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Pricing

2022
Flag → Flag
Exports $52.6kRnk 181 / 205
2022
Flag → Flag
Top Product $42.9kWood Kitchenware
2022
Flag → Flag
Exports $18.4MRnk 51 / 125
2022
Flag → Flag
Top Product $7.64MWhey and other milk products
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186

About

Philippines-Belarus Trade: In 2022, Philippines exported $52.6k to Belarus. The main products that Philippines exported to Belarus were Wood Kitchenware ($42.9k), Base Metal Watches ($5.86k), and Cutting Blades ($3.74k). Over the past 5 years the exports of Philippines to Belarus have decreased at an annualized rate of 67.4%, from $14.2M in 2017 to $52.6k in 2022.

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

Belarus-Philippines Trade: In 2022, Belarus exported $18.4M to Philippines. The main products that Belarus exported to Philippines were Whey and other milk products ($7.64M), Concentrated Milk ($5.61M), and Malt Extract ($2.65M). Over the past 5 years the exports of Belarus to Philippines have increased at an annualized rate of 10.4%,  from $11.2M in 2017 to $18.4M in 2022.

In 2014, Belarus exported services to Philippines worth $3.9k, with Government services, n.i.e. ($3.9k) 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, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $56.8k and imported $3.23M from Belarus, resulting in a negative trade balance of $3.17M. Between June 2023 and June 2024 the exports of Philippines have increased by $8.04k (16.5%) from $48.7k to $56.8k, while imports increased by $2.53M (363%) from $697k to $3.23M.

Trade In June 2024, the top exports of Philippines to Belarus were . In June 2024 the top imports of Philippines from Belarus were Whey and other milk products ($1.85M), Malt Extract ($486k), Concentrated Milk ($240k), Gas and Liquid Flow Measuring Instruments ($1k), and Other Furniture ($704).

Growth In June 2024, the increase in Philippines's year-by-year exports to Belarus was explained primarily by an increase in product exports in . In June 2024, the increase in Philippines's year-by-year imports  from Belarus was explained primarily by an increase in product imports  in Whey and other milk products ($1.08M or 142%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$8.04k(16.5%)
IMPORT GROWTH (June 2023 - June 2024)$2.53M(363%)

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 Belarus and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belarus and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $52.6k to Belarus. The main products exported from Philippines to Belarus were Wood Kitchenware ($42.9k), Base Metal Watches ($5.86k), and Cutting Blades ($3.74k). During the last 5 years the exports of Philippines to Belarus have decreased at an annualized rate of 67.4%, from $14.2M in 2017 to $52.6k in 2022.

In 2017, Belarus exported $18.4M to Philippines. The main products exported from Belarus to Philippines were Whey and other milk products ($7.64M), Concentrated Milk ($5.61M), and Malt Extract ($2.65M). During the last 5 years the exports of Belarus to Philippines have increased at an annualized rate of 10.4%, from $11.2M in 2022 to $18.4M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Belarus
Top DestinationChina$1.6B

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

In 2022, countries that imported more from Philippines than Belarus included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Belarus than Philippines included Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

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

Comparative Advantage Philippines - Belarus

Flow
Scale

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

During 2022, Philippines had a large net trade with Belarus in the exports of N/A.

During 2017, Belarus had a large net trade with Philippines in the exports of Animal Products ($13.2M), Foodstuffs ($2.65M), and Chemical Products ($2.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Belarus+$4.21kIntegrated Circuits
Top Product Potential Belarus Philippines+$3.99kRefined Petroleum

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 Belarus. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Philippines.

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

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