Exports In 2022, Philippines exported $67.6B in Machines, making it the 18th largest exporter of Machines in the world. At the same year, Machines was the 1st most exported product in Philippines. The main destination of Machines exports from Philippines are: Hong Kong ($11.1B), United States ($10.1B), China ($9.51B), Singapore ($6.25B), and Japan ($5.21B).
The fastest growing export markets for Machines of Philippines between 2021 and 2022 were United States ($1.28B), Hong Kong ($858M), and China ($782M).
Imports In 2022, Philippines imported $47B in Machines, becoming the 32nd largest importer of Machines in the world. At the same year, Machines was the 1st most imported product in Philippines. Philippines imports Machines primarily from: China ($14.4B), South Korea ($5.07B), Japan ($4.93B), Chinese Taipei ($4.64B), and Singapore ($4.27B).
The fastest growing import markets in Machines for Philippines between 2021 and 2022 were South Korea ($688M), Chinese Taipei ($678M), and Singapore ($548M).
COMPANIES In 2023, leading companies such as Yokohama Industries (196), ABB Motors and Mechanical (196), and Stihl (151) were at the forefront of shipping Machines from Philippines to the United States.