2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 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
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Philippines-North Macedonia Trade: In 2022, Philippines exported $6.8M to North Macedonia. The main products that Philippines exported to North Macedonia were Integrated Circuits ($1.57M), Electrical Capacitors ($1.5M), and Semiconductor Devices ($1.05M). Over the past 5 years the exports of Philippines to North Macedonia have increased at an annualized rate of 24.3%, from $2.29M in 2017 to $6.8M in 2022.

In 2022, Philippines did not export any services to North Macedonia.

North Macedonia-Philippines Trade: In 2022, North Macedonia exported $1.26M to Philippines. The main products that North Macedonia exported to Philippines were Raw Tobacco ($617k), Paper Labels ($231k), and Other Printed Material ($146k). Over the past 5 years the exports of North Macedonia to Philippines have increased at an annualized rate of 22.5%,  from $458k in 2017 to $1.26M in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $6.8M to North Macedonia. The main products exported from Philippines to North Macedonia were Integrated Circuits ($1.57M), Electrical Capacitors ($1.5M), and Semiconductor Devices ($1.05M). During the last 5 years the exports of Philippines to North Macedonia have increased at an annualized rate of 24.3%, from $2.29M in 2017 to $6.8M in 2022.

In 2017, North Macedonia exported $1.26M to Philippines. The main products exported from North Macedonia to Philippines were Raw Tobacco ($617k), Paper Labels ($231k), and Other Printed Material ($146k). During the last 5 years the exports of North Macedonia to Philippines have increased at an annualized rate of 22.5%, from $458k in 2022 to $1.26M in 2017.

Exports from Philippines (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
North Macedonia
Top Destination
Germany$3.96B

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

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

In 2022, countries that imported more from North Macedonia than Philippines included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

Difference in imports from North Macedonia (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - North Macedonia

Flow
Scale

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

During 2022, Philippines had a large net trade with North Macedonia in the exports of Machines ($5.46M), Foodstuffs ($545k), and Vegetable Products ($232k).

During 2017, North Macedonia had a large net trade with Philippines in the exports of Foodstuffs ($653k), Paper Goods ($378k), and Instruments ($81.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines North Macedonia+$3.13MIntegrated Circuits
Top Product Potential North Macedonia Philippines+$300kRaw Tobacco

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

Product Space of Philippines (Flag) and North Macedonia (Flag) (2022)

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