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2022
Exports $3.03MWorld Rnk 62 / 186
Flag Rnk 468 / 1127
2022
Destination $1.11M Indonesia
2021 - 2022
FASTEST GROWING MARKET $1.11MIndonesia
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $240MWorld Rnk 32 / 220
Flag Rnk 137 / 1201
2022
Origin $24.1M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $24.1MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.03M in Combustion Engines, making it the 62nd largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 468th most exported product in Philippines. The main destination of Combustion Engines exports from Philippines are: Indonesia ($2.17M), Australia ($173k), South Africa ($159k), United States ($133k), and India ($74.2k).

The fastest growing export markets for Combustion Engines of Philippines between 2021 and 2022 were Indonesia ($1.11M), South Africa ($159k), and India ($74.2k).

Imports In 2022, Philippines imported $240M in Combustion Engines, becoming the 32nd largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 137th most imported product in Philippines. Philippines imports Combustion Engines primarily from: Thailand ($111M), Japan ($71.9M), China ($36.7M), Indonesia ($7.31M), and United States ($2.61M).

The fastest growing import markets in Combustion Engines for Philippines between 2021 and 2022 were Thailand ($24.1M), Japan ($2M), and South Korea ($1.1M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Combustion Engines exports accounted up to $4k and imports accounted up to $2.11M, resulting in a negative trade balance of $2.1M. Between January 2023 and June 2024 the exports of Philippines'   Combustion Engines have decreased by $-1.43k (-26.3%) from $5.43k to $4k, while imports decreased by $-4.36M (-67.4%) from $6.47M to $2.11M.

Destinations In June 2024, Combustion Engines were exported mostly to South Korea ($4k), and were imported mostly from Japan ($1.33M), Singapore ($517k), United States ($84.7k), South Korea ($51k), and Thailand ($39k).

Growth In June 2024, the decrease in Combustion Engines's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-6.56M or -94.9%), United States ($-890k or -79.4%), and Singapore ($-649k or -79.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - June 2024)$-1.43k(-26.3%)
IMPORT GROWTH (June 2023 - June 2024)$-4.36M(-67.4%)
MAIN DESTINATION (June 2024)South Korea$4k

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.03M
IMPORTS (2022)$240M
NET TRADE (2022)-$237M

In 2022, Philippines exported $3.03M in Combustion Engines. The main destinations of Philippines exports on Combustion Engines were Indonesia ($2.17M), Australia ($173k), South Africa ($159k), United States ($133k), and India ($74.2k).

In 2022, Philippines imported $240M in Combustion Engines, mainly from Thailand ($111M), Japan ($71.9M), China ($36.7M), Indonesia ($7.31M), and United States ($2.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$1.11M (105%)
South Africa$159k (1%)
India$74.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Philippines WERE (2021 - 2022):
Australia-$296k (-63.1%)
Singapore-$127k (-80.9%)
Japan-$25k (-85.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, Philippines's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $820k
TOP IMPORT POTENTIALChina+ $14.5M

Combustion Engines’s highest export potential is Indonesia. With an export gap of $820k.   Combustion Engines’s highest import potential is China with an import gap of $14.5M.

See methodology.

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