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Pricing

2022
Flag → Flag
Exports $11.3BRnk 4 / 205
2022
Flag → Flag
Top Product $1.4BInsulated Wire
2022
Flag → Flag
Exports $11.4BRnk 14 / 211
2022
Flag → Flag
Top Product $1.1BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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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$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Philippines-Japan Trade: In 2022, Philippines exported $11.3B to Japan. The main products that Philippines exported to Japan were Insulated Wire ($1.4B), Nickel Mattes ($927M), and Integrated Circuits ($921M). Over the past 5 years the exports of Philippines to Japan have decreased at an annualized rate of 0.14%, from $11.4B in 2017 to $11.3B in 2022.

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

Japan-Philippines Trade: In 2022, Japan exported $11.4B to Philippines. The main products that Japan exported to Philippines were Refined Petroleum ($1.1B), Integrated Circuits ($980M), and Machinery Having Individual Functions ($364M). Over the past 5 years the exports of Japan to Philippines have increased at an annualized rate of 0.74%,  from $11B in 2017 to $11.4B in 2022.

In 2009, Japan exported services to Philippines worth $2.03B, with Services not allocated ($1B), Transportation ($335M), and Construction services ($246M) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $935M and imported $880M from Japan, resulting in a positive trade balance of $55.3M. Between August 2023 and August 2024 the exports of Philippines have increased by $16.3M (1.77%) from $919M to $935M, while imports increased by $42.1M (5.02%) from $838M to $880M.

Trade In August 2024, the top exports of Philippines to Japan were Insulated Wire ($120M), Integrated Circuits ($79.8M), Nickel Mattes ($56M), Iron Ore ($45.6M), and Bananas ($37.5M). In August 2024 the top imports of Philippines from Japan were Integrated Circuits ($104M), Commodities not elsewhere specified ($97.5M), Refined Petroleum ($78.3M), Insulated Wire ($57.9M), and Coated Flat-Rolled Iron ($36.4M).

Growth In August 2024, the increase in Philippines's year-by-year exports to Japan was explained primarily by an increase in product exports in Iron Ore ($44M or 2.71k%), Aluminium Structures ($9.81M or 268%), and Navigation Equipment ($9.59M or 39.9%). In August 2024, the increase in Philippines's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Insulated Wire ($46.1M or 391%), Coated Flat-Rolled Iron ($15.2M or 71.7%), and Cars ($10.4M or 118%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$16.3M(1.77%)
IMPORT GROWTH (August 2023 - August 2024)$42.1M(5.02%)

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 Japan and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $11.3B to Japan. The main products exported from Philippines to Japan were Insulated Wire ($1.4B), Nickel Mattes ($927M), and Integrated Circuits ($921M). During the last 5 years the exports of Philippines to Japan have decreased at an annualized rate of 0.14%, from $11.4B in 2017 to $11.3B in 2022.

In 2017, Japan exported $11.4B to Philippines. The main products exported from Japan to Philippines were Refined Petroleum ($1.1B), Integrated Circuits ($980M), and Machinery Having Individual Functions ($364M). During the last 5 years the exports of Japan to Philippines have increased at an annualized rate of 0.74%, from $11B in 2022 to $11.4B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Philippines than Japan included Brunei ($138M), Curaçao ($38.3M), and Norfolk Island ($5.29M).

In 2022, countries that imported more from Japan than Philippines included United States ($137B), China ($135B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Philippines - Japan

Flow
Scale

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

During 2022, Philippines had a large net trade with Japan in the exports of Machines ($5.21B), Metals ($1.5B), and Wood Products ($927M).

During 2017, Japan had a large net trade with Philippines in the exports of Machines ($4.93B), Transportation ($1.39B), and Metals ($1.26B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Japan+$468MIntegrated Circuits
Top Product Potential Japan Philippines+$229MIntegrated 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 Japan. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Philippines.

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

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