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2022
Flag → Flag
Exports $7.36BRnk 12 / 218
2022
Flag → Flag
Top Product $879MCars
2022
Flag → Flag
Exports $3.79BRnk 10 / 205
2022
Flag → Flag
Top Product $781MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Thailand-Philippines Trade: In 2022, Thailand exported $7.36B to Philippines. The main products that Thailand exported to Philippines were Cars ($879M), Delivery Trucks ($749M), and Integrated Circuits ($670M). Over the past 5 years the exports of Thailand to Philippines have decreased at an annualized rate of 0.2%, from $7.44B in 2017 to $7.36B in 2022.

In 2022, Thailand did not export any services to Philippines.

Philippines-Thailand Trade: In 2022, Philippines exported $3.79B to Thailand. The main products that Philippines exported to Thailand were Office Machine Parts ($781M), Integrated Circuits ($731M), and Refined Copper ($457M). Over the past 5 years the exports of Philippines to Thailand have increased at an annualized rate of 1.84%,  from $3.46B in 2017 to $3.79B in 2022.

In 2022, Philippines did not export any services to Thailand.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $7.36B to Philippines. The main products exported from Thailand to Philippines were Cars ($879M), Delivery Trucks ($749M), and Integrated Circuits ($670M). During the last 5 years the exports of Thailand to Philippines have decreased at an annualized rate of 0.2%, from $7.44B in 2017 to $7.36B in 2022.

In 2017, Philippines exported $3.79B to Thailand. The main products exported from Philippines to Thailand were Office Machine Parts ($781M), Integrated Circuits ($731M), and Refined Copper ($457M). During the last 5 years the exports of Philippines to Thailand have increased at an annualized rate of 1.84%, from $3.46B in 2022 to $3.79B in 2017.

Exports from Thailand (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Philippines (Flag)

Thailand Exports

Philippines Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Thailand than Philippines included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Philippines than Thailand included Hong Kong ($12.6B), Switzerland ($4.1B), and Brunei ($138M).

Difference in imports from Philippines (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Philippines

Flow
Scale

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

During 2022, Thailand had a large net trade with Philippines in the exports of Transportation ($2.05B), Machines ($1.82B), and Plastics and Rubbers ($687M).

During 2017, Philippines had a large net trade with Thailand in the exports of Machines ($2.05B), Metals ($552M), and Transportation ($311M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Philippines+$154MIntegrated Circuits
Top Product Potential Philippines Thailand+$396MIntegrated 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 Thailand and Philippines. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Philippines (Flag) (2022)

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