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2022
Flag → Flag
Exports $279MRnk 27 / 205
2022
Flag → Flag
Top Product $64.7MGold
2022
Flag → Flag
Exports $325MRnk 97 / 219
2022
Flag → Flag
Top Product $152MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Philippines-Turkey Trade: In 2022, Philippines exported $279M to Turkey. The main products that Philippines exported to Turkey were Gold ($64.7M), Office Machine Parts ($40.4M), and Passenger and Cargo Ships ($24.4M). Over the past 5 years the exports of Philippines to Turkey have increased at an annualized rate of 12%, from $158M in 2017 to $279M in 2022.

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

Turkey-Philippines Trade: In 2022, Turkey exported $325M to Philippines. The main products that Turkey exported to Philippines were Planes, Helicopters, and/or Spacecraft ($152M), Aircraft Parts ($9.35M), and Pasta ($8.68M). Over the past 5 years the exports of Turkey to Philippines have increased at an annualized rate of 7.46%,  from $170M in 2017 to $325M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

September, 2024

About

Overview In September 2024, Philippines exported $12.3M and imported $13.6M from Turkey, resulting in a negative trade balance of $1.35M. Between September 2023 and September 2024 the exports of Philippines have increased by $7.09M (136%) from $5.2M to $12.3M, while imports decreased by $-426k (-3.03%) from $14.1M to $13.6M.

Trade In September 2024, the top exports of Philippines to Turkey were Aircraft Parts ($716k), Commodities not elsewhere specified ($565k), Coconuts, Brazil Nuts, and Cashews ($421k), Vegetable Saps ($411k), and Other Rubber Products ($352k). In September 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 September 2024, the increase in Philippines's year-by-year exports to Turkey was explained primarily by an increase in product exports in Aircraft Parts ($555k or 344%), Vegetable Saps ($306k or 291%), and Shaving Products ($286k or 1.96k%). In September 2024, the decrease in Philippines's year-by-year imports  from Turkey was explained primarily by an decrease in product imports  in Aircraft Parts ($-26.9M or -100%), Packaged Medicaments ($-1.68M or -76.7%), and Tobacco Processing Machines ($-452k or -86.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$7.09M(136%)
IMPORT GROWTH (September 2023 - September 2024)$-426k(-3.03%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $279M to Turkey. The main products exported from Philippines to Turkey were Gold ($64.7M), Office Machine Parts ($40.4M), and Passenger and Cargo Ships ($24.4M). During the last 5 years the exports of Philippines to Turkey have increased at an annualized rate of 12%, from $158M in 2017 to $279M in 2022.

In 2017, Turkey exported $325M to Philippines. The main products exported from Turkey to Philippines were Planes, Helicopters, and/or Spacecraft ($152M), Aircraft Parts ($9.35M), and Pasta ($8.68M). During the last 5 years the exports of Turkey to Philippines have increased at an annualized rate of 7.46%, from $170M in 2022 to $325M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Turkey than Philippines included Germany ($21.9B), Iraq ($13.7B), and Italy ($12.6B).

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

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 2022, Philippines had a large net trade with Turkey in the exports of Machines ($116M), Precious Metals ($64.8M), and Transportation ($28.6M).

During 2017, Turkey had a large net trade with Philippines in the exports of Transportation ($169M), Machines ($42M), and Chemical Products ($20.8M).

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) (2022)

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