Motor vehicles; parts and accessories (8701 to 8705) in Philippines

About

Exports In 2022, Philippines exported $731M in Motor vehicles; parts and accessories (8701 to 8705), making it the 36th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 22nd most exported product in Philippines. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Philippines are: Thailand ($300M), Japan ($137M), Argentina ($58.3M), Indonesia ($54.6M), and United States ($48M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Philippines between 2021 and 2022 were India ($8.15M), Kuwait ($4.08M), and Singapore ($2.54M).

Imports In 2022, Philippines imported $1.05B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 42nd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 25th most imported product in Philippines. Philippines imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($294M), Japan ($267M), Thailand ($230M), Indonesia ($137M), and Chinese Taipei ($29.1M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Philippines between 2021 and 2022 were China ($69.4M), Indonesia ($66.4M), and Thailand ($10.2M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to $77.8M and imports accounted up to $30.5M, resulting in a positive trade balance of $47.4M. Between August 2020 and August 2021 the exports of Philippines' Motor vehicles; parts and accessories (8701 to 8705) have increased by $15.5M (24.8%) from $62.3M to $77.8M, while imports increased by $2.41M (8.59%) from $28.1M to $30.5M.

Destinations In August 2021, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Thailand ($31.7M), Japan ($14.2M), South Africa ($6.73M), Indonesia ($5.58M), and United States ($4.93M), and were imported mostly from Japan ($10.8M), Thailand ($6.64M), China ($5.84M), France ($1.37M), and South Korea ($1.13M).

Growth In August 2021, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to Thailand ($5.38M or 23.3%), Indonesia ($1.98M or 46.7%), and Argentina ($494k or 12.2%). In August 2021, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from China ($1.73M or 27.8%), Indonesia ($758k or 37.8%), and United States ($665k or 119%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$15.5M(24.8%)

IMPORT GROWTH (August 2020 - August 2021)$2.41M(8.59%)

MAIN DESTINATION (August 2021)Thailand$31.7M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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