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2022
Flag → Flag
Exports $4.91MRnk 103 / 205
2022
Flag → Flag
Top Product $1.02MOffice Machine Parts
2022
Flag → Flag
Exports $385kRnk 93 / 160
2022
Flag → Flag
Top Product $142kNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
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$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Philippines-Iceland In 2022, Philippines exported $4.91M to Iceland. The main products that Philippines exported to Iceland are 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.

Iceland-Philippines In 2022, Iceland exported $385k to Philippines. The main products that Iceland exported 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 2019, Iceland exported services to Philippines worth $5.82M, with Travel ($5.49M) and Transportation ($336k) being the largest in terms of value.

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $31.3k and imported $247 from Iceland, resulting in a positive trade balance of $31.1k. Between August 2020 and August 2021 the exports of Philippines have decreased by $-109k (-77.7%) from $140k to $31.3k, while imports decreased by $-9.68k (-97.5%) from $9.92k to $247.

Trade In August 2021, the top exports of Philippines to Iceland were Wood Ornaments ($74.1k) and Imitation Jewellery ($266). In August 2021 the top imports of Philippines from Iceland were Fermented Milk Products ($67.8k).

Growth In August 2021, the decrease in Philippines's year-by-year exports to Iceland was explained primarily by an decrease in product exports in . In August 2021, the decrease in Philippines's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$-109k(-77.7%)
IMPORT GROWTH (August 2020 - August 2021)$-9.68k(-97.5%)

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 Iceland and Philippines 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, 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.

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.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Iceland
Top DestinationNetherlands$1.97B

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

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

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

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

Comparative Advantage Philippines - Iceland

Flow
Scale

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

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

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).

Service Trade

Bilateral Service Trade

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 (Flag) to Philippines (Flag) (2019)

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

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

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