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Pricing

2022
Flag → Flag
Exports $137MRnk 34 / 205
2022
Flag → Flag
Top Product $16.1MBananas
2022
Flag → Flag
Exports $198MRnk 30 / 156
2022
Flag → Flag
Top Product $88.9MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 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$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Philippines-Kuwait Trade: In 2022, Philippines exported $137M to Kuwait. The main products that Philippines exported to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). Over the past 5 years the exports of Philippines to Kuwait have increased at an annualized rate of 8.98%, from $88.9M in 2017 to $137M in 2022.

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

Kuwait-Philippines Trade: In 2022, Kuwait exported $198M to Philippines. The main products that Kuwait exported to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). Over the past 5 years the exports of Kuwait to Philippines have decreased at an annualized rate of 27%,  from $956M in 2017 to $198M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $2M and imported $15.9M from Kuwait, resulting in a negative trade balance of $13.9M. Between August 2023 and August 2024 the exports of Philippines have increased by $291k (17%) from $1.71M to $2M, while imports decreased by $-7.17M (-31.1%) from $23.1M to $15.9M.

Trade In August 2024, the top exports of Philippines to Kuwait were Baked Goods ($258k), Bananas ($254k), Air Conditioners ($142k), Aircraft Parts ($84.1k), and Brochures ($78.5k). In August 2024 the top imports of Philippines from Kuwait were Crude Petroleum ($73.8M), Refined Petroleum ($32.1M), Telephones ($257), and Commodities not elsewhere specified ($78).

Growth In August 2024, the increase in Philippines's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Baked Goods ($93k or 56.3%), Tropical Fruits ($26k or 96.7%), and Brochures ($7.53k or 10.6%). In August 2024, the decrease in Philippines's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Telephones ($-492 or -65.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$291k(17%)
IMPORT GROWTH (August 2023 - August 2024)$-7.17M(-31.1%)

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 Kuwait and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $137M to Kuwait. The main products exported from Philippines to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). During the last 5 years the exports of Philippines to Kuwait have increased at an annualized rate of 8.98%, from $88.9M in 2017 to $137M in 2022.

In 2017, Kuwait exported $198M to Philippines. The main products exported from Kuwait to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). During the last 5 years the exports of Kuwait to Philippines have decreased at an annualized rate of 27%, from $956M in 2022 to $198M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Philippines than Kuwait included United States ($15.5B), Hong Kong ($12.6B), and Singapore ($7.07B).

In 2022, countries that imported more from Kuwait than Philippines included India ($15B), China ($24.3B), and South Korea ($10.8B).

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

Comparative Advantage Philippines - Kuwait

Flow
Scale

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

During 2022, Philippines had a large net trade with Kuwait in the exports of Machines ($35.3M), Foodstuffs ($22.2M), and Vegetable Products ($21.1M).

During 2017, Kuwait had a large net trade with Philippines in the exports of Mineral Products ($190M), Metals ($2.96M), and Textiles ($1.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Kuwait+$5.7MComputers
Top Product Potential Kuwait Philippines+$1.56MIron Structures

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

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

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