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2023
Flag → Flag
Exports $3.13BRnk 8 / 201
2023
Flag → Flag
Top Product $560MIntegrated Circuits
2023
Flag → Flag
Exports $8.3BRnk 12 / 216
2023
Flag → Flag
Top Product $1.47BCars
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Philippines-Thailand Trade: In 2023, Philippines exported $3.13B to Thailand. The main products that Philippines exported to Thailand were Integrated Circuits ($560M), Refined Copper ($538M), and Office Machine Parts ($526M). Over the past 5 years the exports of Philippines to Thailand have decreased at an annualized rate of 3.66%, from $3.78B in 2018 to $3.13B in 2023.

In 2023, Philippines did not export any services to Thailand.

Thailand-Philippines Trade: In 2023, Thailand exported $8.3B to Philippines. The main products that Thailand exported to Philippines were Cars ($1.47B), Delivery Trucks ($1.29B), and Integrated Circuits ($508M). Over the past 5 years the exports of Thailand to Philippines have increased at an annualized rate of 0.19%,  from $8.23B in 2018 to $8.3B in 2023.

In 2023, Thailand did not export any services to Philippines.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $237M and imported $654M from Thailand, resulting in a negative trade balance of $418M. Between July 2023 and July 2024 the exports of Philippines have increased by $22.6M (10.5%) from $214M to $237M, while imports decreased by $-15.6M (-2.33%) from $670M to $654M.

Trade In July 2024, the top exports of Philippines to Thailand were Integrated Circuits ($52.7M), Refined Copper ($39.7M), Office Machine Parts ($35.5M), Motor vehicles; parts and accessories (8701... ($20.9M), and Crude Petroleum ($14M). In July 2024 the top imports of Philippines from Thailand were Delivery Trucks ($94M), Cars ($70.9M), Commodities not elsewhere specified ($27.1M), Integrated Circuits ($22.8M), and Air Conditioners ($15.7M).

Growth In July 2024, the increase in Philippines's year-by-year exports to Thailand was explained primarily by an increase in product exports in Integrated Circuits ($5.8M or 12.4%), Rolled Tobacco ($5.29M or 236%), and Revolution Counters ($2.22M or 144%). In July 2024, the decrease in Philippines's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Office Machine Parts ($-10.7M or -62%), Rice ($-10.2M or -76.4%), and Vaccines, blood, antisera, toxins and cultures ($-9.6M or -99.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$22.6M(10.5%)
IMPORT GROWTH (July 2023 - July 2024)$-15.6M(-2.33%)

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 Thailand and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $3.13B to Thailand. The main products exported from Philippines to Thailand were Integrated Circuits ($560M), Refined Copper ($538M), and Office Machine Parts ($526M). During the last 5 years the exports of Philippines to Thailand have decreased at an annualized rate of 3.66%, from $3.78B in 2018 to $3.13B in 2023.

In 2018, Thailand exported $8.3B to Philippines. The main products exported from Thailand to Philippines were Cars ($1.47B), Delivery Trucks ($1.29B), and Integrated Circuits ($508M). During the last 5 years the exports of Thailand to Philippines have increased at an annualized rate of 0.19%, from $8.23B in 2023 to $8.3B in 2018.

Exports from Philippines (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Philippines than Thailand included Guam ($22.7M), Malta ($40.4M), and Northern Mariana Islands ($4.48M).

In 2023, countries that imported more from Thailand than Philippines included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Thailand

Flow
Scale

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

During 2023, Philippines had a large net trade with Thailand in the exports of Machines ($1.61B), Metals ($643M), and Transportation ($232M).

During 2018, Thailand had a large net trade with Philippines in the exports of Transportation ($3.08B), Machines ($1.53B), and Foodstuffs ($973M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Thailand+$396MIntegrated Circuits
Top Product Potential Thailand Philippines+$154MIntegrated 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 Thailand. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Thailand (Flag) (2023)

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