Motorcycles and cycles in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $20.6M in Motorcycles and cycles, making it the 41st largest exporter of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 251st most exported product in Philippines. The main destination of Motorcycles and cycles exports from Philippines are: China ($10.6M), Thailand ($5.31M), Vietnam ($2.09M), Singapore ($578k), and Malaysia ($490k).

The fastest growing export markets for Motorcycles and cycles of Philippines between 2021 and 2022 were Vietnam ($1.61M), Thailand ($1.25M), and Italy ($392k).

Imports In 2022, Philippines imported $1.64B in Motorcycles and cycles, becoming the 6th largest importer of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 12th most imported product in Philippines. Philippines imports Motorcycles and cycles primarily from: Indonesia ($783M), China ($435M), India ($200M), Vietnam ($99.8M), and Thailand ($64.8M).

The fastest growing import markets in Motorcycles and cycles for Philippines between 2021 and 2022 were India ($58.9M), Vietnam ($20.1M), and Chinese Taipei ($8.73M).

Latest Trends

August 2021

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Overview In August 2021 Philippines' Motorcycles and cycles exports accounted up to $1.04M and imports accounted up to $106M, resulting in a negative trade balance of $105M. Between August 2020 and August 2021 the exports of Philippines' Motorcycles and cycles have decreased by $-644k (-38.3%) from $1.68M to $1.04M, while imports decreased by $-1.27M (-1.19%) from $107M to $106M.

Destinations In August 2021, Motorcycles and cycles were exported mostly to China ($770k) and Thailand ($266k), and were imported mostly from Indonesia ($56.7M), China ($16.5M), Thailand ($11M), India ($9.14M), and Vietnam ($7.9M).

Growth In August 2021, the decrease in Motorcycles and cycles's year-by-year exports was explained primarily by a decrease in exports to . In August 2021, the decrease in Motorcycles and cycles's year-by-year imports was explained primarily by a decrease in imports from China ($-10.7M or -69.6%), India ($-2.35M or -36.6%), and Thailand ($-2.11M or -13.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-644k(-38.3%)

IMPORT GROWTH (August 2020 - August 2021)$-1.27M(-1.19%)

MAIN DESTINATION (August 2021)China$770k

This section shows Motorcycles and cycles'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 Motorcycles and cycles over time.

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