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Pricing

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

Japan-Philippines In 2022, Japan exported $11.4B to Philippines. The main products that Japan exported to Philippines are 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.

Philippines-Japan In 2022, Philippines exported $11.3B to Japan. The main products that Philippines exported 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, Philippines did not export any services to Japan.

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

Latest Trends

January, 2024

About

Overview In January 2024, Japan exported ¥114B and imported ¥109B from Philippines, resulting in a positive trade balance of ¥5.47B. Between January 2023 and January 2024 the exports of Japan have increased by ¥5.62B (5.17%) from ¥109B to ¥114B, while imports decreased by ¥-9.8B (-8.25%) from ¥119B to ¥109B.

Trade In January 2024, the top exports of Japan to Philippines were Refined Petroleum (¥13.6B), Commodities not elsewhere specified (¥9.92B), Integrated Circuits (¥8.65B), Copper Foil (¥3.08B), and Delivery Trucks (¥3.03B). In January 2024 the top imports of Japan from Philippines were Insulated Wire (¥17.9B), Nickel Mattes (¥14.5B), Wood Carpentry (¥10.4B), Integrated Circuits (¥6.07B), and Bananas (¥5.37B).

Origins In January 2024 the exports of Japan were mainly from Osaka (¥18.9B), Aichi (¥18.3B), Chiba (¥15.6B), Kanagawa (¥11.7B), and Tokyo (¥10.3B), while imports destinations were mainly Tokyo (¥22.1B), Aichi (¥17.4B), Chiba (¥16.7B), Osaka (¥11.7B), and Fukuoka (¥8.95B).

Growth In January 2024, the increase in Japan's year-by-year exports to Philippines was explained primarily by an increase in product exports in Refined Petroleum (¥4.26B or 45.6%), Commodities not elsewhere specified (¥1.28B or 14.9%), and Scrap Iron (¥941M or 3.32k%). In January 2024, the decrease in Japan's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (¥-1.99B or -34.9%), Computers (¥-1.69B or -49.5%), and Electrical Capacitors (¥-374M or -79.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)¥5.62B(5.17%)
IMPORT GROWTH (January 2023 - January 2024)¥-9.8B(-8.25%)
MAIN EXPORTER (January 2024)Osaka¥18.9B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Philippines and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Japan - Philippines

Flow
Scale

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

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

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

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 Japan has comparative advantage over Philippines. Similarly, the more yellow a dot/product is, the more Philippines has comparative advantage over Japan.

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

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