Cars in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $38.3M in Cars, making it the 67th largest exporter of Cars in the world. At the same year, Cars was the 194th most exported product in Philippines. The main destination of Cars exports from Philippines are: China ($17.9M), Pakistan ($14.3M), United Arab Emirates ($2.31M), Hong Kong ($1.13M), and United States ($624k).

The fastest growing export markets for Cars of Philippines between 2021 and 2022 were China ($16.9M), United Arab Emirates ($1.34M), and Hong Kong ($1.13M).

Imports In 2022, Philippines imported $4.3B in Cars, becoming the 32nd 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: Indonesia ($2.08B), Thailand ($879M), China ($727M), Japan ($179M), and South Korea ($82.9M).

The fastest growing import markets in Cars for Philippines between 2021 and 2022 were Indonesia ($881M), China ($405M), and Japan ($83.9M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Cars from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Cars exports accounted up to $74.9k and imports accounted up to $172M, resulting in a negative trade balance of $172M. Between August 2020 and August 2021 the exports of Philippines' Cars have increased by $59.2k (377%) from $15.7k to $74.9k, while imports increased by $63.4M (58.6%) from $108M to $172M.

Destinations In August 2021, Cars were exported mostly to Israel ($46.4k), United States ($15.5k), South Korea ($12k), and Netherlands Antilles ($1k), and were imported mostly from Indonesia ($66.8M), Thailand ($60.1M), Japan ($15M), China ($11.2M), and Germany ($5.1M).

Growth In August 2021, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from China ($8.56M or 48.8%), United Kingdom ($2.14M or 2.09k%), and United States ($1.93M or 93.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$59.2k(377%)

IMPORT GROWTH (August 2020 - August 2021)$63.4M(58.6%)

MAIN DESTINATION (August 2021)Israel$46.4k

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$38.3M

IMPORTS (2022)$4.3B

NET TRADE (2022)-$4.26B

In 2022, Philippines exported $38.3M in Cars. The main destinations of Philippines exports on Cars were China ($17.9M), Pakistan ($14.3M), United Arab Emirates ($2.31M), Hong Kong ($1.13M), and United States ($624k).

In 2022, Philippines imported $4.3B in Cars, mainly from Indonesia ($2.08B), Thailand ($879M), China ($727M), Japan ($179M), and South Korea ($82.9M).

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