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2022
Flag → Flag
Exports $3.79BRnk 10 / 205
2022
Flag → Flag
Top Product $781MOffice Machine Parts
2022
Flag → Flag
Exports $7.36BRnk 12 / 218
2022
Flag → Flag
Top Product $879MCars
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Philippines-Thailand Trade: In 2022, Philippines exported $3.79B to Thailand. The main products that Philippines exported to Thailand were Office Machine Parts ($781M), Integrated Circuits ($731M), and Refined Copper ($457M). Over the past 5 years the exports of Philippines to Thailand have increased at an annualized rate of 1.84%, from $3.46B in 2017 to $3.79B in 2022.

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

Thailand-Philippines Trade: In 2022, Thailand exported $7.36B to Philippines. The main products that Thailand exported to Philippines were Cars ($879M), Delivery Trucks ($749M), and Integrated Circuits ($670M). Over the past 5 years the exports of Thailand to Philippines have decreased at an annualized rate of 0.2%,  from $7.44B in 2017 to $7.36B in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $213M and imported $636M from Thailand, resulting in a negative trade balance of $424M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-62.1M (-22.6%) from $275M to $213M, while imports decreased by $-112M (-14.9%) from $748M to $636M.

Trade In August 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 August 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 August 2024, the decrease in Philippines's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Office Machine Parts ($-32M or -47.4%), Motor vehicles; parts and accessories (8701... ($-18.8M or -47.3%), and Processed Tobacco ($-8.24M or -92%). In August 2024, the decrease in Philippines's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Office Machine Parts ($-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 (August 2023 - August 2024)$-62.1M(-22.6%)
IMPORT GROWTH (August 2023 - August 2024)$-112M(-14.9%)

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 2022, Philippines exported $3.79B to Thailand. The main products exported from Philippines to Thailand were Office Machine Parts ($781M), Integrated Circuits ($731M), and Refined Copper ($457M). During the last 5 years the exports of Philippines to Thailand have increased at an annualized rate of 1.84%, from $3.46B in 2017 to $3.79B in 2022.

In 2017, Thailand exported $7.36B to Philippines. The main products exported from Thailand to Philippines were Cars ($879M), Delivery Trucks ($749M), and Integrated Circuits ($670M). During the last 5 years the exports of Thailand to Philippines have decreased at an annualized rate of 0.2%, from $7.44B in 2022 to $7.36B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Thailand
Top DestinationUnited States$53.4B

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 2022, countries that imported more from Philippines than Thailand included Hong Kong ($12.6B), Switzerland ($4.1B), and Brunei ($138M).

In 2022, countries that imported more from Thailand than Philippines included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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 2022, Philippines had a large net trade with Thailand in the exports of Machines ($2.05B), Metals ($552M), and Transportation ($311M).

During 2017, Thailand had a large net trade with Philippines in the exports of Transportation ($2.05B), Machines ($1.82B), and Plastics and Rubbers ($687M).

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) (2022)

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