Iceland (ISL) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Iceland-Philippines In 2022, Iceland exported $385k to Philippines. The main products that Iceland exported to Philippines are Non-fillet Frozen Fish ($142k), Cheese ($120k), and Natural Polymers ($58.2k). During the last 27 years the exports of Iceland to Philippines have increased at an annualized rate of 1.39%, from $265k in 1995 to $385k in 2022.

In 2019, Iceland exported services to Philippines worth $5.82M, with Travel ($5.49M) and Transportation ($336k) being the largest in terms of value.

Philippines-Iceland In 2022, Philippines exported $4.91M to Iceland. The main products that Philippines exported to Iceland were Office Machine Parts ($1.02M), Electrical Transformers ($493k), and Other Processed Fruits and Nuts ($356k). During the last 27 years the exports of Philippines to Iceland have increased at an annualized rate of 6.68%, from $856k in 1995 to $4.91M in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $385k to Philippines. The main products exported from Iceland to Philippines were Non-fillet Frozen Fish ($142k), Cheese ($120k), and Natural Polymers ($58.2k). During the last 27 years the exports of Iceland to Philippines have increased at an annualized rate of 1.39%, from $265k in 1995 to $385k in 2022.

In 2022, Philippines exported $4.91M to Iceland. The main products exported from Philippines to Iceland were Office Machine Parts ($1.02M), Electrical Transformers ($493k), and Other Processed Fruits and Nuts ($356k). During the last 27 years the exports of Philippines to Iceland have increased at an annualized rate of 6.68%, from $856k in 1995 to $4.91M in 2022.

Exports from Iceland () to Philippines () (2022)

Exports from Philippines () to Iceland () (2022)

Latest Data

Trade between Iceland () and Philippines ()

Iceland Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Philippines
Top DestinationUnited States$15.5B

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

In 2021, countries that imported more from Iceland than Philippines were Norway ($459M), Denmark ($257M), and Nigeria ($69.3M).

In 2021, countries that imported more from Philippines than Iceland were China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

Difference in imports from Philippines () and Iceland () (2022)

Comparative Advantage Iceland - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Philippines in the exports of Animal Products ($262k), Plastics and Rubbers ($58.8k), and Machines ($23.4k).

During 2022, Philippines had a large net trade with Iceland in the exports of Machines ($2.21M), Foodstuffs ($801k), and Textiles ($441k).

Service Trade

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Philippines worth $5.82M, with Travel ($5.49M) and Transportation ($336k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Philippines () (2019)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Philippines () (2022)

Exports from Philippines () to Iceland () (2022)

Latest Data

Trade between Iceland () and Philippines ()

Iceland Exports

Philippines Exports

Market Competitiveness

Difference in imports from Philippines () and Iceland () (2022)

Comparative Advantage Iceland - Philippines

Service Trade

Bilateral Service Trade

Services Exports from Iceland () to Philippines () (2019)

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Philippines () (2022)

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