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Pricing

2022
Flag → Flag
Exports $1.36BRnk 17 / 205
2022
Flag → Flag
Top Product $308MSemiconductor Devices
2022
Flag → Flag
Exports $13.6BRnk 8 / 216
2022
Flag → Flag
Top Product $5BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Philippines-Indonesia Trade: In 2022, Philippines exported $1.36B to Indonesia. The main products that Philippines exported to Indonesia were Semiconductor Devices ($308M), Refined Copper ($117M), and Integrated Circuits ($110M). Over the past 5 years the exports of Philippines to Indonesia have increased at an annualized rate of 7.32%, from $955M in 2017 to $1.36B in 2022.

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

Indonesia-Philippines Trade: In 2022, Indonesia exported $13.6B to Philippines. The main products that Indonesia exported to Philippines were Coal Briquettes ($5B), Cars ($2.08B), and Motorcycles and cycles ($783M). Over the past 5 years the exports of Indonesia to Philippines have increased at an annualized rate of 12.4%,  from $7.56B in 2017 to $13.6B in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $80.5M and imported $1.04B from Indonesia, resulting in a negative trade balance of $955M. Between June 2023 and June 2024 the exports of Philippines have increased by $33.8M (72.2%) from $46.7M to $80.5M, while imports increased by $54.8M (5.59%) from $980M to $1.04B.

Trade In June 2024, the top exports of Philippines to Indonesia were Refined Copper ($12.6M), Industrial Printers ($6.13M), Motor vehicles; parts and accessories (8701... ($3.6M), Propylene Polymers ($3.38M), and Processed Tobacco ($3.24M). In June 2024 the top imports of Philippines from Indonesia were Coal Briquettes ($488M), Cars ($164M), Motorcycles and cycles ($95.2M), Copper Ore ($83.5M), and Semi-Finished Iron ($58.4M).

Growth In June 2024, the increase in Philippines's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Processed Tobacco ($3.15M or 3.41k%), Industrial Printers ($2.29M or 59.8%), and Refined Copper ($1.92M or 17.9%). In May 2024, the increase in Philippines's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Coal Briquettes ($402M or 467%), Cars ($60.7M or 58.9%), and Semi-Finished Iron ($52M or 819%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$33.8M(72.2%)
IMPORT GROWTH (May 2023 - May 2024)$54.8M(5.59%)

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 Indonesia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $1.36B to Indonesia. The main products exported from Philippines to Indonesia were Semiconductor Devices ($308M), Refined Copper ($117M), and Integrated Circuits ($110M). During the last 5 years the exports of Philippines to Indonesia have increased at an annualized rate of 7.32%, from $955M in 2017 to $1.36B in 2022.

In 2017, Indonesia exported $13.6B to Philippines. The main products exported from Indonesia to Philippines were Coal Briquettes ($5B), Cars ($2.08B), and Motorcycles and cycles ($783M). During the last 5 years the exports of Indonesia to Philippines have increased at an annualized rate of 12.4%, from $7.56B in 2022 to $13.6B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Philippines than Indonesia included Hong Kong ($12.6B), Switzerland ($4.1B), and United Kingdom ($4.52B).

In 2022, countries that imported more from Indonesia than Philippines included China ($67.7B), India ($25.3B), and United States ($31.6B).

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

Comparative Advantage Philippines - Indonesia

Flow
Scale

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

During 2022, Philippines had a large net trade with Indonesia in the exports of Machines ($626M), Transportation ($179M), and Metals ($132M).

During 2017, Indonesia had a large net trade with Philippines in the exports of Mineral Products ($5.47B), Transportation ($3.48B), and Foodstuffs ($1.11B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Indonesia+$201MIntegrated Circuits
Top Product Potential Indonesia Philippines+$57.1MPalm Oil

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

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

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