2023
Flag  
GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH
84.8%CURRENT US$
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2023
Flag
 GDP
$437BCURRENT US$
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2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
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GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195
2023
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GDP PC
$3,805CURRENT US$
Rnk 133 / 196
2013-2023
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GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Romania-Philippines Trade: In 2023, Romania exported $42.9M to Philippines. The main products that Romania exported to Philippines were Wheat ($25.6M), Electrical Control Boards ($6.26M), and Butter ($1.02M). Over the past 5 years the exports of Romania to Philippines have increased at an annualized rate of 12.4%, from $24M in 2018 to $42.9M in 2023.

In 2020, Romania exported services to Philippines worth $5.94M, with Computer and information services ($2.4M), Other business services ($2.17M), and Transportation ($685k) being the largest in terms of value.

Philippines-Romania Trade: In 2023, Philippines exported $57.4M to Romania. The main products that Philippines exported to Romania were Integrated Circuits ($30.3M), Low-voltage Protection Equipment ($3.97M), and Electrical Parts ($2.56M). Over the past 5 years the exports of Philippines to Romania have increased at an annualized rate of 8.39%,  from $38.4M in 2018 to $57.4M in 2023.

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

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $42.9M to Philippines. The main products exported from Romania to Philippines were Wheat ($25.6M), Electrical Control Boards ($6.26M), and Butter ($1.02M). During the last 5 years the exports of Romania to Philippines have increased at an annualized rate of 12.4%, from $24M in 2018 to $42.9M in 2023.

In 2018, Philippines exported $57.4M to Romania. The main products exported from Philippines to Romania were Integrated Circuits ($30.3M), Low-voltage Protection Equipment ($3.97M), and Electrical Parts ($2.56M). During the last 5 years the exports of Philippines to Romania have increased at an annualized rate of 8.39%, from $38.4M in 2023 to $57.4M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Philippines (Flag)

Romania Exports

Philippines Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Philippines
Top Destination
China$19B

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

In 2023, countries that imported more from Romania than Philippines included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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

Comparative Advantage Romania - Philippines

Flow
Scale

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

During 2023, Romania had a large net trade with Philippines in the exports of Vegetable Products ($25.8M), Machines ($11.2M), and Animal Products ($1.27M).

During 2018, Philippines had a large net trade with Romania in the exports of Machines ($44.4M), Foodstuffs ($3.76M), and Instruments ($3.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Philippines+$2.55MSawn Wood
Top Product Potential Philippines Romania+$53MIntegrated 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 Romania and Philippines. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Romania.

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

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