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2022
Exports $1.38MWorld Rnk 85 / 167
Flag Rnk 572 / 1127
2022
Destination $1.04M Thailand
2021 - 2022
FASTEST GROWING MARKET $1.04MThailand
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $139MWorld Rnk 63 / 215
Flag Rnk 206 / 1201
2022
Origin $1.45M China
2021 - 2022
FASTEST GROWING ORIGIN $1.45MNetherlands
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.38M in Tractors, making it the 85th largest exporter of Tractors in the world. At the same year, Tractors was the 572nd most exported product in Philippines. The main destination of Tractors exports from Philippines are: Thailand ($1.04M), Australia ($334k), Malaysia ($500), and Papua New Guinea ($482).

The fastest growing export markets for Tractors of Philippines between 2021 and 2022 were Thailand ($1.04M), Australia ($334k), and Malaysia ($500).

Imports In 2022, Philippines imported $139M in Tractors, becoming the 63rd largest importer of Tractors in the world. At the same year, Tractors was the 206th most imported product in Philippines. Philippines imports Tractors primarily from: China ($57.2M), Thailand ($29M), Japan ($26.7M), India ($6.84M), and Vietnam ($3.11M).

The fastest growing import markets in Tractors for Philippines between 2021 and 2022 were Netherlands ($1.45M), Indonesia ($1.23M), and United States ($1.11M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Tractors exports accounted up to $268k and imports accounted up to $10.7M, resulting in a negative trade balance of $10.4M. Between March 2021 and August 2024 the exports of Philippines'   Tractors have increased by $265k (9.78k%) from $2.71k to $268k, while imports increased by $1.49M (16.3%) from $9.17M to $10.7M.

Destinations In August 2024, Tractors were exported mostly to Thailand ($268k), and were imported mostly from China ($7.09M), Thailand ($1.8M), Indonesia ($533k), Japan ($505k), and India ($364k).

Growth In August 2024, the increase in Tractors's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Tractors's year-by-year imports was explained primarily by an increase in imports from China ($1.45M or 87.2%), Hong Kong ($117k or 6.59k%), and Thailand ($16.7k or 5.41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2021 - August 2024)$265k(9.78k%)
IMPORT GROWTH (August 2023 - August 2024)$1.49M(16.3%)
MAIN DESTINATION (August 2024)Thailand$268k

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.38M
IMPORTS (2022)$139M
NET TRADE (2022)-$138M

In 2022, Philippines exported $1.38M in Tractors. The main destinations of Philippines exports on Tractors were Thailand ($1.04M), Australia ($334k), Malaysia ($500), and Papua New Guinea ($482).

In 2022, Philippines imported $139M in Tractors, mainly from China ($57.2M), Thailand ($29M), Japan ($26.7M), India ($6.84M), and Vietnam ($3.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$1.04M (1%)
Australia$334k (1%)
Malaysia$500 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Philippines WERE (2021 - 2022):
Japan-$7.82k (-100%)
Chile-$4.36k (-100%)
United States-$307 (-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 Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, Philippines's main importing competitors in Tractors were:
United States $8.01B
Canada $4.59B
France $4.06B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $107k
TOP IMPORT POTENTIALChina+ $11.6M

Tractors’s highest export potential is Australia. With an export gap of $107k.   Tractors’s highest import potential is China with an import gap of $11.6M.

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