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2022
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Exports $963MRnk 19 / 205
2022
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Top Product $139MGold
2022
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Exports $2.23BRnk 43 / 217
2022
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Top Product $267MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 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$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Philippines-India In 2022, Philippines exported $963M to India. The main products that Philippines exported to India are Gold ($139M), Office Machine Parts ($132M), and Gas Turbines ($74.8M). During the last 27 years the exports of Philippines to India have increased at an annualized rate of 15.2%, from $21M in 1995 to $963M in 2022.

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

India-Philippines In 2022, India exported $2.23B to Philippines. The main products that India exported to Philippines were Packaged Medicaments ($267M), Motorcycles and cycles ($200M), and Frozen Bovine Meat ($129M). During the last 27 years the exports of India to Philippines have increased at an annualized rate of 10.7%, from $143M in 1995 to $2.23B in 2022.

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

Comparison In 2022,  Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B). That same year, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $57.2M and imported $220M from India, resulting in a negative trade balance of $163M. Between August 2020 and August 2021 the exports of Philippines have increased by $13.3M (30.3%) from $43.9M to $57.2M, while imports increased by $61.7M (38.9%) from $159M to $220M.

Trade In August 2021, the top exports of Philippines to India were Refined Copper ($21.1M), Industrial Printers ($3.95M), Scrap Iron ($3.13M), Other Vegetable Residues ($2.36M), and Gold ($2.14M). In August 2021 the top imports of Philippines from India were Refined Petroleum ($43.7M), Semi-Finished Iron ($26.2M), Packaged Medicaments ($22.5M), Bi-Wheel Vehicle Parts ($14.6M), and Cars ($8.7M).

Growth In August 2021, the increase in Philippines's year-by-year exports to India was explained primarily by an increase in product exports in Scrap Iron ($1.4M or 81.1%), Cleaning Products ($1.29M or 298%), and Office Machine Parts ($1.06M or 2.2k%). In August 2021, the increase in Philippines's year-by-year imports  from India was explained primarily by an increase in product imports  in Refined Petroleum ($21.4M or 95.6%), Bi-Wheel Vehicle Parts ($8.21M or 128%), and Packaged Medicaments ($6.01M or 36.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$13.3M(30.3%)
IMPORT GROWTH (August 2020 - August 2021)$61.7M(38.9%)

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 India and Philippines trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $963M to India. The main products exported from Philippines to India were Gold ($139M), Office Machine Parts ($132M), and Gas Turbines ($74.8M). During the last 27 years the exports of Philippines to India have increased at an annualized rate of 15.2%, from $21M in 1995 to $963M in 2022.

In 2022, India exported $2.23B to Philippines. The main products exported from India to Philippines were Packaged Medicaments ($267M), Motorcycles and cycles ($200M), and Frozen Bovine Meat ($129M). During the last 27 years the exports of India to Philippines have increased at an annualized rate of 10.7%, from $143M in 1995 to $2.23B in 2022.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
India
Top DestinationUnited States$82.9B

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

In 2021, countries that imported more from Philippines than India were Japan ($11.3B), Hong Kong ($12.6B), and Switzerland ($4.1B).

In 2021, countries that imported more from India than Philippines were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Philippines - India

Flow
Scale

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

During 2022, Philippines had a large net trade with India in the exports of Machines ($415M), Chemical Products ($143M), and Precious Metals ($140M).

During 2022, India had a large net trade with Philippines in the exports of Chemical Products ($529M), Transportation ($458M), and Machines ($222M).

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

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

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