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2023
Flag → Flag
Exports $7.49BRnk 13 / 217
2023
Flag → Flag
Top Product $1.82BRefined Petroleum
2023
Flag → Flag
Exports $4.81BRnk 6 / 201
2023
Flag → Flag
Top Product $3.25BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Singapore-Philippines Trade: In 2023, Singapore exported $7.49B to Philippines. The main products that Singapore exported to Philippines were Refined Petroleum ($1.82B), Integrated Circuits ($1.09B), and Special Purpose Ships ($605M). Over the past 5 years the exports of Singapore to Philippines have increased at an annualized rate of 2.87%, from $6.5B in 2018 to $7.49B in 2023.

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

Philippines-Singapore Trade: In 2023, Philippines exported $4.81B to Singapore. The main products that Philippines exported to Singapore were Integrated Circuits ($3.25B), Semiconductor Devices ($295M), and Office Machine Parts ($123M). Over the past 5 years the exports of Philippines to Singapore have decreased at an annualized rate of 12.5%,  from $9.37B in 2018 to $4.81B in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $7.49B to Philippines. The main products exported from Singapore to Philippines were Refined Petroleum ($1.82B), Integrated Circuits ($1.09B), and Special Purpose Ships ($605M). During the last 5 years the exports of Singapore to Philippines have increased at an annualized rate of 2.87%, from $6.5B in 2018 to $7.49B in 2023.

In 2018, Philippines exported $4.81B to Singapore. The main products exported from Philippines to Singapore were Integrated Circuits ($3.25B), Semiconductor Devices ($295M), and Office Machine Parts ($123M). During the last 5 years the exports of Philippines to Singapore have decreased at an annualized rate of 12.5%, from $9.37B in 2023 to $4.81B in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Philippines (Flag)

Singapore Exports

Philippines Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Singapore than Philippines included Hong Kong ($44.5B), Malaysia ($31.4B), and United States ($32.9B).

In 2023, countries that imported more from Philippines than Singapore included Japan ($11.4B), Mexico ($3.02B), and Canada ($1.59B).

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

Comparative Advantage Singapore - Philippines

Flow
Scale

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

During 2023, Singapore had a large net trade with Philippines in the exports of Machines ($2.87B), Mineral Products ($1.83B), and Transportation ($819M).

During 2018, Philippines had a large net trade with Singapore in the exports of Machines ($4.19B), Instruments ($142M), and Mineral Products ($116M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Philippines+$255MIntegrated Circuits
Top Product Potential Philippines Singapore+$755MIntegrated 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 Singapore and Philippines. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Singapore.

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

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