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2023
Exports $37.9MWorld Rnk 70 / 210
Flag Rnk 190 / 1123
2023
Destination $9.62M China
2022 - 2023
FASTEST GROWING MARKET $9.62MChina
2023
PRODUCT COMPLEXITY IN Cars0.9Rnk 206 / 1025
2023
Imports $5.14BWorld Rnk 30 / 225
Flag Rnk 3 / 1202
2023
Origin $596M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $596MThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $37.9M in Cars, making it the 70th largest exporter of Cars in the world. At the same year, Cars was the 190th most exported product in Philippines. The main destination of Cars exports from Philippines are: China ($27.5M), Pakistan ($3.95M), Hong Kong ($1.59M), Cambodia ($1.22M), and United Arab Emirates ($1.14M).

The fastest growing export markets for Cars of Philippines between 2022 and 2023 were China ($9.62M), Cambodia ($1.02M), and Hong Kong ($560k).

Imports In 2023, Philippines imported $5.14B in Cars, becoming the 30th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Philippines. Philippines imports Cars primarily from: Indonesia ($2.14B), Thailand ($1.47B), China ($509M), Japan ($405M), and India ($117M).

The fastest growing import markets in Cars for Philippines between 2022 and 2023 were Thailand ($596M), Indonesia ($416M), and Japan ($197M).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (2), Gap (1), and Michael Kors (1) were at the forefront of shipping Cars from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Cars exports accounted up to $3.07M and imports accounted up to $379M, resulting in a negative trade balance of $376M. Between July 2023 and July 2024 the exports of Philippines'   Cars have increased by $1.37M (80.3%) from $1.7M to $3.07M, while imports decreased by $-32.9M (-8%) from $412M to $379M.

Destinations In July 2024, Cars were exported mostly to Spain ($1.33M), Thailand ($645k), Cambodia ($487k), China ($367k), and South Africa ($132k), and were imported mostly from Indonesia ($156M), Thailand ($114M), Japan ($44.2M), China ($29.8M), and United States ($9.01M).

Growth In July 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to China ($1.39M or 227%), South Korea ($49.5k or 762%), and United States ($5k or 25%). In July 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from China ($-6.04M or -26.1%), India ($-3.49M or -94.6%), and Spain ($-909k or -91%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.37M(80.3%)
IMPORT GROWTH (July 2023 - July 2024)$-32.9M(-8%)
MAIN DESTINATION (July 2024)Spain$1.33M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$37.9M
IMPORTS (2023)$5.14B
NET TRADE (2023)-$5.1B

In 2023, Philippines exported $37.9M in Cars. The main destinations of Philippines exports on Cars were China ($27.5M), Pakistan ($3.95M), Hong Kong ($1.59M), Cambodia ($1.22M), and United Arab Emirates ($1.14M).

In 2023, Philippines imported $5.14B in Cars, mainly from Indonesia ($2.14B), Thailand ($1.47B), China ($509M), Japan ($405M), and India ($117M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$9.62M (53.9%)
Cambodia$1.02M (519%)
Hong Kong$560k (54.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Philippines WERE (2022 - 2023):
Pakistan-$10.4M (-72.5%)
United Arab Emirates-$1.42M (-55.4%)
United States-$358k (-57.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Cars were:
Germany $174B
Japan $119B
China $74.5B
In 2023, Philippines's main importing competitors in Cars were:
United States $208B
Germany $78.1B
United Kingdom $55.5B

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $1.55M
TOP IMPORT POTENTIALChina+ $291M

Cars’s highest export potential is United Arab Emirates. With an export gap of $1.55M.   Cars’s highest import potential is China with an import gap of $291M.

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