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Pricing

2022
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Exports $954MRnk 65 / 221
2022
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Top Product $162MIntegrated Circuits
2022
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Exports $422MRnk 24 / 205
2022
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Top Product $105MCoconut Oil
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Philippines In 2022, Italy exported $954M to Philippines. The main products that Italy exported to Philippines are Integrated Circuits ($162M), Vaccines, blood, antisera, toxins and cultures ($50.9M), and Packaged Medicaments ($34.1M). During the last 27 years the exports of Italy to Philippines have increased at an annualized rate of 4.68%, from $277M in 1995 to $954M in 2022.

In 2020, Italy exported services to Philippines worth $28.2M, with Travel ($15.1M), Other business services ($6.51M), and Royalties and license fees ($3.31M) being the largest in terms of value.

Philippines-Italy In 2022, Philippines exported $422M to Italy. The main products that Philippines exported to Italy were Coconut Oil ($105M), Other Domestic Electric Housewares ($53.7M), and Integrated Circuits ($25.1M). During the last 27 years the exports of Philippines to Italy have increased at an annualized rate of 2.68%, from $206M in 1995 to $422M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €33.3M and imported €5.98M from Philippines, resulting in a positive trade balance of €27.3M. Between December 2022 and December 2023 the exports of Italy have decreased by €-20.5M (-38.1%) from €53.8M to €33.3M, while imports decreased by €-16.3M (-73.2%) from €22.3M to €5.98M.

Trade In December 2023, the top exports of Italy to Philippines were Integrated Circuits (€15.2M), Packaged Medicaments (€3.9M), Animal Food (€2.95M), Glass Working Machines (€1.96M), and Other Paper Machinery (€1.62M). In December 2023 the top imports of Italy from Philippines were Vacuum Cleaners (€6.95M), Electric Heaters (€2.16M), Other Office Machines (€1.17M), Jewellery (€1.13M), and Electric Motors (€434k).

Growth In December 2023, the decrease in Italy's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Animal Food (€-3.53M or -54.5%), Orthopedic Appliances (€-446k or -36.9%), and Chemical Analysis Instruments (€-125k or -90.1%). In December 2023, the decrease in Italy's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Other Office Machines (€-1.61M or -57.9%), Transmissions (€-283k or -89.5%), and Jewellery (€-197k or -14.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-20.5M(-38.1%)
IMPORT GROWTH (December 2022 - December 2023)€-16.3M(-73.2%)

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

To check Philippines and Italy 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, Italy exported $954M to Philippines. The main products exported from Italy to Philippines were Integrated Circuits ($162M), Vaccines, blood, antisera, toxins and cultures ($50.9M), and Packaged Medicaments ($34.1M). During the last 27 years the exports of Italy to Philippines have increased at an annualized rate of 4.68%, from $277M in 1995 to $954M in 2022.

In 2022, Philippines exported $422M to Italy. The main products exported from Philippines to Italy were Coconut Oil ($105M), Other Domestic Electric Housewares ($53.7M), and Integrated Circuits ($25.1M). During the last 27 years the exports of Philippines to Italy have increased at an annualized rate of 2.68%, from $206M in 1995 to $422M in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Philippines
Top DestinationUnited States$15.5B

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

In 2021, countries that imported more from Italy than Philippines were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Philippines than Italy were Hong Kong ($12.6B), Singapore ($7.07B), and Japan ($11.3B).

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

Comparative Advantage Italy - Philippines

Flow
Scale

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

During 2022, Italy had a large net trade with Philippines in the exports of Machines ($392M), Chemical Products ($126M), and Foodstuffs ($85.4M).

During 2022, Philippines had a large net trade with Italy in the exports of Machines ($154M), Animal and Vegetable Bi-Products ($105M), and Textiles ($27.4M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Philippines worth $28.2M, with Travel ($15.1M), Other business services ($6.51M), and Royalties and license fees ($3.31M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Philippines (Flag) (2020)

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

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

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