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Trade between the Philippines and Spain

In 2024, the Philippines exported $511 million to Spain and imported $880 million. The Philippines ran a deficit of $370 million with Spain, compared with a deficit of $491 million in 2019. Spain was the Philippines’ 25th largest trading partner (0.6% of its trade), and the Philippines was Spain’s 67th (0.2%).

Summary

Philippines → Spain
$511million
Spain → Philippines
$880million
The Philippines’ balance
-$370million

Balance

The Philippines’ trade balance with Spain

Trade between the Philippines and Spain grew 8.2-fold since 1995

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

  • Exports 0.5
  • Imports 0.9
  • Balance -0.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$108 million$62 million$46 million
1996$135 million$111 million$23 million
1997$128 million$133 million-$5 million
1998$137 million$141 million-$4 million
1999$149 million$153 million-$5 million
2000$163 million$113 million$50 million
2001$124 million$120 million$4 million
2002$126 million$144 million-$18 million
2003$196 million$165 million$31 million
2004$214 million$256 million-$42 million
2005$183 million$137 million$47 million
2006$241 million$145 million$96 million
2007$352 million$167 million$185 million
2008$438 million$204 million$233 million
2009$203 million$177 million$26 million
2010$241 million$227 million$14 million
2011$212 million$287 million-$74 million
2012$192 million$439 million-$247 million
2013$221 million$521 million-$299 million
2014$240 million$482 million-$242 million
2015$245 million$419 million-$175 million
2016$243 million$521 million-$278 million
2017$328 million$623 million-$295 million
2018$352 million$679 million-$328 million
2019$316 million$807 million-$491 million
2020$287 million$498 million-$211 million
2021$477 million$935 million-$458 million
2022$455 million$1.2 billion-$707 million
2023$430 million$880 million-$451 million
2024$511 million$880 million-$370 million

What they sell each other

What the Philippines sells to Spain

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

  1. Coconut and palm kernel oil$104 million · 20.3%
    81 thousand tonnes
  2. Prepared fish and caviar$54 million · 10.6%
    12 thousand tonnes
  3. Electric heaters and hair dryers$50 million · 9.8%
    390 tonnes
  4. Home appliances$49 million · 9.6%
    946 tonnes
  5. Computer and office machine parts$34 million · 6.6%
    1 thousand tonnes
  6. Preserved fruit and nuts$22 million · 4.3%
    13 thousand tonnes
  7. Microchips$19 million · 3.6%
    35 tonnes · the Philippines’ destinations
  8. Raw tobacco$15 million · 3%
    309 tonnes
  9. Plant extracts, pectin and thickeners$14 million · 2.8%
    2 thousand tonnes
  10. Control panels$10 million · 1.9%
    47 tonnes

What Spain sells to the Philippines

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

  1. Spirits$224 million · 25.5%
    75 thousand tonnes
  2. Edible offal$111 million · 12.6%
    102 thousand tonnes
  3. Pork$54 million · 6.2%
    35 thousand tonnes · Spain’s destinations
  4. Pork fat and fatback$44 million · 5%
    46 thousand tonnes
  5. Medicines in measured doses or retail packs$36 million · 4.1%
    366 tonnes · Spain’s destinations
  6. Frozen fish$34 million · 3.9%
    23 thousand tonnes
  7. Plastic pipes and hoses$31 million · 3.5%
    3 thousand tonnes
  8. Cars$20 million · 2.3%
    1 thousand tonnes · Spain’s destinations
  9. Vaccines, blood and antisera$19 million · 2.1%
    221 tonnes · Spain’s destinations
  10. Fragrance mixtures$16 million · 1.8%
    4 thousand tonnes

How it travels

Estimated sea route from Manila to Valencia.

The estimated sea route between Manila and Valencia is 12,656 nautical miles (23,439 km) long: ≈ 29.5–37.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore, the Cape of Good Hope and the Strait of Gibraltar (12,656 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait and the Suez Canal (8,262 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$1.1 billion · 76%
  2. Air$334 million · 24%

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

How much each matters to the other

Spain was the Philippines’ 25th largest trading partner (0.6% of its trade), and the Philippines was Spain’s 67th (0.2%).

Spain in the Philippines’ trade
0.6%
Spain’s rank among the Philippines’ partners
25th
The Philippines in Spain’s trade
0.2%
The Philippines’ rank among Spain’s partners
67th

Compare with

Other partners of the Philippines

Other partners of Spain

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.