Sign In
Pricing

2022
Flag → Flag
Exports $12.6BRnk 3 / 205
2022
Flag → Flag
Top Product $8.48BIntegrated Circuits
2022
Flag → Flag
Exports $3.28BRnk 8 / 198
2022
Flag → Flag
Top Product $688MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 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$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Philippines-Hong Kong Trade: In 2022, Philippines exported $12.6B to Hong Kong. The main products that Philippines exported to Hong Kong were Integrated Circuits ($8.48B), Office Machine Parts ($894M), and Precious Metal Scraps ($654M). Over the past 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 2.16%, from $14.1B in 2017 to $12.6B in 2022.

In 2022, Philippines did not export any services to Hong Kong.

Hong Kong-Philippines Trade: In 2022, Hong Kong exported $3.28B to Philippines. The main products that Hong Kong exported to Philippines were Integrated Circuits ($688M), Office Machine Parts ($616M), and Special Purpose Ships ($195M). Over the past 5 years the exports of Hong Kong to Philippines have increased at an annualized rate of 1.31%,  from $3.08B in 2017 to $3.28B in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $943M and imported $172M from Hong Kong, resulting in a positive trade balance of $771M. Between August 2023 and August 2024 the exports of Philippines have increased by $70.8M (8.12%) from $872M to $943M, while imports decreased by $-20.7M (-10.7%) from $193M to $172M.

Trade In August 2024, the top exports of Philippines to Hong Kong were Integrated Circuits ($314M), Commodities not elsewhere specified ($84.8M), Gold ($35.3M), Semiconductor Devices ($25.1M), and Computers ($21.7M). In August 2024 the top imports of Philippines from Hong Kong were Integrated Circuits ($68.9M), Office Machine Parts ($49.7M), Commodities not elsewhere specified ($40.9M), Printed Circuit Boards ($9.46M), and Industrial Printers ($6.88M).

Growth In August 2024, the increase in Philippines's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Commodities not elsewhere specified ($13.4M or 18.8%), Gold ($9.19M or 35.2%), and Precious Metal Scraps ($5.22M or 111%). In August 2024, the decrease in Philippines's year-by-year imports  from Hong Kong was explained primarily by an decrease in product imports  in Office Machine Parts ($-19.8M or -28.6%), Telephones ($-6.54M or -52.1%), and Commodities not elsewhere specified ($-6.07M or -12.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$70.8M(8.12%)
IMPORT GROWTH (August 2023 - August 2024)$-20.7M(-10.7%)

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 Hong Kong and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $12.6B to Hong Kong. The main products exported from Philippines to Hong Kong were Integrated Circuits ($8.48B), Office Machine Parts ($894M), and Precious Metal Scraps ($654M). During the last 5 years the exports of Philippines to Hong Kong have decreased at an annualized rate of 2.16%, from $14.1B in 2017 to $12.6B in 2022.

In 2017, Hong Kong exported $3.28B to Philippines. The main products exported from Hong Kong to Philippines were Integrated Circuits ($688M), Office Machine Parts ($616M), and Special Purpose Ships ($195M). During the last 5 years the exports of Hong Kong to Philippines have increased at an annualized rate of 1.31%, from $3.08B in 2022 to $3.28B in 2017.

Exports from Philippines (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Philippines than Hong Kong included United States ($15.5B), Japan ($11.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Hong Kong than Philippines included India ($14.3B), China ($23.4B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Hong Kong

Flow
Scale

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

During 2022, Philippines had a large net trade with Hong Kong in the exports of Machines ($11.1B), Precious Metals ($1.14B), and Instruments ($77.9M).

During 2017, Hong Kong had a large net trade with Philippines in the exports of Machines ($2.49B), Transportation ($243M), and Instruments ($168M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Hong Kong+$1.48BIntegrated Circuits
Top Product Potential Hong Kong Philippines+$211MIntegrated 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Hong Kong. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Hong Kong (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms