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Pricing

2023
Flag → Flag
Exports $2.4BRnk 10 / 201
2023
Flag → Flag
Top Product $1.01BIntegrated Circuits
2023
Flag → Flag
Exports $5.05BRnk 17 / 212
2023
Flag → Flag
Top Product $2.72BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Philippines-Chinese Taipei Trade: In 2023, Philippines exported $2.4B to Chinese Taipei. The main products that Philippines exported to Chinese Taipei were Integrated Circuits ($1.01B), Office Machine Parts ($235M), and Semiconductor Devices ($90.4M). Over the past 5 years the exports of Philippines to Chinese Taipei have decreased at an annualized rate of 8.32%, from $3.71B in 2018 to $2.4B in 2023.

In 2023, Philippines did not export any services to Chinese Taipei.

Chinese Taipei-Philippines Trade: In 2023, Chinese Taipei exported $5.05B to Philippines. The main products that Chinese Taipei exported to Philippines were Integrated Circuits ($2.72B), Refined Petroleum ($322M), and Semiconductor Devices ($297M). Over the past 5 years the exports of Chinese Taipei to Philippines have decreased at an annualized rate of 5.86%,  from $6.83B in 2018 to $5.05B in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $242M and imported $402M from Chinese Taipei, resulting in a negative trade balance of $160M. Between July 2023 and July 2024 the exports of Philippines have increased by $20M (9.01%) from $222M to $242M, while imports increased by $10.7M (2.74%) from $392M to $402M.

Trade In July 2024, the top exports of Philippines to Chinese Taipei were Integrated Circuits ($75.1M), Commodities not elsewhere specified ($49M), Oscilloscopes ($13.6M), Computers ($12.6M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.63M). In July 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 July 2024, the increase in Philippines's year-by-year exports to Chinese Taipei was explained primarily by an increase in product exports in Commodities not elsewhere specified ($12.2M or 33.3%), Computers ($6.03M or 91.5%), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.57M or 4.04k%). In July 2024, the increase in Philippines's year-by-year imports  from Chinese Taipei was explained primarily by an increase in product imports  in Disc Chemicals for Electronics ($2.12M or 62%), Semiconductor Devices ($2.12M or 49.1%), and Copper Wire ($1.84M or 235%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$20M(9.01%)
IMPORT GROWTH (July 2023 - July 2024)$10.7M(2.74%)

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 Chinese Taipei and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chinese Taipei and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $2.4B to Chinese Taipei. The main products exported from Philippines to Chinese Taipei were Integrated Circuits ($1.01B), Office Machine Parts ($235M), and Semiconductor Devices ($90.4M). During the last 5 years the exports of Philippines to Chinese Taipei have decreased at an annualized rate of 8.32%, from $3.71B in 2018 to $2.4B in 2023.

In 2018, Chinese Taipei exported $5.05B to Philippines. The main products exported from Chinese Taipei to Philippines were Integrated Circuits ($2.72B), Refined Petroleum ($322M), and Semiconductor Devices ($297M). During the last 5 years the exports of Chinese Taipei to Philippines have decreased at an annualized rate of 5.86%, from $6.83B in 2023 to $5.05B in 2018.

Exports from Philippines (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Chinese Taipei
Top DestinationChina$101B

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 2023, countries that imported more from Philippines than Chinese Taipei included Switzerland ($2.25B), Brunei ($69.5M), and Maldives ($20.3M).

In 2023, countries that imported more from Chinese Taipei than Philippines included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Chinese Taipei

Flow
Scale

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

During 2023, Philippines had a large net trade with Chinese Taipei in the exports of Machines ($1.76B), Metals ($221M), and Instruments ($94.9M).

During 2018, Chinese Taipei had a large net trade with Philippines in the exports of Machines ($3.53B), Mineral Products ($350M), and Metals ($314M).

Economic Complexity

Competitive Landscape

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.

Product Space of Philippines (Flag) and Chinese Taipei (Flag) (2023)

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