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2022
Exports $2.52MWorld Rnk 75 / 174
Flag Rnk 492 / 1127
2022
Destination $1.78M Singapore
2021 - 2022
FASTEST GROWING MARKET $1.78MSingapore
2022
PRODUCT COMPLEXITY IN Other Construction Vehicles-0.93Rnk 822 / 1025
2022
Imports $77.8MWorld Rnk 38 / 215
Flag Rnk 316 / 1201
2022
Origin $4.71M China
2021 - 2022
FASTEST GROWING ORIGIN $4.71MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.52M in Other Construction Vehicles, making it the 75th largest exporter of Other Construction Vehicles in the world. At the same year, Other Construction Vehicles was the 492nd most exported product in Philippines. The main destination of Other Construction Vehicles exports from Philippines are: Singapore ($1.88M), Germany ($162k), Netherlands ($152k), Australia ($94.3k), and India ($77.2k).

The fastest growing export markets for Other Construction Vehicles of Philippines between 2021 and 2022 were Singapore ($1.78M), Germany ($162k), and Netherlands ($150k).

Imports In 2022, Philippines imported $77.8M in Other Construction Vehicles, becoming the 38th largest importer of Other Construction Vehicles in the world. At the same year, Other Construction Vehicles was the 316th most imported product in Philippines. Philippines imports Other Construction Vehicles primarily from: China ($42.6M), South Korea ($7.5M), Singapore ($5.04M), Netherlands ($4.72M), and Finland ($2.54M).

The fastest growing import markets in Other Construction Vehicles for Philippines between 2021 and 2022 were South Korea ($4.71M), China ($4.1M), and Netherlands ($1.6M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Construction Vehicles exports accounted up to $230k and imports accounted up to $2.21M, resulting in a negative trade balance of $1.98M. Between February 2023 and June 2024 the exports of Philippines'   Other Construction Vehicles have decreased by $-254k (-52.5%) from $484k to $230k, while imports decreased by $-369k (-14.3%) from $2.58M to $2.21M.

Destinations In June 2024, Other Construction Vehicles were exported mostly to Australia ($230k), and were imported mostly from Sweden ($1.86M), South Korea ($129k), Ireland ($64.9k), Vietnam ($62.3k), and Japan ($59.8k).

Growth In June 2024, the decrease in Other Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Other Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from United States ($-41.6k or -99.8%), South Korea ($-35.4k or -12.6%), and Vietnam ($-9.96k or -64.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - June 2024)$-254k(-52.5%)
IMPORT GROWTH (June 2023 - June 2024)$-369k(-14.3%)
MAIN DESTINATION (June 2024)Australia$230k

This section shows Other Construction Vehicles'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 Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.52M
IMPORTS (2022)$77.8M
NET TRADE (2022)-$75.3M

In 2022, Philippines exported $2.52M in Other Construction Vehicles. The main destinations of Philippines exports on Other Construction Vehicles were Singapore ($1.88M), Germany ($162k), Netherlands ($152k), Australia ($94.3k), and India ($77.2k).

In 2022, Philippines imported $77.8M in Other Construction Vehicles, mainly from China ($42.6M), South Korea ($7.5M), Singapore ($5.04M), Netherlands ($4.72M), and Finland ($2.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Construction Vehicles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$1.78M (1.79k%)
Germany$162k (1%)
Netherlands$150k (6.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Construction Vehicles BY Philippines WERE (2021 - 2022):
Japan-$1.37M (-98%)
China-$661k (-99.5%)
Canada-$293k (-100%)
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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 Construction Vehicles were:
China $2.42B
Germany $1.45B
United States $1.23B
In 2022, Philippines's main importing competitors in Other Construction Vehicles were:
United States $1.62B
Canada $778M
India $571M

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Trade Value of Other Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $65.6k
TOP IMPORT POTENTIALChina+ $3.24M

Other Construction Vehicles’s highest export potential is Australia. With an export gap of $65.6k.   Other Construction Vehicles’s highest import potential is China with an import gap of $3.24M.

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