the past 5 years the exports of Sweden to Philippines have increased at an annualized rate of 1.76%,  from $181M in 2017 to $198M in 2022.

In 2020, Sweden exported services to Philippines worth $199M, with Computer and information services ($115M), Personal, cultural, and recreational services ($76.8M), and Other business services ($2.51M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $3.01M and imported $14.2M from Sweden, resulting in a negative trade balance of $11.2M. Between September 2023 and September 2024 the exports of Philippines have increased by $512k (20.5%) from $2.5M to $3.01M, while imports decreased by $-1.41M (-9.05%) from $15.6M to $14.2M.

Trade In September 2024, the top exports of Philippines to Sweden were N/A. In September 2024 the top imports of Philippines from Sweden were Laboratory Reagents ($5.19M), Packaged Medicaments ($2.81M), Kraft Paper ($2.34M), Other Uncoated Paper ($2.22M), and Kaolin Coated Paper ($944k).

Growth In September 2024, the increase in Philippines's year-by-year exports to Sweden was explained primarily by an increase in product exports in Oscilloscopes ($535k or 1.45k%), Industrial Printers ($472k or 179%), and Rubber Tires ($127k or 422%). In September 2024, the decrease in Philippines's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Sawn Wood ($-3.14M or -89.6%), Electric Batteries ($-1.08M or -99.4%), and Telephones ($-716k or -74.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$512k(20.5%)
IMPORT GROWTH (September 2023 - September 2024)$-1.41M(-9.05%)

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 Sweden and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $125M to Sweden. The main products exported from Philippines to Sweden were Integrated Circuits ($38.8M), Other Domestic Electric Housewares ($20.8M), and Office Machine Parts ($6.7M). During the last 5 years the exports of Philippines to Sweden have increased at an annualized rate of 12.6%, from $69.3M in 2017 to $125M in 2022.

In 2017, Sweden exported $198M to Philippines. The main products exported from Sweden to Philippines were Sawn Wood ($41.9M), Other Uncoated Paper ($21.4M), and Documents of title (bonds etc) and unused stamps ($8.52M). During the last 5 years the exports of Sweden to Philippines have increased at an annualized rate of 1.76%, from $181M in 2022 to $198M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Philippines than Sweden included Hong Kong ($12.6B), Japan ($11.3B), and China ($15.3B).

In 2022, countries that imported more from Sweden than Philippines included Norway ($18.7B), Denmark ($14.6B), and Germany ($19.2B).

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

Comparative Advantage Philippines - Sweden

Flow
Scale

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

During 2022, Philippines had a large net trade with Sweden in the exports of Machines ($82.8M), Foodstuffs ($14M), and Transportation ($7.02M).

During 2017, Sweden had a large net trade with Philippines in the exports of Machines ($52.4M), Paper Goods ($44.3M), and Wood Products ($42.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Sweden+$41.9MIntegrated Circuits
Top Product Potential Sweden Philippines+$10.7MPackaged Medicaments

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, Sweden exported services to Philippines worth $199M, with Computer and information services ($115M), Personal, cultural, and recreational services ($76.8M), and Other business services ($2.51M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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