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Trade between Italy and the Philippines

In 2024, Italy exported $1 billion to the Philippines and imported $500 million. Italy ran a surplus of $517 million with the Philippines, compared with a surplus of $647 million in 2019. The Philippines was Italy’s 72nd largest trading partner (0.1% of its trade), and Italy was the Philippines’ 24th (0.6%).

Summary

Italy → Philippines
$1billion
Philippines → Italy
$500million
Italy’s balance
$517million

Balance

Italy’s trade balance with the Philippines

Trade between Italy and the Philippines grew 3.1-fold since 1995

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

  • Exports 1
  • Imports 0.5
  • Balance +0.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$277 million$212 million$65 million
1996$440 million$170 million$271 million
1997$416 million$142 million$275 million
1998$270 million$223 million$47 million
1999$263 million$159 million$104 million
2000$261 million$271 million-$10 million
2001$222 million$145 million$77 million
2002$244 million$138 million$105 million
2003$234 million$182 million$52 million
2004$246 million$218 million$28 million
2005$274 million$261 million$14 million
2006$243 million$362 million-$120 million
2007$309 million$306 million$3 million
2008$369 million$404 million-$35 million
2009$281 million$386 million-$105 million
2010$306 million$456 million-$150 million
2011$440 million$380 million$60 million
2012$440 million$293 million$147 million
2013$496 million$269 million$227 million
2014$515 million$269 million$246 million
2015$529 million$282 million$247 million
2016$638 million$265 million$373 million
2017$733 million$353 million$381 million
2018$778 million$322 million$456 million
2019$978 million$332 million$647 million
2020$677 million$316 million$360 million
2021$926 million$366 million$560 million
2022$1 billion$433 million$578 million
2023$942 million$354 million$588 million
2024$1 billion$500 million$517 million

What they sell each other

What Italy sells to the Philippines

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

  1. Microchips$213 million · 21%
    80 tonnes · Italy’s destinations
  2. Medicines in measured doses or retail packs$82 million · 8%
    749 tonnes · Italy’s destinations
  3. Meat and fish meal$71 million · 7%
    124 thousand tonnes
  4. Pet and animal feed$38 million · 3.7%
    71 thousand tonnes
  5. Bags, suitcases and cases$31 million · 3%
    401 tonnes
  6. Jewelry$28 million · 2.8%
    2 tonnes · Italy’s destinations
  7. Dishwashers and packing machines$20 million · 2%
    348 tonnes
  8. Tanned cattle hides$19 million · 1.9%
    924 tonnes
  9. Electrical test instruments$13 million · 1.2%
    9 tonnes
  10. Leather footwear$12 million · 1.2%
    170 tonnes

What the Philippines sells to Italy

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

  1. Coconut and palm kernel oil$121 million · 24.3%
    51 thousand tonnes
  2. Gold$95 million · 18.9%
    1 tonne · the Philippines’ destinations
  3. Home appliances$33 million · 6.7%
    659 tonnes
  4. Prepared fish and caviar$24 million · 4.8%
    4 thousand tonnes
  5. Jewelry$22 million · 4.4%
    1 tonne · Italy’s sources
  6. Air pumps, compressors and fans$15 million · 3.1%
    426 tonnes
  7. Microchips$14 million · 2.8%
    7 tonnes · the Philippines’ destinations
  8. Electric heaters and hair dryers$12 million · 2.5%
    404 tonnes
  9. ATMs and other office machines$12 million · 2.4%
    455 tonnes
  10. Frozen fish$12 million · 2.3%
    3 thousand tonnes

How it travels

Estimated sea route from Genoa to Manila.

The estimated sea route between Genoa and Manila is 13,139 nautical miles (24,333 km) long: ≈ 30.5–39 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (13,139 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (7,970 nautical miles).

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$701 million · 46.2%
  2. Air$817 million · 53.8%

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

How much each matters to the other

The Philippines was Italy’s 72nd largest trading partner (0.1% of its trade), and Italy was the Philippines’ 24th (0.6%).

The Philippines in Italy’s trade
0.1%
The Philippines’ rank among Italy’s partners
72nd
Italy in the Philippines’ trade
0.6%
Italy’s rank among the Philippines’ partners
24th

Compare with

Other partners of Italy

Other partners of the Philippines

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.