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Pricing

2022
Flag → Flag
Exports $24.3MRnk 92 / 208
2022
Flag → Flag
Top Product $5.09MOther Electrical Machinery
2022
Flag → Flag
Exports $67.2MRnk 49 / 205
2022
Flag → Flag
Top Product $22.4MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Portugal-Philippines Trade: In 2022, Portugal exported $24.3M to Philippines. The main products that Portugal exported to Philippines were Other Electrical Machinery ($5.09M), Spark-Ignition Engines ($3M), and Delivery Trucks ($1.41M). Over the past 5 years the exports of Portugal to Philippines have increased at an annualized rate of 6.61%, from $17.7M in 2017 to $24.3M in 2022.

In 2003, Portugal exported services to Philippines worth $19.3M, with Services not allocated ($19.3M) being the largest in terms of value.

Philippines-Portugal Trade: In 2022, Philippines exported $67.2M to Portugal. The main products that Philippines exported to Portugal were Integrated Circuits ($22.4M), Broadcasting Accessories ($8.25M), and Electrical Control Boards ($6.74M). Over the past 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 33.2%,  from $505M in 2017 to $67.2M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €1.86M and imported €1.94M from Philippines, resulting in a negative trade balance of €80.1k. Between June 2023 and June 2024 the exports of Portugal have increased by €499k (36.8%) from €1.36M to €1.86M, while imports decreased by €-1.85M (-48.9%) from €3.79M to €1.94M.

Trade In June 2024, the top exports of Portugal to Philippines were Headgear (€81.4k), Cork & cork articles (€57.7k), Perfumery & cosmetics (€54.8k), Aluminum articles (€52.8k), and Stone, plaster, cement, asbestos, mica. (€44.4k). In June 2024 the top imports of Portugal from Philippines were Electrical machinery and electronics (€3.87M), Animal or vegetable fats, oils, &... (€1.22M), Machinery, mechanical appliances, & parts (€169k), Fish, crustaceans, & molluscs (€135k), and Man-made staple fibres (€130k).

Growth In June 2024, the increase in Portugal's year-by-year exports to Philippines was explained primarily by an increase in product exports in Headgear (€81.4k or 291k%), Stone, plaster, cement, asbestos, mica. (€26.9k or 154%), and Plastics & articles thereof (€25k or 7.66k%). In June 2024, the decrease in Portugal's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Rubber & articles thereof (€-221k or -83.8%), Optical, photo, & film equipment; medical... (€-147k or -96.4%), and Plastics & articles thereof (€-21.9k or -67.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€499k(36.8%)
IMPORT GROWTH (June 2023 - June 2024)€-1.85M(-48.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $24.3M to Philippines. The main products exported from Portugal to Philippines were Other Electrical Machinery ($5.09M), Spark-Ignition Engines ($3M), and Delivery Trucks ($1.41M). During the last 5 years the exports of Portugal to Philippines have increased at an annualized rate of 6.61%, from $17.7M in 2017 to $24.3M in 2022.

In 2017, Philippines exported $67.2M to Portugal. The main products exported from Philippines to Portugal were Integrated Circuits ($22.4M), Broadcasting Accessories ($8.25M), and Electrical Control Boards ($6.74M). During the last 5 years the exports of Philippines to Portugal have decreased at an annualized rate of 33.2%, from $505M in 2022 to $67.2M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Portugal than Philippines included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Philippines

Flow
Scale

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

During 2022, Portugal had a large net trade with Philippines in the exports of Machines ($10.2M), Foodstuffs ($3.83M), and Transportation ($1.81M).

During 2017, Philippines had a large net trade with Portugal in the exports of Machines ($51M), Foodstuffs ($4.39M), and Plastics and Rubbers ($4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Philippines+$2.85MDelivery Trucks
Top Product Potential Philippines Portugal+$32.2MIntegrated 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 Portugal and Philippines. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Portugal.

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

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