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2022
Flag → Flag
Exports $2.37BRnk 29 / 138
2022
Flag → Flag
Top Product $1.63BCrude Petroleum
2022
Flag → Flag
Exports $73MRnk 44 / 205
2022
Flag → Flag
Top Product $22.9MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Saudi Arabia-Philippines Trade: In 2022, Saudi Arabia exported $2.37B to Philippines. The main products that Saudi Arabia exported to Philippines were Crude Petroleum ($1.63B), Refined Petroleum ($470M), and Petroleum Gas ($145M). Over the past 5 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 16.2%, from $1.12B in 2017 to $2.37B in 2022.

In 2022, Saudi Arabia did not export any services to Philippines.

Philippines-Saudi Arabia Trade: In 2022, Philippines exported $73M to Saudi Arabia. The main products that Philippines exported to Saudi Arabia were Bananas ($22.9M), Baked Goods ($6.08M), and Sauces and Seasonings ($5.96M). Over the past 5 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 16.8%,  from $220M in 2017 to $73M in 2022.

In 2022, Philippines did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $2.37B to Philippines. The main products exported from Saudi Arabia to Philippines were Crude Petroleum ($1.63B), Refined Petroleum ($470M), and Petroleum Gas ($145M). During the last 5 years the exports of Saudi Arabia to Philippines have increased at an annualized rate of 16.2%, from $1.12B in 2017 to $2.37B in 2022.

In 2017, Philippines exported $73M to Saudi Arabia. The main products exported from Philippines to Saudi Arabia were Bananas ($22.9M), Baked Goods ($6.08M), and Sauces and Seasonings ($5.96M). During the last 5 years the exports of Philippines to Saudi Arabia have decreased at an annualized rate of 16.8%, from $220M in 2022 to $73M in 2017.

Exports from Saudi Arabia (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

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

Saudi Arabia Exports

Philippines Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Philippines
Top DestinationUnited States$15.5B

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 2022, countries that imported more from Saudi Arabia than Philippines included China ($68B), India ($46.2B), and South Korea ($36B).

In 2022, countries that imported more from Philippines than Saudi Arabia included Hong Kong ($12.6B), Switzerland ($4.1B), and Mexico ($2.69B).

Difference in imports from Philippines (Flag) and Saudi Arabia (Flag) (2022)

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 2022, Saudi Arabia had a large net trade with Philippines in the exports of Mineral Products ($2.26B), Plastics and Rubbers ($71M), and Chemical Products ($40M).

During 2017, Philippines had a large net trade with Saudi Arabia in the exports of Vegetable Products ($28.6M), Foodstuffs ($25.7M), and Machines ($4.12M).

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) (2022)

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