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Trade between India and the Philippines

In 2024, India exported $2.4 billion to the Philippines and imported $1.6 billion. India ran a surplus of $841 million with the Philippines, compared with a surplus of $1.3 billion in 2019. The Philippines was India’s 46th largest trading partner (0.4% of its trade), and India was the Philippines’ 14th (2%).

Summary

India → Philippines
$2.4billion
Philippines → India
$1.6billion
India’s balance
$841million

Balance

India’s trade balance with the Philippines

Trade between India and the Philippines grew 24.1-fold since 1995

USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.4
  • Imports 1.6
  • Balance +0.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$143 million$21 million$122 million
1996$271 million$38 million$233 million
1997$366 million$40 million$326 million
1998$193 million$47 million$147 million
1999$199 million$68 million$130 million
2000$236 million$80 million$156 million
2001$326 million$95 million$231 million
2002$525 million$141 million$384 million
2003$426 million$132 million$294 million
2004$406 million$194 million$212 million
2005$461 million$214 million$247 million
2006$538 million$248 million$290 million
2007$612 million$216 million$396 million
2008$821 million$268 million$553 million
2009$660 million$365 million$295 million
2010$732 million$445 million$287 million
2011$890 million$476 million$414 million
2012$937 million$508 million$428 million
2013$1.1 billion$386 million$673 million
2014$1.2 billion$452 million$699 million
2015$1.4 billion$606 million$818 million
2016$1.6 billion$508 million$1.1 billion
2017$1.9 billion$916 million$974 million
2018$1.9 billion$803 million$1.1 billion
2019$2 billion$648 million$1.3 billion
2020$1.7 billion$714 million$1 billion
2021$2.4 billion$954 million$1.4 billion
2022$2.3 billion$999 million$1.3 billion
2023$2.1 billion$1.7 billion$448 million
2024$2.4 billion$1.6 billion$841 million

What they sell each other

What India sells to the Philippines

The top 10 headings in 2024, with their share of the total.

  1. 19 thousand tonnes · India’s destinations
  2. Refined petroleum$351 million · 14.6%
    440 thousand tonnes · India’s destinations
  3. Frozen beef$126 million · 5.3%
    39 thousand tonnes
  4. Motorcycles$107 million · 4.5%
    5 thousand tonnes · India’s destinations
  5. Vaccines, blood and antisera$74 million · 3.1%
    577 tonnes · India’s destinations
  6. Peanuts$70 million · 2.9%
    57 thousand tonnes
  7. Cars$67 million · 2.8%
    8 thousand tonnes · India’s destinations
  8. Frozen vegetables$57 million · 2.4%
    48 thousand tonnes
  9. Airplanes and helicopters$54 million · 2.2%
    68 tonnes · India’s destinations
  10. Rice$48 million · 2%
    35 thousand tonnes · India’s destinations

What the Philippines sells to India

The top 10 headings in 2024, with their share of the total.

  1. 5 thousand tonnes
  2. Microchips$162 million · 10.4%
    30 tonnes · the Philippines’ destinations
  3. Gold$146 million · 9.3%
    3 tonnes · the Philippines’ destinations
  4. Other processed tobacco$73 million · 4.7%
    10 thousand tonnes
  5. Cyclic hydrocarbons$70 million · 4.5%
    54 thousand tonnes
  6. Airplanes and helicopters$69 million · 4.4%
    99 tonnes · India’s sources
  7. 113 tonnes
  8. Copper ore$53 million · 3.4%
    11 thousand tonnes · India’s sources
  9. Unwrought lead$53 million · 3.4%
    19 thousand tonnes
  10. Phosphoric acid$48 million · 3.1%
    33 thousand tonnes

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Manila.

The estimated sea route between Nhava Sheva (Mumbai) and Manila is 3,887 nautical miles (7,199 km) long: ≈ 9–11.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3 billion · 76.2%
  2. Air$944 million · 23.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The Philippines was India’s 46th largest trading partner (0.4% of its trade), and India was the Philippines’ 14th (2%).

The Philippines in India’s trade
0.4%
The Philippines’ rank among India’s partners
46th
India in the Philippines’ trade
1.7%
India’s rank among the Philippines’ partners
14th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.