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Pricing

2022
Flag → Flag
Exports $14.2MRnk 79 / 205
2022
Flag → Flag
Top Product $4.87MSynthetic Filament Yarn Woven Fabric
2022
Flag → Flag
Exports $16.1MRnk 59 / 168
2022
Flag → Flag
Top Product $4.3MWhey and other milk products
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 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$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Philippines-Uruguay Trade: In 2022, Philippines exported $14.2M to Uruguay. The main products that Philippines exported to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.87M), Office Machine Parts ($2.16M), and Plastic Coated Textile Fabric ($1.45M). Over the past 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.62%, from $17.1M in 2017 to $14.2M in 2022.

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

Uruguay-Philippines Trade: In 2022, Uruguay exported $16.1M to Philippines. The main products that Uruguay exported to Philippines were Whey and other milk products ($4.3M), Tanned Furskins ($3.92M), and Cheese ($2.47M). Over the past 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 12%,  from $74.3M in 2017 to $16.1M in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $890k and imported $1.95M from Uruguay, resulting in a negative trade balance of $1.06M. Between June 2023 and June 2024 the exports of Philippines have increased by $299k (50.5%) from $592k to $890k, while imports increased by $1.15M (142%) from $806k to $1.95M.

Trade In June 2024, the top exports of Philippines to Uruguay were Vegetable Saps ($429k), Industrial Printers ($94.6k), Rubber Tires ($38.6k), Coconuts, Brazil Nuts, and Cashews ($33.6k), and Low-voltage Protection Equipment ($32k). In June 2024 the top imports of Philippines from Uruguay were Fermented Milk Products ($404k), Whey and other milk products ($198k), Cheese ($178k), Milk ($157k), and Tanned Furskins ($62.3k).

Growth In June 2024, the increase in Philippines's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Vegetable Saps ($203k or 90.1%), Low-voltage Protection Equipment ($19.5k or 157%), and Ink ($7.58k or 3.37k%). In June 2024, the increase in Philippines's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Fermented Milk Products ($203k or 101%), Cheese ($107k or 152%), and Whey and other milk products ($78.7k or 65.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$299k(50.5%)
IMPORT GROWTH (June 2023 - June 2024)$1.15M(142%)

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 Uruguay and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $14.2M to Uruguay. The main products exported from Philippines to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.87M), Office Machine Parts ($2.16M), and Plastic Coated Textile Fabric ($1.45M). During the last 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.62%, from $17.1M in 2017 to $14.2M in 2022.

In 2017, Uruguay exported $16.1M to Philippines. The main products exported from Uruguay to Philippines were Whey and other milk products ($4.3M), Tanned Furskins ($3.92M), and Cheese ($2.47M). During the last 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 12%, from $74.3M in 2022 to $16.1M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Uruguay
Top DestinationChina$2.89B

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

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

In 2022, countries that imported more from Uruguay than Philippines included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

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

Comparative Advantage Philippines - Uruguay

Flow
Scale

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

During 2022, Philippines had a large net trade with Uruguay in the exports of Textiles ($6.54M), Machines ($4.15M), and Vegetable Products ($1.69M).

During 2017, Uruguay had a large net trade with Philippines in the exports of Animal Products ($10.4M), Animal Hides ($4.62M), and Foodstuffs ($591k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Uruguay+$1.06MIndustrial Printers
Top Product Potential Uruguay Philippines+$1.25MConcentrated Milk

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

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

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