Subsurface eddies (SSEs) are common features of the ocean interior. They are particularly abundant in oceanic basins and the vicinity of major intermediate water outflows. They are responsible for subsurface transport of mass, heat, and salt. Analysis of high-resolution general circulation model data has revealed the existence of subsurface anticyclonic eddies (SSAEs) and subsurface cyclonic eddies (SSCEs) in the northwest tropical Pacific Ocean. SSEs are abundant east of the Philippines (0°–22°N, 120°E–140°E) and in latitude bands between 9°N–17°N east of 140°E. The composite structure of SSEs was investigated. SSEs had a core at about 400-m water depth and their maximum meridional velocity exceeded 10 cm/s. They exhibited two cores with different salinity polarities in the surface and subsurface. Additionally, spatial distributions of heat transport induced by SSEs in the northwest tropical Pacific were presented for the first time. A net equatorward heat flux toward a temperature up-gradient was observed. The analysis of eddy-mean flow interactions revealed that the circulation is baroclinically and barotropically unstable at different depths and to differing degrees. The energy conversions suggest that both barotropic and baroclinic instabilities are responsible for SSE generation east of the Philippines, whereas baroclinic instability caused by a horizontal density gradient and vertical eddy heat flux are important between 9°N and 17°N east of 140°E. Meridional movement of the north equatorial current and the north equatorial undercurrent can contribute to SSE generation in our study region.