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2023
Flag → Flag
Exports $2.43BRnk 25 / 182
2023
Flag → Flag
Top Product $2.09BCrude Petroleum
2023
Flag → Flag
Exports $197MRnk 30 / 201
2023
Flag → Flag
Top Product $42.6MOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Saudi Arabia-Philippines Trade: In 2023, Saudi Arabia exported $2.43B to Philippines. The main products that Saudi Arabia exported to Philippines were Crude Petroleum ($2.09B), Petroleum Gas ($168M), and Semi-Finished Iron ($51.5M). Over the past 5 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 4.79%, from $1.92B in 2018 to $2.43B in 2023.

In 2023, Saudi Arabia did not export any services to Philippines.

Philippines-Saudi Arabia Trade: In 2023, Philippines exported $197M to Saudi Arabia. The main products that Philippines exported to Saudi Arabia were Office Machine Parts ($42.6M), Bananas ($40.1M), and Electrical Transformers ($10M). Over the past 5 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 2.6%,  from $256M in 2018 to $197M in 2023.

In 2023, Philippines did not export any services to Saudi Arabia.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). 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, Saudi Arabia exported $2.43B to Philippines. The main products exported from Saudi Arabia to Philippines were Crude Petroleum ($2.09B), Petroleum Gas ($168M), and Semi-Finished Iron ($51.5M). During the last 5 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 4.79%, from $1.92B in 2018 to $2.43B in 2023.

In 2018, Philippines exported $197M to Saudi Arabia. The main products exported from Philippines to Saudi Arabia were Office Machine Parts ($42.6M), Bananas ($40.1M), and Electrical Transformers ($10M). During the last 5 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 2.6%, from $256M in 2023 to $197M in 2018.

Exports from Saudi Arabia (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Philippines (Flag)

Saudi Arabia Exports

Philippines Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Saudi Arabia than Philippines included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Philippines than Saudi Arabia included Hong Kong ($11.7B), Mexico ($3.02B), and Germany ($4.91B).

Difference in imports from Philippines (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Philippines

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Philippines in the exports of Mineral Products ($2.27B), Plastics and Rubbers ($63.2M), and Metals ($54.3M).

During 2018, Philippines had a large net trade with Saudi Arabia in the exports of Machines ($80.9M), Vegetable Products ($51.2M), and Foodstuffs ($22.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Philippines+$12.1kRefined Petroleum
Top Product Potential Philippines Saudi Arabia+$9.79kGold

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 Saudi Arabia and Philippines. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Philippines (Flag) (2023)

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