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2022
Exports $3.54MWorld Rnk 70 / 167
Flag Rnk 446 / 1127
2022
Destination $758k Australia
2021 - 2022
FASTEST GROWING MARKET $758kAustralia
2022
PRODUCT COMPLEXITY IN Recreational Boats0.3Rnk 445 / 1025
2022
Imports $23.8MWorld Rnk 61 / 217
Flag Rnk 544 / 1201
2022
Origin $7.13M France
2021 - 2022
FASTEST GROWING ORIGIN $7.13MFrance
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.54M in Recreational Boats, making it the 70th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 446th most exported product in Philippines. The main destination of Recreational Boats exports from Philippines are: Australia ($847k), Japan ($702k), United States ($620k), Netherlands ($283k), and France ($266k).

The fastest growing export markets for Recreational Boats of Philippines between 2021 and 2022 were Australia ($758k), Japan ($367k), and China ($215k).

Imports In 2022, Philippines imported $23.8M in Recreational Boats, becoming the 61st largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 544th most imported product in Philippines. Philippines imports Recreational Boats primarily from: France ($7.57M), China ($5.5M), United States ($3.97M), Poland ($1.96M), and Mexico ($1.18M).

The fastest growing import markets in Recreational Boats for Philippines between 2021 and 2022 were France ($7.13M), China ($3.23M), and Thailand ($709k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Recreational Boats exports accounted up to $36.2k and imports accounted up to $291k, resulting in a negative trade balance of $255k. Between April 2023 and June 2024 the exports of Philippines'   Recreational Boats have increased by $29.4k (428%) from $6.86k to $36.2k, while imports decreased by $-187k (-39.1%) from $478k to $291k.

Destinations In June 2024, Recreational Boats were exported mostly to Canada ($17.4k), Australia ($9.16k), Japan ($5.89k), and Singapore ($3.75k), and were imported mostly from Mexico ($100k), Poland ($93.8k), New Zealand ($62.9k), United Kingdom ($18.5k), and South Korea ($8.14k).

Growth In June 2024, the increase in Recreational Boats's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Recreational Boats's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - June 2024)$29.4k(428%)
IMPORT GROWTH (June 2023 - June 2024)$-187k(-39.1%)
MAIN DESTINATION (June 2024)Canada$17.4k

This section shows Recreational Boats'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 Recreational Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.54M
IMPORTS (2022)$23.8M
NET TRADE (2022)-$20.3M

In 2022, Philippines exported $3.54M in Recreational Boats. The main destinations of Philippines exports on Recreational Boats were Australia ($847k), Japan ($702k), United States ($620k), Netherlands ($283k), and France ($266k).

In 2022, Philippines imported $23.8M in Recreational Boats, mainly from France ($7.57M), China ($5.5M), United States ($3.97M), Poland ($1.96M), and Mexico ($1.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Australia$758k (844%)
Japan$367k (109%)
China$215k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Philippines WERE (2021 - 2022):
Poland-$84.5k (-100%)
Netherlands-$58.7k (-17.2%)
Israel-$23.5k (-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 Recreational Boats were:
Italy $3.5B
United States $1.89B
France $1.35B
In 2022, Philippines's main importing competitors in Recreational Boats were:
United States $3.03B
Malta $1.37B
Canada $1.13B

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $749k
TOP IMPORT POTENTIALChina+ $2.36M

Recreational Boats’s highest export potential is United States. With an export gap of $749k.   Recreational Boats’s highest import potential is China with an import gap of $2.36M.

See methodology.

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