{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:17.145Z",
  "seo": {
    "title": "Philippines exports to South Korea: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Philippines to South Korea, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "PHL",
    "country_name": "Philippines"
  },
  "importer": {
    "iso3": "KOR",
    "country_name": "South Korea"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PHL",
    "importer_iso3": "KOR",
    "all_history_lane_count": 541,
    "current_lane_count": 430,
    "current_product_count": 430,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 3860514421.609181,
    "attention_trade_usd": 2529349312.9383707,
    "critical_trade_usd": 166436014.35849255,
    "high_volatility_trade_usd": 2180665031.3053613,
    "unrecovered_drawdown_trade_usd": 698467076.9166768,
    "declining_demand_trade_usd": 684788.8563257196,
    "concentrated_market_trade_usd": 2472459228.7887063,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 6,
    "high_attention_lane_count": 103,
    "high_volatility_lane_count": 294,
    "unrecovered_drawdown_lane_count": 199,
    "declining_demand_lane_count": 2,
    "concentrated_market_lane_count": 258,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.191031642621093,
    "trade_weighted_below_peak_pct": 27.156935416655788,
    "product_concentration_hhi": 447.26358885902243,
    "top1_product_share_pct": 12.486572040890142,
    "top3_product_share_pct": 29.825293021831207,
    "top_product_hs6": "850110",
    "top_product_trade_usd": 482045914.40318376,
    "top_product_description": "Electric motors: of an output not exceeding 37.5W",
    "top_attention_product_hs6": "850110",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 2615.750732421875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 13.54867563866667,
    "avg_mfn_tariff_pct": 14.600262464040409,
    "avg_preferential_tariff_pct": 15.873180051559599,
    "tariff_advantage_pp": -1.27291758751919,
    "buyer_biz_entry_days": 8,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1798533.915091,
    "buyer_gdp_pc_latest": 34758,
    "buyer_population_latest": 51744.877,
    "buyer_gdp_5y_cagr_pct": 1.3815058218118237,
    "buyer_gdp_pc_5y_cagr_pct": 1.3868953035443221,
    "buyer_population_5y_cagr_pct": -0.00531575773807802,
    "buyer_investment_5y_avg_pct": 32.412,
    "buyer_savings_5y_avg_pct": 34.20399999999999,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 65.51845263885998,
    "critical_trade_share_pct": 4.311239285284599,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_buyer_markets"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 1798533.915091,
    "buyer_gdp_pc_2024": 34758,
    "buyer_population_2024": 51744.877
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 552775480.4197752,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 522245749.57769454,
      "yoy_growth_pct": -5.522989337171136,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 606433540.8663011,
      "yoy_growth_pct": 16.120340157231272,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 607544201.9947803,
      "yoy_growth_pct": 0.1831463884554685,
      "cagr_3y_pct": 3.1992093414438205
    },
    {
      "year": 1999,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 1083001948.1045372,
      "yoy_growth_pct": 78.25895540582277,
      "cagr_3y_pct": 27.521899930885695
    },
    {
      "year": 2000,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 1396764483.9173036,
      "yoy_growth_pct": 28.971557840861827,
      "cagr_3y_pct": 32.06264463471869
    },
    {
      "year": 2001,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 1529549811.7005148,
      "yoy_growth_pct": 9.50663689635116,
      "cagr_3y_pct": 36.03852510153269
    },
    {
      "year": 2002,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 1893173325.1628845,
      "yoy_growth_pct": 23.773237764522513,
      "cagr_3y_pct": 20.46301063146212
    },
    {
      "year": 2003,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 1921519343.880236,
      "yoy_growth_pct": 1.4972754126943322,
      "cagr_3y_pct": 11.217687081795935
    },
    {
      "year": 2004,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 1976651070.064682,
      "yoy_growth_pct": 2.8691736234679466,
      "cagr_3y_pct": 8.923635705512222
    },
    {
      "year": 2005,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2180579691.5223804,
      "yoy_growth_pct": 10.31687506945904,
      "cagr_3y_pct": 4.823951917802094
    },
    {
      "year": 2006,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2074568787.723933,
      "yoy_growth_pct": -4.861592731996667,
      "cagr_3y_pct": 2.587479482276289
    },
    {
      "year": 2007,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2269523143.9647355,
      "yoy_growth_pct": 9.397343553726767,
      "cagr_3y_pct": 4.713224831404461
    },
    {
      "year": 2008,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2862030215.711359,
      "yoy_growth_pct": 26.107117405797652,
      "cagr_3y_pct": 9.488225507880532
    },
    {
      "year": 2009,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2223709698.6776237,
      "yoy_growth_pct": -22.303067016190823,
      "cagr_3y_pct": 2.3411006927554823
    },
    {
      "year": 2010,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2851321761.31779,
      "yoy_growth_pct": 28.223650911510134,
      "cagr_3y_pct": 7.903915515848858
    },
    {
      "year": 2011,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2905659427.9903307,
      "yoy_growth_pct": 1.9057009773399747,
      "cagr_3y_pct": 0.5055778702138136
    },
    {
      "year": 2012,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3046088012.3878584,
      "yoy_growth_pct": 4.832933379761362,
      "cagr_3y_pct": 11.059262649048641
    },
    {
      "year": 2013,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3349587061.90434,
      "yoy_growth_pct": 9.963567969218513,
      "cagr_3y_pct": 5.515196951554313
    },
    {
      "year": 2014,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2924177491.0818734,
