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Pricing

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

About

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.

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.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported ¥131B and imported ¥121B from Philippines, resulting in a positive trade balance of ¥10.6B. Between June 2023 and June 2024 the exports of Japan have increased by ¥12.5B (10.5%) from ¥119B to ¥131B, while imports decreased by ¥-3.64B (-2.93%) from ¥124B to ¥121B.

Trade In June 2024, the top exports of Japan to Philippines were Refined Petroleum (¥13.6B), Commodities not elsewhere specified (¥9.92B), Integrated Circuits (¥8.65B), Copper Foil (¥3.08B), and Delivery Trucks (¥3.03B). In June 2024 the top imports of Japan from Philippines were Insulated Wire (¥17.9B), Nickel Mattes (¥14.5B), Wood Carpentry (¥10.4B), Integrated Circuits (¥6.07B), and Bananas (¥5.37B).

Origins In June 2024 the exports of Japan were mainly from Aichi (¥21.6B), Osaka (¥21.1B), Chiba (¥18.1B), Kanagawa (¥13B), and Tokyo (¥12.7B), while imports destinations were mainly Tokyo (¥25.3B), Aichi (¥19.4B), Chiba (¥16B), Osaka (¥10.8B), and Fukuoka (¥10.2B).

Growth In June 2024, the increase in Japan's year-by-year exports to Philippines was explained primarily by an increase in product exports in Refined Petroleum (¥4.26B or 45.6%), Commodities not elsewhere specified (¥1.28B or 14.9%), and Scrap Iron (¥941M or 3.32k%). In June 2024, the decrease in Japan's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (¥-1.99B or -34.9%), Computers (¥-1.69B or -49.5%), and Electrical Capacitors (¥-374M or -79.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥12.5B(10.5%)
IMPORT GROWTH (June 2023 - June 2024)¥-3.64B(-2.93%)
MAIN EXPORTER (June 2024)Aichi¥21.6B

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $11.4B in 2022.

In 2017, 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 2022 to $11.3B in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Japan - Philippines

Flow
Scale

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

During 2022, Japan had a large net trade with Philippines in the exports of Machines ($4.93B), Transportation ($1.39B), and Metals ($1.26B).

During 2017, Philippines had a large net trade with Japan in the exports of Machines ($5.21B), Metals ($1.5B), and Wood Products ($927M).

Potential Exports

Potential Exports

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

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

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