Philippines-Japan Bilateral Trade Analysis 2023
Complete trade statistics: $21.35B total volume •Philippines surplus: $1.48B
Philippines → Japan
$11.41B
Exports (2023)
Japan → Philippines
$9.94B
Imports (2023)
Trade Balance
$1.48B
Surplus for Philippines
Total Trade
$21.35B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Philippines and Japan. Green line shows exports from Philippines, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Philippines-Japan commercial relationship and competitive positioning in global markets.
Philippines → Japan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Philippines's export portfolio to Japan demonstrates strong diversification across multiple sectors, with insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships representing a key competitive advantage in this bilateral market.
Japan → Philippines Imports
Import Dependency Profile
📦 Import Strategy Analysis
Philippines's import pattern from Japan reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Philippines demonstrates competitive strength in exportinginsulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships to Japan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $21.35B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Philippines-Japan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $21.35 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Philippines maintains a surplus of $1.48 billion
- Export Focus: Philippines's primary exports include insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, wood: builders' joinery and carpentry of wood n.e.c. in heading no. 4418, other than of bamboo, nickel: oxide sinters and other intermediate products of nickel metallurgy
- Import Dependencies: Key imports from Japan include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used, electronic integrated circuits: n.e.c. in heading no. 8542
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $21.35B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Philippines leveraging its comparative advantages in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Philippines's specialization in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or shipscomplements Japan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $21.35B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $21.35B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $21.35 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Philippines's trade surplus of $1.48 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Philippines and Japan represents a total trade volume of $21.35 billion in 2023. This partnership demonstrates a favorable trade balance for Philippines, with exports exceeding importsby $1.48 billion.
Export Strengths
Philippines's exports to Japan total $11.41 billion, with competitive advantages in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, representing $1.47B or12.9% of bilateral exports.
Import Dependencies
Imports from Japan amount to $9.94 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising4.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Philippines's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Philippines and Japan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023