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Pricing

2022
Flag → Flag
Exports $6.25MRnk 95 / 205
2022
Flag → Flag
Top Product $1.25MPalm Oil
2022
Flag → Flag
Exports $118kRnk 70 / 149
2022
Flag → Flag
Top Product $30.5kVideo Displays
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Philippines-Nepal Trade: In 2022, Philippines exported $6.25M to Nepal. The main products that Philippines exported to Nepal were Palm Oil ($1.25M), Office Machine Parts ($959k), and Milling Stones ($625k). Over the past 5 years the exports of Philippines to Nepal have decreased at an annualized rate of 1.13%, from $6.62M in 2017 to $6.25M in 2022.

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

Nepal-Philippines Trade: In 2022, Nepal exported $118k to Philippines. The main products that Nepal exported to Philippines were Video Displays ($30.5k), Animal Food ($29k), and Paintings ($15.8k). Over the past 5 years the exports of Nepal to Philippines have increased at an annualized rate of 1.06%,  from $112k in 2017 to $118k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $40.3k and imported $9.31k from Nepal, resulting in a positive trade balance of $30.9k. Between August 2023 and August 2024 the exports of Philippines have decreased by $-430k (-91.4%) from $470k to $40.3k, while imports increased by $9.13k (5.1k%) from $179 to $9.31k.

Trade In August 2024, the top exports of Philippines to Nepal were Industrial Fatty Acids, Oils and Alcohols ($29.2k), Packaged Medicaments ($27.2k), and Other Wood Articles ($96). In August 2024 the top imports of Philippines from Nepal were Other Copper Products ($461).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Nepal was explained primarily by an decrease in product exports in . In August 2024, the increase in Philippines's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-430k(-91.4%)
IMPORT GROWTH (August 2023 - August 2024)$9.13k(5.1k%)

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 Nepal and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $6.25M to Nepal. The main products exported from Philippines to Nepal were Palm Oil ($1.25M), Office Machine Parts ($959k), and Milling Stones ($625k). During the last 5 years the exports of Philippines to Nepal have decreased at an annualized rate of 1.13%, from $6.62M in 2017 to $6.25M in 2022.

In 2017, Nepal exported $118k to Philippines. The main products exported from Nepal to Philippines were Video Displays ($30.5k), Animal Food ($29k), and Paintings ($15.8k). During the last 5 years the exports of Nepal to Philippines have increased at an annualized rate of 1.06%, from $112k in 2022 to $118k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Philippines included Central African Republic ($8.88M), Bhutan ($3.99M), and Niger ($460k).

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

Comparative Advantage Philippines - Nepal

Flow
Scale

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

During 2022, Philippines had a large net trade with Nepal in the exports of Machines ($1.6M), Animal and Vegetable Bi-Products ($1.28M), and Chemical Products ($934k).

During 2017, Nepal had a large net trade with Philippines in the exports of Machines ($30.5k), Foodstuffs ($29k), and Textiles ($25k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Nepal+$1.3MIndustrial Printers
Top Product Potential Nepal Philippines+$134kAnimal Food

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

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

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