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2023
Flag → Flag
Exports $23.9MRnk 93 / 211
2023
Flag → Flag
Top Product $5.48MOther Electrical Machinery
2023
Flag → Flag
Exports $49MRnk 51 / 201
2023
Flag → Flag
Top Product $9.73MBroadcasting Accessories
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Portugal-Philippines Trade: In 2023, Portugal exported $23.9M to Philippines. The main products that Portugal exported to Philippines were Other Electrical Machinery ($5.48M), Packaged Medicaments ($1.73M), and Agglomerated Cork ($1.05M). Over the past 5 years the exports of Portugal to Philippines have increased at an annualized rate of 8.63%, from $15.8M in 2018 to $23.9M in 2023.

In 2003, Portugal exported services to Philippines worth $19.3M, with Services not allocated ($19.3M) being the largest in terms of value.

Philippines-Portugal Trade: In 2023, Philippines exported $49M to Portugal. The main products that Philippines exported to Portugal were Broadcasting Accessories ($9.73M), Integrated Circuits ($8.73M), and Palm Oil ($5.75M). Over the past 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 1.63%,  from $62.7M in 2018 to $49M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €846k and imported €2.45M from Philippines, resulting in a negative trade balance of €1.61M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-440 (-0.052%) from €846k to €846k, while imports decreased by €-937k (-27.7%) from €3.39M to €2.45M.

Trade In November 2024, the top exports of Portugal to Philippines were Headgear (€81.4k), Cork & cork articles (€57.7k), Perfumery & cosmetics (€54.8k), Aluminum articles (€52.8k), and Stone, plaster, cement, asbestos, mica. (€44.4k). In November 2024 the top imports of Portugal from Philippines were Electrical machinery and electronics (€3.87M), Animal or vegetable fats, oils, &... (€1.22M), Machinery, mechanical appliances, & parts (€169k), Fish, Crustaceans & Molluscs (€135k), and Man-made staple fibres (€130k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Food residues & wastes; animal fodder (€-79.7k or -99.9%), Optical, photo, & film equipment; medical... (€-78.6k or -90.1%), and Machinery, mechanical appliances, & parts (€-76.5k or -85.7%). In November 2024, the decrease in Portugal's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Rubber & articles thereof (€-221k or -83.8%), Optical, photo, & film equipment; medical... (€-147k or -96.4%), and Plastics & articles thereof (€-21.9k or -67.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-440(-0.052%)
IMPORT GROWTH (November 2023 - November 2024)€-937k(-27.7%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Philippines and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $23.9M to Philippines. The main products exported from Portugal to Philippines were Other Electrical Machinery ($5.48M), Packaged Medicaments ($1.73M), and Agglomerated Cork ($1.05M). During the last 5 years the exports of Portugal to Philippines have increased at an annualized rate of 8.63%, from $15.8M in 2018 to $23.9M in 2023.

In 2018, Philippines exported $49M to Portugal. The main products exported from Philippines to Portugal were Broadcasting Accessories ($9.73M), Integrated Circuits ($8.73M), and Palm Oil ($5.75M). During the last 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 1.63%, from $62.7M in 2023 to $49M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Portugal than Philippines included Spain ($17.7B), France ($9.19B), and Italy ($3.83B).

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

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

Comparative Advantage Portugal - Philippines

Flow
Scale

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

During 2023, Portugal had a large net trade with Philippines in the exports of Machines ($11.4M), Chemical Products ($2.39M), and Wood Products ($1.95M).

During 2018, Philippines had a large net trade with Portugal in the exports of Machines ($29.3M), Animal and Vegetable Bi-Products ($6.4M), and Plastics and Rubbers ($5.28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Philippines+$2.85MDelivery Trucks
Top Product Potential Philippines Portugal+$32.2MIntegrated 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 Portugal and Philippines. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Portugal.

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

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