2023
Exports
$2.19MWorld Rnk 46 / 86
Flag Rnk 508 / 1123
2023
PRODUCT COMPLEXITY IN Tug Boats
-1.04Rnk 840 / 1025
2023
Imports
$34.3MWorld Rnk 23 / 133
Flag Rnk 408 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.19M in Tug Boats, making it the 46th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 508th most exported product in Philippines. The main destination of Tug Boats exports from Philippines are: United Arab Emirates ($1.31M) and Indonesia ($882k).

The fastest growing export markets for Tug Boats of Philippines between 2022 and 2023 were United Arab Emirates ($1.31M) and Indonesia ($882k).

Imports In 2023, Philippines imported $34.3M in Tug Boats, becoming the 23rd largest importer of Tug Boats in the world. At the same year, Tug Boats was the 408th most imported product in Philippines. Philippines imports Tug Boats primarily from: China ($12.1M), Vietnam ($9.55M), Malaysia ($4.21M), South Korea ($3.03M), and Singapore ($2.98M).

The fastest growing import markets in Tug Boats for Philippines between 2022 and 2023 were Vietnam ($9.55M), China ($4M), and South Korea ($2.42M).

COMPANIES In 2023, leading companies such as Cinmar (3) were at the forefront of shipping Tug Boats from Philippines to the United States.

Latest Trends

Jan 2025

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Tug Boats. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$2.19M
IMPORTS (2023)$34.3M
NET TRADE (2023)-$32.1M

In 2023, Philippines exported $2.19M in Tug Boats. The main destinations of Philippines exports on Tug Boats were United Arab Emirates ($1.31M) and Indonesia ($882k).

In 2023, Philippines imported $34.3M in Tug Boats, mainly from China ($12.1M), Vietnam ($9.55M), Malaysia ($4.21M), South Korea ($3.03M), and Singapore ($2.98M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Indonesia$882k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Philippines WERE (2022 - 2023):
India-$4.26M (-100%)
Singapore-$3.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Tug Boats were:
In 2023, Philippines's main importing competitors in Tug Boats were:

Explore Visualizations

Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $861k
TOP IMPORT POTENTIALSouth Korea+ $477k

Tug Boats’s highest export potential is India. With an export gap of $861k.   Tug Boats’s highest import potential is South Korea with an import gap of $477k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with