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2022
Flag → Flag
Exports $15.3BRnk 2 / 205
2022
Flag → Flag
Top Product $5.83BIntegrated Circuits
2022
Flag → Flag
Exports $53.6BRnk 23 / 211
2022
Flag → Flag
Top Product $2.44BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

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.

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.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $868M and imported $2.87B from China, resulting in a negative trade balance of $2B. Between June 2023 and June 2024 the exports of Philippines have decreased by $-131M (-13.1%) from $999M to $868M, while imports increased by $125M (4.56%) from $2.74B to $2.87B.

Trade In June 2024, the top exports of Philippines to China were Integrated Circuits ($225M), Commodities not elsewhere specified ($85M), Refined Copper ($60.5M), Nickel Ore ($56.5M), and Electrical Capacitors ($38.7M). In June 2024 the top imports of Philippines from China were Refined Petroleum ($301M), Commodities not elsewhere specified ($124M), Coated Flat-Rolled Iron ($54.4M), Unglazed Ceramics ($54.2M), and Integrated Circuits ($52.6M).

Growth In June 2024, the decrease in Philippines's year-by-year exports to China was explained primarily by an decrease in product exports in Refined Copper ($-88.6M or -59.4%), Computers ($-11.4M or -38.6%), and Cyclic Hydrocarbons ($-8.27M or -61.2%). In May 2024, the increase in Philippines's year-by-year imports  from China was explained primarily by an increase in product imports  in Refined Petroleum ($243M or 420%), Electrical Transformers ($22.8M or 105%), and Semiconductor Devices ($20.2M or 118%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-131M(-13.1%)
IMPORT GROWTH (May 2023 - May 2024)$125M(4.56%)

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

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

For full datasets download visit Bulk Download page.

Explore China and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $15.3B in 2022.

In 2017, 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 2022 to $53.6B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
China
Top DestinationUnited States$551B

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

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

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

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

Comparative Advantage Philippines - China

Flow
Scale

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

During 2022, Philippines had a large net trade with China in the exports of Machines ($9.51B), Mineral Products ($2.42B), and Metals ($1.13B).

During 2017, China had a large net trade with Philippines in the exports of Machines ($14.4B), Metals ($8.32B), and Textiles ($5.24B).

Potential Exports

Potential Exports

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

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

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