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Pricing

2022
Flag → Flag
Exports $11.3BRnk 4 / 205
2022
Flag → Flag
Top Product $1.4BInsulated Wire
2022
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Exports $11.4BRnk 14 / 211
2022
Flag → Flag
Top Product $1.1BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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Economic Complexity (ECI) ECI 1.99Rnk 1 / 124
2022
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GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Philippines-Japan In 2022, Philippines exported $11.3B to Japan. The main products that Philippines exported to Japan are Insulated Wire ($1.4B), Nickel Mattes ($927M), and Integrated Circuits ($921M). During the last 27 years the exports of Philippines to Japan have increased at an annualized rate of 4.68%, from $3.28B in 1995 to $11.3B in 2022.

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

Japan-Philippines In 2022, Japan exported $11.4B to Philippines. The main products that Japan exported to Philippines were Refined Petroleum ($1.1B), Integrated Circuits ($980M), and Machinery Having Individual Functions ($364M). During the last 27 years the exports of Japan to Philippines have increased at an annualized rate of 1.87%, from $6.94B in 1995 to $11.4B in 2022.

In 2009, Japan exported services to Philippines worth $2.03B, with Services not allocated ($1B), Transportation ($335M), and Construction services ($246M) being the largest in terms of value.

Comparison In 2022,  Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $952M and imported $984M from Japan, resulting in a negative trade balance of $31.4M. Between August 2020 and August 2021 the exports of Philippines have increased by $49.3M (5.46%) from $903M to $952M, while imports increased by $312M (46.5%) from $671M to $984M.

Trade In August 2021, the top exports of Philippines to Japan were Insulated Wire ($105M), Integrated Circuits ($97.6M), Bananas ($53.7M), Passenger and Cargo Ships ($49.8M), and Iron Ore ($46.2M). In August 2021 the top imports of Philippines from Japan were Commodities not elsewhere specified ($84.6M), Integrated Circuits ($71.1M), Buses ($50.2M), Delivery Trucks ($48.9M), and Office Machine Parts ($45.7M).

Growth In August 2021, the increase in Philippines's year-by-year exports to Japan was explained primarily by an increase in product exports in Semiconductor Devices ($21.4M or 183%), Integrated Circuits ($17.7M or 22.2%), and Navigation Equipment ($10.3M or 36.4%). In August 2021, the increase in Philippines's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Buses ($29.9M or 147%), Delivery Trucks ($29.7M or 155%), and Office Machine Parts ($22M or 92.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$49.3M(5.46%)
IMPORT GROWTH (August 2020 - August 2021)$312M(46.5%)

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 Japan and Philippines trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $11.3B to Japan. The main products exported from Philippines to Japan were Insulated Wire ($1.4B), Nickel Mattes ($927M), and Integrated Circuits ($921M). During the last 27 years the exports of Philippines to Japan have increased at an annualized rate of 4.68%, from $3.28B in 1995 to $11.3B in 2022.

In 2022, Japan exported $11.4B to Philippines. The main products exported from Japan to Philippines were Refined Petroleum ($1.1B), Integrated Circuits ($980M), and Machinery Having Individual Functions ($364M). During the last 27 years the exports of Japan to Philippines have increased at an annualized rate of 1.87%, from $6.94B in 1995 to $11.4B in 2022.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Japan
Top DestinationUnited States$137B

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

In 2021, countries that imported more from Philippines than Japan were Brunei ($138M), Curaçao ($38.3M), and Norfolk Island ($5.29M).

In 2021, countries that imported more from Japan than Philippines were United States ($137B), China ($135B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Philippines - Japan

Flow
Scale

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

During 2022, Philippines had a large net trade with Japan in the exports of Machines ($5.21B), Metals ($1.5B), and Wood Products ($927M).

During 2022, Japan had a large net trade with Philippines in the exports of Machines ($4.93B), Transportation ($1.39B), and Metals ($1.26B).

Service Trade

Bilateral Service Trade

In 2009, Japan exported services to Philippines worth $2.03B, with Services not allocated ($1B), Transportation ($335M), and Construction services ($246M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Philippines (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Philippines has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over Philippines.

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

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