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2022
Exports $640kWorld Rnk 68 / 164
Flag Rnk 642 / 1127
2022
Destination $183k Ecuador
2021 - 2022
FASTEST GROWING MARKET $183kEcuador
2022
PRODUCT COMPLEXITY IN Other Agricultural Machinery0.88Rnk 213 / 1025
2022
Imports $104MWorld Rnk 25 / 217
Flag Rnk 260 / 1201
2022
Origin $12.5M China
2021 - 2022
FASTEST GROWING ORIGIN $12.5MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $640k in Other Agricultural Machinery, making it the 68th largest exporter of Other Agricultural Machinery in the world. At the same year, Other Agricultural Machinery was the 642nd most exported product in Philippines. The main destination of Other Agricultural Machinery exports from Philippines are: Ecuador ($184k), South Korea ($158k), Malaysia ($149k), Guam ($43.7k), and Palau ($19.2k).

The fastest growing export markets for Other Agricultural Machinery of Philippines between 2021 and 2022 were Ecuador ($183k), South Korea ($158k), and Malaysia ($53.6k).

Imports In 2022, Philippines imported $104M in Other Agricultural Machinery, becoming the 25th largest importer of Other Agricultural Machinery in the world. At the same year, Other Agricultural Machinery was the 260th most imported product in Philippines. Philippines imports Other Agricultural Machinery primarily from: China ($41.8M), Malaysia ($16.6M), United States ($9.6M), Italy ($5.77M), and Denmark ($4.93M).

The fastest growing import markets in Other Agricultural Machinery for Philippines between 2021 and 2022 were China ($12.5M), Denmark ($2.11M), and India ($1.77M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Agricultural Machinery exports accounted up to $2.73k and imports accounted up to $1.6M, resulting in a negative trade balance of $1.59M. Between February 2023 and June 2024 the exports of Philippines'   Other Agricultural Machinery have decreased by $-159k (-98.3%) from $162k to $2.73k, while imports decreased by $-9.67M (-85.8%) from $11.3M to $1.6M.

Destinations In June 2024, Other Agricultural Machinery were exported mostly to Guam ($2.73k), and were imported mostly from India ($503k), Chinese Taipei ($283k), Germany ($205k), Switzerland ($155k), and Netherlands ($86.9k).

Growth In June 2024, the decrease in Other Agricultural Machinery's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Other Agricultural Machinery's year-by-year imports was explained primarily by a decrease in imports from Canada ($-254k or -95.7%), Germany ($-233k or -86%), and Thailand ($-25.5k or -63%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - June 2024)$-159k(-98.3%)
IMPORT GROWTH (June 2023 - June 2024)$-9.67M(-85.8%)
MAIN DESTINATION (June 2024)Guam$2.73k

This section shows Other Agricultural Machinery'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 Other Agricultural Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$640k
IMPORTS (2022)$104M
NET TRADE (2022)-$103M

In 2022, Philippines exported $640k in Other Agricultural Machinery. The main destinations of Philippines exports on Other Agricultural Machinery were Ecuador ($184k), South Korea ($158k), Malaysia ($149k), Guam ($43.7k), and Palau ($19.2k).

In 2022, Philippines imported $104M in Other Agricultural Machinery, mainly from China ($41.8M), Malaysia ($16.6M), United States ($9.6M), Italy ($5.77M), and Denmark ($4.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Agricultural Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Ecuador$183k (29.1k%)
South Korea$158k (53.7k%)
Malaysia$53.6k (56.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Agricultural Machinery BY Philippines WERE (2021 - 2022):
New Zealand-$363k (-100%)
United States-$54.1k (-83.5%)
Guam-$48.1k (-52.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Agricultural Machinery were:
Germany $1.19B
Netherlands $1.06B
China $958M
In 2022, Philippines's main importing competitors in Other Agricultural Machinery were:
United States $1.52B
Germany $672M
Canada $466M

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Trade Value of Other Agricultural Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $60k
TOP IMPORT POTENTIALGermany+ $2.03M

Other Agricultural Machinery’s highest export potential is South Korea. With an export gap of $60k.   Other Agricultural Machinery’s highest import potential is Germany with an import gap of $2.03M.

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