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2023
Flag → Flag
Exports $312MRnk 28 / 201
2023
Flag → Flag
Top Product $45.2MOffice Machine Parts
2023
Flag → Flag
Exports $245MRnk 102 / 216
2023
Flag → Flag
Top Product $72.8MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Philippines-Turkey Trade: In 2023, Philippines exported $312M to Turkey. The main products that Philippines exported to Turkey were Office Machine Parts ($45.2M), Passenger and Cargo Ships ($33.8M), and Integrated Circuits ($31.5M). Over the past 5 years the exports of Philippines to Turkey have increased at an annualized rate of 18.7%, from $132M in 2018 to $312M in 2023.

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

Turkey-Philippines Trade: In 2023, Turkey exported $245M to Philippines. The main products that Turkey exported to Philippines were Planes, Helicopters, and/or Spacecraft ($72.8M), Packaged Medicaments ($14.7M), and Kraft Paper ($9.95M). Over the past 5 years the exports of Turkey to Philippines have increased at an annualized rate of 1.6%,  from $226M in 2018 to $245M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $10.3M and imported $15.6M from Turkey, resulting in a negative trade balance of $5.25M. Between July 2023 and July 2024 the exports of Philippines have increased by $4.99M (94%) from $5.31M to $10.3M, while imports increased by $1.36M (9.6%) from $14.2M to $15.6M.

Trade In July 2024, the top exports of Philippines to Turkey were Aircraft parts (gliders, balloons, and powered... ($716k), Commodities not elsewhere specified ($565k), Coconuts, Brazil Nuts, and Cashews ($421k), Vegetable Saps ($411k), and Other Rubber Products ($352k). In July 2024 the top imports of Philippines from Turkey were Kraft Paper ($1.1M), Mill Machinery ($860k), Electrical Transformers ($674k), Non-Knit Women's Suits ($635k), and Other knitted or crocheted fabrics. ($522k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Turkey was explained primarily by an increase in product exports in Aircraft parts (gliders, balloons, and powered... ($555k or 344%), Vegetable Saps ($306k or 291%), and Shaving Products ($286k or 1.96k%). In July 2024, the increase in Philippines's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Mill Machinery ($848k or 7.03k%), Electrical Transformers ($545k or 425%), and Non-Knit Women's Suits ($528k or 495%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$4.99M(94%)
IMPORT GROWTH (July 2023 - July 2024)$1.36M(9.6%)

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 Turkey and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $312M to Turkey. The main products exported from Philippines to Turkey were Office Machine Parts ($45.2M), Passenger and Cargo Ships ($33.8M), and Integrated Circuits ($31.5M). During the last 5 years the exports of Philippines to Turkey have increased at an annualized rate of 18.7%, from $132M in 2018 to $312M in 2023.

In 2018, Turkey exported $245M to Philippines. The main products exported from Turkey to Philippines were Planes, Helicopters, and/or Spacecraft ($72.8M), Packaged Medicaments ($14.7M), and Kraft Paper ($9.95M). During the last 5 years the exports of Turkey to Philippines have increased at an annualized rate of 1.6%, from $226M in 2023 to $245M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Philippines than Turkey included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Turkey than Philippines included Germany ($24.7B), United Arab Emirates ($14.7B), and United Kingdom ($15.1B).

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

Comparative Advantage Philippines - Turkey

Flow
Scale

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

During 2023, Philippines had a large net trade with Turkey in the exports of Machines ($159M), Transportation ($36.9M), and Precious Metals ($30.1M).

During 2018, Turkey had a large net trade with Philippines in the exports of Transportation ($79.4M), Machines ($41.2M), and Chemical Products ($27.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Turkey+$93.3MGold
Top Product Potential Turkey Philippines+$7.25MPackaged 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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Economic Complexity

Competitive Landscape

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

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

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