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2022
Flag → Flag
Exports $1.59BRnk 40 / 223
2022
Flag → Flag
Top Product $405MIron Ore
2022
Flag → Flag
Exports $342MRnk 26 / 205
2022
Flag → Flag
Top Product $56.1MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Brazil-Philippines Trade: In 2022, Brazil exported $1.59B to Philippines. The main products that Brazil exported to Philippines were Iron Ore ($405M), Poultry Meat ($284M), and Frozen Bovine Meat ($268M). Over the past 5 years the exports of Brazil to Philippines have increased at an annualized rate of 26.7%, from $486M in 2017 to $1.59B in 2022.

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

Philippines-Brazil Trade: In 2022, Philippines exported $342M to Brazil. The main products that Philippines exported to Brazil were Office Machine Parts ($56.1M), Integrated Circuits ($51.6M), and Industrial Printers ($35.8M). Over the past 5 years the exports of Philippines to Brazil have increased at an annualized rate of 1.65%,  from $315M in 2017 to $342M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

July, 2024

About

Overview In July 2024, Brazil exported $250M and imported $28.5M from Philippines, resulting in a positive trade balance of $222M. Between July 2023 and July 2024 the exports of Brazil have increased by $112M (80.5%) from $139M to $250M, while imports increased by $4.02M (16.4%) from $24.5M to $28.5M.

Trade In July 2024, the top exports of Brazil to Philippines were Iron Ore ($30.8M), Poultry Meat ($17M), Frozen Bovine Meat ($11.1M), Pig Meat ($6.59M), and Explosive Ammunition ($4.99M). In July 2024 the top imports of Brazil from Philippines were Industrial Printers ($6.3M), Integrated Circuits ($4.5M), Computers ($2.33M), Video Displays ($2.19M), and Electrical Transformers ($1.26M).

Origins In July 2024 the exports of Brazil were mainly from Pará ($82.5M), Santa Catarina ($62.2M), Minas Gerais ($28.1M), São Paulo ($22.9M), and Mato Grosso ($13M), while imports destinations were mainly São Paulo ($15.8M), Rio de Janeiro ($4.81M), Amazonas ($3.03M), Santa Catarina ($1.82M), and Rio Grande do Sul ($804k).

Growth In July 2024, the increase in Brazil's year-by-year exports to Philippines was explained primarily by an increase in product exports in Iron Ore ($7.41M or 31.7%), Poultry Meat ($6.13M or 56.6%), and Edible Offal ($802k or 381%). In July 2024, the increase in Brazil's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Industrial Printers ($2.95M or 88%), Video Displays ($1.61M or 280%), and Integrated Circuits ($1.17M or 35.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$112M(80.5%)
IMPORT GROWTH (July 2023 - July 2024)$4.02M(16.4%)
MAIN EXPORTER (July 2024)Pará$82.5M

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $1.59B to Philippines. The main products exported from Brazil to Philippines were Iron Ore ($405M), Poultry Meat ($284M), and Frozen Bovine Meat ($268M). During the last 5 years the exports of Brazil to Philippines have increased at an annualized rate of 26.7%, from $486M in 2017 to $1.59B in 2022.

In 2017, Philippines exported $342M to Brazil. The main products exported from Philippines to Brazil were Office Machine Parts ($56.1M), Integrated Circuits ($51.6M), and Industrial Printers ($35.8M). During the last 5 years the exports of Philippines to Brazil have increased at an annualized rate of 1.65%, from $315M in 2022 to $342M in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Brazil than Philippines included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Philippines than Brazil included Hong Kong ($12.6B), Japan ($11.3B), and Switzerland ($4.1B).

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

Comparative Advantage Brazil - Philippines

Flow
Scale

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

During 2022, Brazil had a large net trade with Philippines in the exports of Animal Products ($737M), Mineral Products ($457M), and Foodstuffs ($131M).

During 2017, Philippines had a large net trade with Brazil in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Philippines+$24.7MRefined Petroleum
Top Product Potential Philippines Brazil+$96MIntegrated 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 Brazil and Philippines. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Brazil.

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

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