2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH
-47.2%CURRENT US$
Rnk 184 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH
-62.4%CURRENT US$
Rnk 186 / 186

About

Philippines-Equatorial Guinea Trade: In 2022, Philippines exported $39.7k to Equatorial Guinea. The main products that Philippines exported to Equatorial Guinea were Broadcasting Equipment ($32.2k) and Telephones ($7.43k). Over the past 8 years the exports of Philippines to Equatorial Guinea have increased at an annualized rate of 54.1%, from $1.25k in 2014 to $39.7k in 2022.

In 2022, Philippines did not export any services to Equatorial Guinea.

Equatorial Guinea-Philippines Trade: In 2022, Equatorial Guinea exported $61.1M to Philippines. The main products that Equatorial Guinea exported to Philippines were Crude Petroleum ($57.4M), Veneer Sheets ($3.58M), and Sawn Wood ($164k). Over the past 8 years the exports of Equatorial Guinea to Philippines have increased at an annualized rate of 26.3%,  from $11.9M in 2014 to $61.1M in 2022.

In 2022, Equatorial Guinea did not export any services to Philippines.

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). That same year, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $39.7k to Equatorial Guinea. The main products exported from Philippines to Equatorial Guinea were Broadcasting Equipment ($32.2k) and Telephones ($7.43k). During the last 8 years the exports of Philippines to Equatorial Guinea have increased at an annualized rate of 54.1%, from $1.25k in 2014 to $39.7k in 2022.

In 2017, Equatorial Guinea exported $61.1M to Philippines. The main products exported from Equatorial Guinea to Philippines were Crude Petroleum ($57.4M), Veneer Sheets ($3.58M), and Sawn Wood ($164k). During the last 5 years the exports of Equatorial Guinea to Philippines have increased at an annualized rate of 26.3%, from $11.9M in 2022 to $61.1M in 2017.

Exports from Philippines (Flag) to Equatorial Guinea (Flag) (2022)

Exports from Equatorial Guinea (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Equatorial Guinea
Top Destination
Zambia$1.84B

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

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

In 2022, countries that imported more from Equatorial Guinea than Philippines included Zambia ($1.84B), Spain ($1.32B), and Chile ($413M).

Difference in imports from Equatorial Guinea (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Equatorial Guinea

Flow
Scale

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

During 2022, Philippines had a large net trade with Equatorial Guinea in the exports of Machines ($39.7k).

During 2017, Equatorial Guinea had a large net trade with Philippines in the exports of Mineral Products ($57.4M), Wood Products ($3.74M), and Machines ($8.91k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Equatorial Guinea+$2.7kRefined Copper
Top Product Potential Equatorial Guinea Philippines+$3.86kCrude 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 Equatorial Guinea. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Equatorial Guinea. Similarly, a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Equatorial Guinea (Flag) (2022)

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