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2022
Flag → Flag
Exports $954MRnk 65 / 221
2022
Flag → Flag
Top Product $162MIntegrated Circuits
2022
Flag → Flag
Exports $422MRnk 24 / 205
2022
Flag → Flag
Top Product $105MCoconut Oil
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Italy-Philippines Trade: In 2022, Italy exported $954M to Philippines. The main products that Italy exported to Philippines were Integrated Circuits ($162M), Vaccines, blood, antisera, toxins and cultures ($50.9M), and Packaged Medicaments ($34.1M). Over the past 5 years the exports of Italy to Philippines have increased at an annualized rate of 3.22%, from $814M in 2017 to $954M in 2022.

In 2020, Italy exported services to Philippines worth $28.2M, with Travel ($15.1M), Other business services ($6.51M), and Royalties and license fees ($3.31M) being the largest in terms of value.

Philippines-Italy Trade: In 2022, Philippines exported $422M to Italy. The main products that Philippines exported to Italy were Coconut Oil ($105M), Other Domestic Electric Housewares ($53.7M), and Integrated Circuits ($25.1M). Over the past 5 years the exports of Philippines to Italy have increased at an annualized rate of 1.95%,  from $368M in 2017 to $422M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €48.9M and imported €27.5M from Philippines, resulting in a positive trade balance of €21.4M. Between March 2023 and March 2024 the exports of Italy have decreased by €-451k (-0.91%) from €49.4M to €48.9M, while imports increased by €458k (1.69%) from €27.1M to €27.5M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€-451k(-0.91%)
IMPORT GROWTH (March 2023 - March 2024)€458k(1.69%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Philippines and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $954M to Philippines. The main products exported from Italy to Philippines were Integrated Circuits ($162M), Vaccines, blood, antisera, toxins and cultures ($50.9M), and Packaged Medicaments ($34.1M). During the last 5 years the exports of Italy to Philippines have increased at an annualized rate of 3.22%, from $814M in 2017 to $954M in 2022.

In 2017, Philippines exported $422M to Italy. The main products exported from Philippines to Italy were Coconut Oil ($105M), Other Domestic Electric Housewares ($53.7M), and Integrated Circuits ($25.1M). During the last 5 years the exports of Philippines to Italy have increased at an annualized rate of 1.95%, from $368M in 2022 to $422M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Italy than Philippines included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Philippines than Italy included Hong Kong ($12.6B), Singapore ($7.07B), and Japan ($11.3B).

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

Comparative Advantage Italy - Philippines

Flow
Scale

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

During 2022, Italy had a large net trade with Philippines in the exports of Machines ($392M), Chemical Products ($126M), and Foodstuffs ($85.4M).

During 2017, Philippines had a large net trade with Italy in the exports of Machines ($154M), Animal and Vegetable Bi-Products ($105M), and Textiles ($27.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Philippines+$36.7MPackaged Medicaments
Top Product Potential Philippines Italy+$52.9MIntegrated 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 Italy and Philippines. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Italy.

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

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