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Pricing

2022
Flag → Flag
Exports $789MRnk 54 / 224
2022
Flag → Flag
Top Product $229MSemiconductor Devices
2022
Flag → Flag
Exports $4.52BRnk 7 / 205
2022
Flag → Flag
Top Product $3.42BGold
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 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 PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

United Kingdom-Philippines Trade: In 2022, United Kingdom exported $789M to Philippines. The main products that United Kingdom exported to Philippines were Semiconductor Devices ($229M), Gas Turbines ($43.5M), and Packaged Medicaments ($37.3M). Over the past 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 2.4%, from $700M in 2017 to $789M in 2022.

In 2019, United Kingdom exported services to Philippines worth $386M, with Other business services ($163M), Travel ($105M), and Royalties and license fees ($44.7M) being the largest in terms of value.

Philippines-United Kingdom Trade: In 2022, Philippines exported $4.52B to United Kingdom. The main products that Philippines exported to United Kingdom were Gold ($3.42B), Office Machine Parts ($163M), and Integrated Circuits ($157M). Over the past 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 42%,  from $782M in 2017 to $4.52B in 2022.

In 2022, Philippines did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £47.9M and imported £43.5M from Philippines, resulting in a positive trade balance of £4.41M. Between June 2023 and June 2024 the exports of United Kingdom have increased by £5.17M (12.1%) from £42.7M to £47.9M, while imports decreased by £-4.96M (-10.2%) from £48.4M to £43.5M.

Trade In June 2024, the top exports of United Kingdom to Philippines were Semiconductor Devices (£17.9M), Packaged Medicaments (£3.1M), Edible Offal (£1.64M), Pig Meat (£1.42M), and Hard Liquor (£1.22M). In June 2024 the top imports of United Kingdom from Philippines were Integrated Circuits (£7.87M), Video Displays (£4.52M), Processed Fish (£3.53M), Other Footwear (£1.91M), and Vacuum Cleaners (£1.7M).

Origins In June 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£10.4M), East Midlands Airport (£8.76M), Felixstowe (£6.63M), Southampton (£5.84M), and London Stansted Airport (£3.74M), while imports destinations were mainly Felixstowe (£15.4M), Southampton (£10.3M), London Stansted Airport (£5.69M), London Heathrow Airport (£3.44M), and East Midlands Airport (£3.34M).

Growth In June 2024, the increase in United Kingdom's year-by-year exports to Philippines was explained primarily by an increase in product exports in Semiconductor Devices (£10.9M or 157%), Packaged Medicaments (£1.32M or 73.8%), and Scented Mixtures (£445k or 98.3%). In June 2024, the decrease in United Kingdom's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Office Machine Parts (£-13.8M or -94.6%), Ink (£-1.69M or -80.9%), and Coconuts, Brazil Nuts, and Cashews (£-1.24M or -89.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)£5.17M(12.1%)
IMPORT GROWTH (June 2023 - June 2024)£-4.96M(-10.2%)
MAIN EXPORTER (June 2024)London Heathrow Airport£10.4M

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

To check Philippines and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $789M to Philippines. The main products exported from United Kingdom to Philippines were Semiconductor Devices ($229M), Gas Turbines ($43.5M), and Packaged Medicaments ($37.3M). During the last 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 2.4%, from $700M in 2017 to $789M in 2022.

In 2017, Philippines exported $4.52B to United Kingdom. The main products exported from Philippines to United Kingdom were Gold ($3.42B), Office Machine Parts ($163M), and Integrated Circuits ($157M). During the last 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 42%, from $782M in 2022 to $4.52B in 2017.

Exports from United Kingdom (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from United Kingdom than Philippines included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Philippines than United Kingdom included Japan ($11.3B), Hong Kong ($12.6B), and Thailand ($3.79B).

Difference in imports from Philippines (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Philippines

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Philippines in the exports of Machines ($375M), Chemical Products ($114M), and Animal Products ($92.2M).

During 2017, Philippines had a large net trade with United Kingdom in the exports of Precious Metals ($3.42B), Machines ($669M), and Foodstuffs ($95.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Philippines+$37.2MCars
Top Product Potential Philippines United Kingdom+$139MIntegrated 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 United Kingdom and Philippines. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Philippines (Flag) (2022)

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