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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

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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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).

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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%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Philippines's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
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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.

See methodology.

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