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2022
Flag → Flag
Exports $47.1MRnk 55 / 205
2022
Flag → Flag
Top Product $16.4MOffice Machine Parts
2022
Flag → Flag
Exports $13.8MRnk 81 / 187
2022
Flag → Flag
Top Product $6.33MPesticides
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Philippines-Colombia Trade: In 2022, Philippines exported $47.1M to Colombia. The main products that Philippines exported to Colombia were Office Machine Parts ($16.4M), Electrical Transformers ($3.6M), and Ink ($3.15M). Over the past 5 years the exports of Philippines to Colombia have decreased at an annualized rate of 3.72%, from $56.9M in 2017 to $47.1M in 2022.

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

Colombia-Philippines Trade: In 2022, Colombia exported $13.8M to Philippines. The main products that Colombia exported to Philippines were Pesticides ($6.33M), Packaged Medicaments ($1.28M), and Bandages ($1.01M). Over the past 5 years the exports of Colombia to Philippines have decreased at an annualized rate of 4.02%,  from $16.9M in 2017 to $13.8M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $1.4M and imported $953k from Colombia, resulting in a positive trade balance of $445k. Between June 2023 and June 2024 the exports of Philippines have decreased by $-921k (-39.7%) from $2.32M to $1.4M, while imports decreased by $-218k (-18.6%) from $1.17M to $953k.

Trade In June 2024, the top exports of Philippines to Colombia were Industrial Printers ($911k), Coconuts, Brazil Nuts, and Cashews ($89k), Shaving Products ($75.8k), Activated Carbon ($63.9k), and Telephones ($51.8k). In June 2024 the top imports of Philippines from Colombia were Bandages ($177k), Electrical Insulators ($25.7k), Packaged Medicaments ($16.7k), Other Iron Products ($10k), and Acrylic Polymers ($6.05k).

Growth In June 2024, the decrease in Philippines's year-by-year exports to Colombia was explained primarily by an decrease in product exports in Industrial Printers ($-398k or -30.4%), Coconuts, Brazil Nuts, and Cashews ($-155k or -63.5%), and Textile Footwear ($-10.2k or -85.7%). In June 2024, the decrease in Philippines's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Non-Knit Active Wear ($-272 or -47.7%), Knit Sweaters ($-250 or -63.5%), and Knit Active Wear ($-122 or -28%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-921k(-39.7%)
IMPORT GROWTH (June 2023 - June 2024)$-218k(-18.6%)

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 Colombia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $47.1M to Colombia. The main products exported from Philippines to Colombia were Office Machine Parts ($16.4M), Electrical Transformers ($3.6M), and Ink ($3.15M). During the last 5 years the exports of Philippines to Colombia have decreased at an annualized rate of 3.72%, from $56.9M in 2017 to $47.1M in 2022.

In 2017, Colombia exported $13.8M to Philippines. The main products exported from Colombia to Philippines were Pesticides ($6.33M), Packaged Medicaments ($1.28M), and Bandages ($1.01M). During the last 5 years the exports of Colombia to Philippines have decreased at an annualized rate of 4.02%, from $16.9M in 2022 to $13.8M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Philippines than Colombia included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Colombia than Philippines included Panama ($5.84B), Brazil ($2.39B), and Turkey ($2.27B).

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

Comparative Advantage Philippines - Colombia

Flow
Scale

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

During 2022, Philippines had a large net trade with Colombia in the exports of Machines ($25.1M), Chemical Products ($6.19M), and Instruments ($4.65M).

During 2017, Colombia had a large net trade with Philippines in the exports of Chemical Products ($9.01M), Metals ($1.67M), and Plastics and Rubbers ($889k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Colombia+$6.33MComputers
Top Product Potential Colombia Philippines+$3.09MPesticides

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 Colombia. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Philippines.

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

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