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2022
Exports $156MWorld Rnk 28 / 208
Flag Rnk 78 / 1127
2022
Destination $71.7M United States
2021 - 2022
FASTEST GROWING MARKET $71.7MUnited States
2022
PRODUCT COMPLEXITY IN Other Engines0.83Rnk 234 / 1025
2022
Imports $59.1MWorld Rnk 52 / 223
Flag Rnk 354 / 1201
2022
Origin $12.9M China
2021 - 2022
FASTEST GROWING ORIGIN $12.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $156M in Other Engines, making it the 28th largest exporter of Other Engines in the world. At the same year, Other Engines was the 78th most exported product in Philippines. The main destination of Other Engines exports from Philippines are: United States ($85.5M), Singapore ($29.6M), Germany ($8.69M), United Arab Emirates ($6M), and Israel ($5.39M).

The fastest growing export markets for Other Engines of Philippines between 2021 and 2022 were United States ($71.7M), Singapore ($15.2M), and Germany ($5.67M).

Imports In 2022, Philippines imported $59.1M in Other Engines, becoming the 52nd largest importer of Other Engines in the world. At the same year, Other Engines was the 354th most imported product in Philippines. Philippines imports Other Engines primarily from: China ($23.3M), United States ($7.04M), Japan ($6.14M), Singapore ($4.34M), and Germany ($3.79M).

The fastest growing import markets in Other Engines for Philippines between 2021 and 2022 were China ($12.9M), United States ($3.71M), and South Korea ($2.18M).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Other Engines exports accounted up to $296k and imports accounted up to $7.29M, resulting in a negative trade balance of $7M. Between October 2023 and October 2024 the exports of Philippines'   Other Engines have increased by $224k (314%) from $71.4k to $296k, while imports increased by $1.55M (27%) from $5.74M to $7.29M.

Destinations In October 2024, Other Engines were exported mostly to Germany ($195k), Sweden ($65.4k), Japan ($34.6k), France ($585), and Cambodia ($121), and were imported mostly from United States ($2.1M), China ($1.02M), Singapore ($885k), Japan ($815k), and Vietnam ($334k).

Growth In October 2024, the increase in Other Engines's year-by-year exports was explained primarily by an increase in exports to Sweden ($3.9k or 165%). In October 2024, the increase in Other Engines's year-by-year imports was explained primarily by an increase in imports from United States ($1.07M or 573%), Singapore ($843k or 488%), and Japan ($745k or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$224k(314%)
IMPORT GROWTH (October 2023 - October 2024)$1.55M(27%)
MAIN DESTINATION (October 2024)Germany$195k

This section shows Other 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 Other Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$156M
IMPORTS (2022)$59.1M
NET TRADE (2022)$96.5M

In 2022, Philippines exported $156M in Other Engines. The main destinations of Philippines exports on Other Engines were United States ($85.5M), Singapore ($29.6M), Germany ($8.69M), United Arab Emirates ($6M), and Israel ($5.39M).

In 2022, Philippines imported $59.1M in Other Engines, mainly from China ($23.3M), United States ($7.04M), Japan ($6.14M), Singapore ($4.34M), and Germany ($3.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Engines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$71.7M (522%)
Singapore$15.2M (106%)
Germany$5.67M (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Engines BY Philippines WERE (2021 - 2022):
France-$35.9M (-98.2%)
Japan-$6.66M (-93.9%)
Russia-$237k (-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 Engines were:
China $4.52B
United States $3.4B
Germany $3.05B
In 2022, Philippines's main importing competitors in Other Engines were:
United States $4.79B
Germany $2.57B
China $1.45B

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Trade Value of Other Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.9M
TOP IMPORT POTENTIALChina+ $12.2M

Other Engines’s highest export potential is United States. With an export gap of $18.9M.   Other Engines’s highest import potential is China with an import gap of $12.2M.

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