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2022
Exports $2.66MWorld Rnk 64 / 189
Flag Rnk 481 / 1127
2022
Destination $499k Japan
2021 - 2022
FASTEST GROWING MARKET $499kJapan
2022
PRODUCT COMPLEXITY IN Railway Cargo Containers-0.92Rnk 817 / 1025
2022
Imports $13.6MWorld Rnk 57 / 215
Flag Rnk 664 / 1201
2022
Origin $3.26M China
2021 - 2022
FASTEST GROWING ORIGIN $3.26MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.66M in Railway Cargo Containers, making it the 64th largest exporter of Railway Cargo Containers in the world. At the same year, Railway Cargo Containers was the 481st most exported product in Philippines. The main destination of Railway Cargo Containers exports from Philippines are: Japan ($524k), India ($431k), Indonesia ($314k), Malaysia ($204k), and Chinese Taipei ($163k).

The fastest growing export markets for Railway Cargo Containers of Philippines between 2021 and 2022 were Japan ($499k), India ($431k), and Qatar ($133k).

Imports In 2022, Philippines imported $13.6M in Railway Cargo Containers, becoming the 57th largest importer of Railway Cargo Containers in the world. At the same year, Railway Cargo Containers was the 664th most imported product in Philippines. Philippines imports Railway Cargo Containers primarily from: China ($10.3M), United States ($1.43M), South Korea ($458k), Singapore ($364k), and Chinese Taipei ($236k).

The fastest growing import markets in Railway Cargo Containers for Philippines between 2021 and 2022 were China ($3.26M), United States ($1.39M), and South Korea ($187k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Railway Cargo Containers exports accounted up to $186k and imports accounted up to $490k, resulting in a negative trade balance of $304k. Between June 2023 and June 2024 the exports of Philippines'   Railway Cargo Containers have decreased by $-327k (-63.8%) from $513k to $186k, while imports increased by $254k (107%) from $237k to $490k.

Destinations In June 2024, Railway Cargo Containers were exported mostly to Malaysia ($134k) and Hong Kong ($52k), and were imported mostly from Singapore ($391k), Germany ($29.1k), South Korea ($26.5k), Thailand ($20.3k), and Czechia ($13.2k).

Growth In June 2024, the decrease in Railway Cargo Containers's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Railway Cargo Containers's year-by-year imports was explained primarily by an increase in imports from China ($623k or 197%) and Belgium ($17k or 127%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-327k(-63.8%)
IMPORT GROWTH (June 2023 - June 2024)$254k(107%)
MAIN DESTINATION (June 2024)Malaysia$134k

This section shows Railway Cargo Containers'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 Railway Cargo Containers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.66M
IMPORTS (2022)$13.6M
NET TRADE (2022)-$11M

In 2022, Philippines exported $2.66M in Railway Cargo Containers. The main destinations of Philippines exports on Railway Cargo Containers were Japan ($524k), India ($431k), Indonesia ($314k), Malaysia ($204k), and Chinese Taipei ($163k).

In 2022, Philippines imported $13.6M in Railway Cargo Containers, mainly from China ($10.3M), United States ($1.43M), South Korea ($458k), Singapore ($364k), and Chinese Taipei ($236k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway Cargo Containers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$499k (2k%)
India$431k (1%)
Qatar$133k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Cargo Containers BY Philippines WERE (2021 - 2022):
Indonesia-$375k (-54.4%)
Chinese Taipei-$334k (-67.3%)
China-$325k (-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 Railway Cargo Containers were:
China $5.8B
United States $413M
Poland $287M
In 2022, Philippines's main importing competitors in Railway Cargo Containers were:
United States $2.3B
Russia $606M
Netherlands $544M

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Trade Value of Railway Cargo Containers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $283k
TOP IMPORT POTENTIALChina+ $4.29M

Railway Cargo Containers’s highest export potential is India. With an export gap of $283k.   Railway Cargo Containers’s highest import potential is China with an import gap of $4.29M.

See methodology.

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