Cars in Philippines

EXPORTS (2018): $23.2M, World Rnk 65 / 209
Flag Rnk 226 / 1084

TOP DESTINATION (2018): $13.2M, Pakistan

FASTEST GROWING MARKET (2017 - 2018): $4.3M, Pakistan

IMPORTS (2018): $3.78B, World Rnk 34 / 220
Flag Rnk 4 / 1201

TOP ORIGIN (2018): $1.63B, Thailand

FASTEST GROWING ORIGIN (2017 - 2018): $61.4M, China

ECONOMIC COMPLEXITY of Philippines (2018): 0.5, Rnk 46 / 137

PRODUCT COMPLEXITY  IN Cars (2018): 0.78, Rnk 249 / 1018

Overview: This page contains the latest trade data of Cars in Philippines.

Exports: In 2018, Philippines exported $23.2M in Cars, making it the 65th largest exporter of Cars in the world. At the same year, Cars was the 226th most exported product in Philippines. The main destination of Cars exports from Philippines are: Pakistan ($13.2M), United States ($1.96M), Malaysia ($1.71M), Saudi Arabia ($1.55M), and Indonesia ($1.39M).

The fastest growing export markets for Cars of Philippines between 2017 and 2018 were Pakistan ($4.3M), Saudi Arabia ($1.55M), and Indonesia ($1.24M).

Imports: In 2018, Philippines imported $3.78B in Cars, becoming the 34th largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Philippines. Philippines imports Cars primarily from: Thailand ($1.63B), Indonesia ($1.24B), Japan ($274M), South Korea ($188M), and China ($87.9M).

The fastest growing import markets in Cars for Philippines between 2017 and 2018 were China ($61.4M), Hungary ($18.4M), and Malaysia ($17.4M).

Tariffs: In 2018, the average tariff for Philippines in Cars was 28.4%. The countries with the highest import tariffs for Cars were Japan (29.8%), Angola (29.8%), Burundi (29.8%), Benin (29.8%), and Burkina Faso (29.8%).

Overview: In July 2020 Philippines' Cars exports accounted up to $126k and imports accounted up to $114M, resulting in a negative trade balance of $114M. Between July 2019 and July 2020 the exports of Philippines'   Cars have decreased by $-261k (-67.5%) from $386k to $126k, while imports decreased by $-171M (-60%) from $284M to $114M.

Destinations: In July 2020 Cars exported mostly to Cambodia ($112k) and United States ($13.8k), and imported mostly from Indonesia ($52.5M), Thailand ($27.6M), China ($16.3M), Japan ($5.24M), and United Kingdom ($2.58M).

Growth: In July 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to United States ($-110k or -88.8%). In July 2020, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-92.2M or -63.7%), Japan ($-29.8M or -85%), and Thailand ($-22.8M or -45.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-261k, (-67.5%)

IMPORT GROWTH (July 2019 - July 2020): $-171M, (-60%)

MAIN DESTINATION (July 2020): Cambodia, $112k

This section shows Cars's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

Value

EXPORTS (2018): $23.2M

IMPORTS (2018): $3.78B

NET TRADE (2018): -$3.76B

In 2018, Philippines exported $23.2M in Cars. The main destinations of Philippines exports on Cars were Pakistan ($13.2M), United States ($1.96M), Malaysia ($1.71M), Saudi Arabia ($1.55M), and Indonesia ($1.39M).

In 2018, Philippines imported $3.78B in Cars, mainly from Thailand ($1.63B), Indonesia ($1.24B), Japan ($274M), South Korea ($188M), and China ($87.9M).

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IN 2018, Philippines HAD A POSITIVE NET TRADE IN Cars WITH:

  • Pakistan, $13.2M ($13.2M - $0)
  • Saudi Arabia, $1.25M ($1.55M - $301k)
  • Macau, $75k ($75k - $0)

IN 2018, Philippines HAD A NEGATIVE NET TRADE IN Cars WITH:

  • Thailand, -$1.63B ($1.39M - $1.63B)
  • Indonesia, -$1.24B ($1.39M - $1.24B)
  • Japan, -$274M ($396k - $274M)
Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Philippines WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Philippines WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Philippines's main exporting competitors in Cars were:

In 2018, Philippines's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars in Philippines. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Philippines in Cars was 28.4%.

The countries with the highest tariffs for Cars in Philippines were Japan (29.8%), Angola (29.8%), Burundi (29.8%), Benin (29.8%), and Burkina Faso (29.8%).

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