Philippines (PHL) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Philippines-Chinese Taipei Trade: In 2022, Philippines exported $3.08B to Chinese Taipei. The main products that Philippines exported to Chinese Taipei were Integrated Circuits ($1.64B), Office Machine Parts ($257M), and Semiconductor Devices ($98.3M). Over the past 5 years the exports of Philippines to Chinese Taipei have decreased at an annualized rate of 2.28%, from $3.46B in 2017 to $3.08B in 2022.

In 2022, Philippines did not export any services to Chinese Taipei.

Chinese Taipei-Philippines Trade: In 2022, Chinese Taipei exported $7.53B to Philippines. The main products that Chinese Taipei exported to Philippines were Integrated Circuits ($3.77B), Refined Petroleum ($1.16B), and Semiconductor Devices ($148M). Over the past 5 years the exports of Chinese Taipei to Philippines have decreased at an annualized rate of 6.09%, from $10.3B in 2017 to $7.53B in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Latest Trends

September, 2024

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Overview In September 2024, Philippines exported $192M and imported $350M from Chinese Taipei, resulting in a negative trade balance of $158M. Between September 2023 and September 2024 the exports of Philippines have decreased by $-99.6M (-34.2%) from $291M to $192M, while imports decreased by $-44.8M (-11.3%) from $395M to $350M.

Trade In September 2024, the top exports of Philippines to Chinese Taipei were N/A. In September 2024 the top imports of Philippines from Chinese Taipei were Integrated Circuits ($216M), Commodities not elsewhere specified ($101M), Refined Petroleum ($11.7M), Semiconductor Devices ($6.43M), and Disc Chemicals for Electronics ($5.55M).

Growth In September 2024, the decrease in Philippines's year-by-year exports to Chinese Taipei was explained primarily by an decrease in product exports in Integrated Circuits ($-9.48M or -11.2%), Oscilloscopes ($-2.54M or -15.7%), and Telephones ($-2.5M or -89.8%). In September 2024, the decrease in Philippines's year-by-year imports from Chinese Taipei was explained primarily by an decrease in product imports in Refined Petroleum ($-69M or -85.5%), Integrated Circuits ($-28.6M or -11.7%), and Commodities not elsewhere specified ($-15.1M or -13%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Philippines exported $3.08B to Chinese Taipei. The main products exported from Philippines to Chinese Taipei were Integrated Circuits ($1.64B), Office Machine Parts ($257M), and Semiconductor Devices ($98.3M). During the last 5 years the exports of Philippines to Chinese Taipei have decreased at an annualized rate of 2.28%, from $3.46B in 2017 to $3.08B in 2022.

In 2017, Chinese Taipei exported $7.53B to Philippines. The main products exported from Chinese Taipei to Philippines were Integrated Circuits ($3.77B), Refined Petroleum ($1.16B), and Semiconductor Devices ($148M). During the last 5 years the exports of Chinese Taipei to Philippines have decreased at an annualized rate of 6.09%, from $10.3B in 2022 to $7.53B in 2017.

Exports from Philippines () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Philippines () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Philippines
Top DestinationUnited States$15.5B

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Philippines than Chinese Taipei included Switzerland ($4.1B), Brunei ($138M), and Curaçao ($38.3M).

In 2022, countries that imported more from Chinese Taipei than Philippines included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Philippines () (2022)

Comparative Advantage Philippines - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Philippines had a large net trade with Chinese Taipei in the exports of Machines ($2.4B), Metals ($187M), and Instruments ($135M).

During 2017, Chinese Taipei had a large net trade with Philippines in the exports of Machines ($4.64B), Mineral Products ($1.2B), and Metals ($456M).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Philippines () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Philippines () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Philippines () (2022)

Comparative Advantage Philippines - Chinese Taipei

Economic Complexity

Competitive Landscape

Product Space of Philippines () and Chinese Taipei () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Philippines () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Philippines () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Philippines () (2022)

Comparative Advantage Philippines - Chinese Taipei

Economic Complexity

Competitive Landscape

Product Space of Philippines () and Chinese Taipei () (2022)

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