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2022
Flag → Flag
Exports $752kRnk 62 / 126
2022
Flag → Flag
Top Product $718kDried Legumes
2022
Flag → Flag
Exports $632kRnk 145 / 205
2022
Flag → Flag
Top Product $303kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Venezuela-Philippines Trade: In 2022, Venezuela exported $752k to Philippines. The main products that Venezuela exported to Philippines were Dried Legumes ($718k), Acyclic Alcohols ($11.4k), and Electrical Control Boards ($7.7k). Over the past 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 49.5%, from $101k in 2017 to $752k in 2022.

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

Philippines-Venezuela Trade: In 2022, Philippines exported $632k to Venezuela. The main products that Philippines exported to Venezuela were Coconuts, Brazil Nuts, and Cashews ($303k), Vegetable Saps ($213k), and Concentrated Milk ($68.5k). Over the past 5 years the exports of Philippines to Venezuela have decreased at an annualized rate of 4.81%,  from $808k in 2017 to $632k in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $752k to Philippines. The main products exported from Venezuela to Philippines were Dried Legumes ($718k), Acyclic Alcohols ($11.4k), and Electrical Control Boards ($7.7k). During the last 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 49.5%, from $101k in 2017 to $752k in 2022.

In 2017, Philippines exported $632k to Venezuela. The main products exported from Philippines to Venezuela were Coconuts, Brazil Nuts, and Cashews ($303k), Vegetable Saps ($213k), and Concentrated Milk ($68.5k). During the last 5 years the exports of Philippines to Venezuela have decreased at an annualized rate of 4.81%, from $808k in 2022 to $632k in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Venezuela than Philippines included Turkey ($597M), Lebanon ($150M), and Spain ($518M).

In 2022, countries that imported more from Philippines than Venezuela included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Venezuela - Philippines

Flow
Scale

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

During 2022, Venezuela had a large net trade with Philippines in the exports of Vegetable Products ($718k), Machines ($18.1k), and Chemical Products ($11.4k).

During 2017, Philippines had a large net trade with Venezuela in the exports of Vegetable Products ($517k), Animal Products ($68.5k), and Instruments ($29.7k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Venezuela and Philippines. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Venezuela.

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

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