2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

China-Philippines Trade: In 2022, China exported $53.6B to Philippines. The main products that China exported to Philippines were Refined Petroleum ($2.44B), Integrated Circuits ($1.53B), and Broadcasting Equipment ($1.3B). Over the past 5 years the exports of China to Philippines have increased at an annualized rate of 12.9%, from $29.2B in 2017 to $53.6B in 2022.

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

Philippines-China Trade: In 2022, Philippines exported $15.3B to China. The main products that Philippines exported to China were Integrated Circuits ($5.83B), Office Machine Parts ($1.33B), and Nickel Ore ($1.2B). Over the past 5 years the exports of Philippines to China have increased at an annualized rate of 4.09%,  from $12.6B in 2017 to $15.3B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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, China exported $53.6B to Philippines. The main products exported from China to Philippines were Refined Petroleum ($2.44B), Integrated Circuits ($1.53B), and Broadcasting Equipment ($1.3B). During the last 5 years the exports of China to Philippines have increased at an annualized rate of 12.9%, from $29.2B in 2017 to $53.6B in 2022.

In 2017, Philippines exported $15.3B to China. The main products exported from Philippines to China were Integrated Circuits ($5.83B), Office Machine Parts ($1.33B), and Nickel Ore ($1.2B). During the last 5 years the exports of Philippines to China have increased at an annualized rate of 4.09%, from $12.6B in 2022 to $15.3B in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Philippines
Top Destination
United States$15.5B

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

In 2022, countries that imported more from China than Philippines included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Philippines than China included Guam ($16.8M), Northern Mariana Islands ($3.85M), and Norfolk Island ($5.29M).

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

Comparative Advantage China - Philippines

Flow
Scale

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

During 2022, China had a large net trade with Philippines in the exports of Machines ($14.4B), Metals ($8.32B), and Textiles ($5.24B).

During 2017, Philippines had a large net trade with China in the exports of Machines ($9.51B), Mineral Products ($2.42B), and Metals ($1.13B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Philippines+$865MIntegrated Circuits
Top Product Potential Philippines China+$3.5BIntegrated 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 China and Philippines. This means that a dot/product with the flag of China indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over China.

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

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