      "yoy_growth_pct": -12.70035866990149,
      "cagr_3y_pct": 0.21198702140456938
    },
    {
      "year": 2015,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2922770628.1828446,
      "yoy_growth_pct": -0.04811140579938922,
      "cagr_3y_pct": -1.368093257359304
    },
    {
      "year": 2016,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 2727224518.3499527,
      "yoy_growth_pct": -6.690436394403876,
      "cagr_3y_pct": -6.622292503699068
    },
    {
      "year": 2017,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3601719907.1837444,
      "yoy_growth_pct": 32.06539773127612,
      "cagr_3y_pct": 7.193570119399917
    },
    {
      "year": 2018,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3103637569.5684943,
      "yoy_growth_pct": -13.829013650445422,
      "cagr_3y_pct": 2.0215902295285693
    },
    {
      "year": 2019,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3677326754.030272,
      "yoy_growth_pct": 18.48441293812342,
      "cagr_3y_pct": 10.476636348744762
    },
    {
      "year": 2020,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3134671537.8749433,
      "yoy_growth_pct": -14.756785362100066,
      "cagr_3y_pct": -4.524039795225876
    },
    {
      "year": 2021,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3370820914.2224054,
      "yoy_growth_pct": 7.533464782327792,
      "cagr_3y_pct": 2.7909531484041405
    },
    {
      "year": 2022,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 4359959632.298394,
      "yoy_growth_pct": 29.34414919233903,
      "cagr_3y_pct": 5.8400611947436065
    },
    {
      "year": 2023,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 4068302428.3304124,
      "yoy_growth_pct": -6.689447347342337,
      "cagr_3y_pct": 9.078811278609965
    },
    {
      "year": 2024,
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "export_value_usd": 3969765513.394833,
      "yoy_growth_pct": -2.4220646491125764,
      "cagr_3y_pct": 5.603032982626366
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "850110",
      "hs_description": "Electric motors: of an output not exceeding 37.5W",
      "buyer_imports_latest_usd": 1219853393.819108,
      "current_below_peak_pct": 28.990757020420165,
      "lane_volatility_cv": 1.9321046279545633,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "854231",
      "hs_description": "Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits",
      "buyer_imports_latest_usd": 22419660173.798576,
      "current_below_peak_pct": 38.873299257300616,
      "lane_volatility_cv": 0.415666084564935,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "854239",
      "hs_description": "Electronic integrated circuits: n.e.c. in heading no. 8542",
      "buyer_imports_latest_usd": 15909752628.038183,
      "current_below_peak_pct": 19.40007108402176,
      "lane_volatility_cv": 0.39800025081206253,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "854430",
      "hs_description": "Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships",
      "buyer_imports_latest_usd": 2495901716.301162,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6759989405006455,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "080390",
      "hs_description": "Fruit, edible: bananas, other than plantains, fresh or dried",
      "buyer_imports_latest_usd": 312854604.63160694,
      "current_below_peak_pct": 16.735101984791886,
      "lane_volatility_cv": 0.596485665364281,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "900211",
      "hs_description": "Lenses: objective, for cameras, projectors or photographic enlargers or reducers, mounted, being parts or fittings for instruments or apparatus, of any material (excluding glass not optically worked)",
      "buyer_imports_latest_usd": 467494769.46816,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.644845083202109,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "740311",
      "hs_description": "Copper: refined, unwrought, cathodes and sections of cathodes",
      "buyer_imports_latest_usd": 2499736134.6451907,
      "current_below_peak_pct": 80.69310703309013,
      "lane_volatility_cv": 0.9318363604132693,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "850450",
      "hs_description": "Electrical inductors: n.e.c. in heading no. 8504",
      "buyer_imports_latest_usd": 603038499.3028684,
      "current_below_peak_pct": 8.955610412020826,
      "lane_volatility_cv": 1.1618766414973076,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "852990",
      "hs_description": "Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors",
      "buyer_imports_latest_usd": 1971838797.7353535,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0330467743299263,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PHL",
      "importer_iso3": "KOR",
      "hs_code": "260300",
      "hs_description": "Copper ores and concentrates",
      "buyer_imports_latest_usd": 4742964781.445455,
      "current_below_peak_pct": 54.513898202160945,
      "lane_volatility_cv": 1.0099021518981242,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PHL",
    "importer_iso3": "KOR",
    "distance_km": 2613,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 1,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 1798533.9150910003,
    "importer_gdp_per_capita_usd": 34757.71939879189,
    "importer_population": 51744.877,
    "importer_biz_entry_days": 8,
    "importer_biz_entry_cost_pct": 14.6,
    "exporter_gdp_million_usd": 394086.419343,
    "exporter_gdp_per_capita_usd": 3548.828226706311,
    "avg_applied_tariff_pct": 13.54867563866667,
    "avg_mfn_tariff_pct": 14.600262464040409,
    "avg_preferential_tariff_pct": 15.873180051559599,
    "tariff_advantage_pp": -1.27291758751919
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/PHL-KOR/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PHL-KOR/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PHL-KOR/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PHL-KOR/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PHL-KOR/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}