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2022
Flag → Flag
Exports $1.14BRnk 45 / 218
2022
Flag → Flag
Top Product $249MHard Liquor
2022
Flag → Flag
Exports $434MRnk 23 / 205
2022
Flag → Flag
Top Product $74.7MCoconut Oil
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
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 PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

About

Spain-Philippines In 2022, Spain exported $1.14B to Philippines. The main products that Spain exported to Philippines are Hard Liquor ($249M), Pig Meat ($249M), and Edible Offal ($117M). During the last 27 years the exports of Spain to Philippines have increased at an annualized rate of 11.4%, from $62.4M in 1995 to $1.14B in 2022.

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

Philippines-Spain In 2022, Philippines exported $434M to Spain. The main products that Philippines exported to Spain were Coconut Oil ($74.7M), Processed Fish ($52.8M), and Office Machine Parts ($34.1M). During the last 27 years the exports of Philippines to Spain have increased at an annualized rate of 5.42%, from $104M in 1995 to $434M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €82.1M and imported €20.8M from Philippines, resulting in a positive trade balance of €61.3M. Between February 2023 and February 2024 the exports of Spain have decreased by €-11.2M (-12%) from €93.3M to €82.1M, while imports decreased by €-9.3M (-30.9%) from €30.1M to €20.8M.

Trade In February 2024, the top exports of Spain to Philippines were Hard Liquor (€13.2M), Edible Offal (€10.4M), Pig Meat (€8.78M), Animal Fat (€3.68M), and Packaged Medicaments (€2.02M). In February 2024 the top imports of Spain from Philippines were Coconut Oil (€3.5M), Industrial Printers (€2.16M), Other Processed Fruits and Nuts (€1.86M), Electrical Control Boards (€1.64M), and Vacuum Cleaners (€1.62M).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€17.9M), Cádiz (€9.84M), Huesca (€7.94M), Girona (€6.59M), and Madrid (€6.06M), while imports destinations were mainly Madrid (€5.73M), Barcelona (€4.37M), A Coruña (€2.18M), Cantabria (Santander) (€1.72M), and Guadalajara (€1.36M).

Growth In February 2024, the decrease in Spain's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Pig Meat (€-5.21M or -37.2%), Plastic Pipes (€-941k or -39.3%), and Frozen Bovine Meat (€-750k or -87.8%). In February 2024, the decrease in Spain's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Processed Fish (€-2.78M or -77.7%), Vacuum Cleaners (€-2.47M or -60.4%), and Coconut Oil (€-1.18M or -25.2%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-11.2M(-12%)
IMPORT GROWTH (February 2023 - February 2024)€-9.3M(-30.9%)
MAIN EXPORTER (February 2024)Barcelona€17.9M

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.14B to Philippines. The main products exported from Spain to Philippines were Hard Liquor ($249M), Pig Meat ($249M), and Edible Offal ($117M). During the last 27 years the exports of Spain to Philippines have increased at an annualized rate of 11.4%, from $62.4M in 1995 to $1.14B in 2022.

In 2022, Philippines exported $434M to Spain. The main products exported from Philippines to Spain were Coconut Oil ($74.7M), Processed Fish ($52.8M), and Office Machine Parts ($34.1M). During the last 27 years the exports of Philippines to Spain have increased at an annualized rate of 5.42%, from $104M in 1995 to $434M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Philippines
Top DestinationUnited States$15.5B

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

In 2021, countries that imported more from Spain than Philippines were France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2021, countries that imported more from Philippines than Spain were Hong Kong ($12.6B), China ($15.3B), and Singapore ($7.07B).

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

Comparative Advantage Spain - Philippines

Flow
Scale

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

During 2022, Spain had a large net trade with Philippines in the exports of Animal Products ($427M), Foodstuffs ($297M), and Chemical Products ($126M).

During 2022, Philippines had a large net trade with Spain in the exports of Machines ($144M), Foodstuffs ($95.3M), and Animal and Vegetable Bi-Products ($82M).

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

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

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