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2022
Exports $237MWorld Rnk 33 / 208
Flag Rnk 52 / 1127
2022
Destination $39.8M United States
2021 - 2022
FASTEST GROWING MARKET $39.8MUnited States
2022
PRODUCT COMPLEXITY IN Aircraft Parts0.79Rnk 246 / 1025
2022
Imports $283MWorld Rnk 31 / 217
Flag Rnk 121 / 1201
2022
Origin $36.8M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $36.8MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $237M in Aircraft Parts, making it the 33rd largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 52nd most exported product in Philippines. The main destination of Aircraft Parts exports from Philippines are: United States ($93.6M), Singapore ($36M), China ($14.6M), Japan ($13.3M), and France ($10.2M).

The fastest growing export markets for Aircraft Parts of Philippines between 2021 and 2022 were United States ($39.8M), Singapore ($6.68M), and Malaysia ($3.57M).

Imports In 2022, Philippines imported $283M in Aircraft Parts, becoming the 31st largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 121st most imported product in Philippines. Philippines imports Aircraft Parts primarily from: Singapore ($61M), United States ($38.7M), Germany ($25.2M), Israel ($22.2M), and United Kingdom ($14.7M).

The fastest growing import markets in Aircraft Parts for Philippines between 2021 and 2022 were Singapore ($36.8M), Israel ($21.7M), and Germany ($13.6M).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Aircraft Parts exports accounted up to $31.8M and imports accounted up to $31.9M, resulting in a negative trade balance of $167k. Between December 2022 and December 2023 the exports of Philippines'   Aircraft Parts have decreased by $-6.53M (-17%) from $38.3M to $31.8M, while imports increased by $14.3M (81.6%) from $17.6M to $31.9M.

Destinations In December 2023, Aircraft Parts were exported mostly to , and were imported mostly from .

Growth In December 2023, the decrease in Aircraft Parts's year-by-year exports was explained primarily by a decrease in exports to France ($-2.71M or -60.4%), Japan ($-919k or -67.9%), and Chinese Taipei ($-196k or -47.8%). In December 2023, the increase in Aircraft Parts's year-by-year imports was explained primarily by an increase in imports from Indonesia ($9.71M or 124k%), South Korea ($3.73M or 1.19k%), and Poland ($724k or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-6.53M(-17%)
IMPORT GROWTH (December 2022 - December 2023)$14.3M(81.6%)
MAIN DESTINATION (December 2023)

This section shows Aircraft Parts'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 Aircraft Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$237M
IMPORTS (2022)$283M
NET TRADE (2022)-$45.9M

In 2022, Philippines exported $237M in Aircraft Parts. The main destinations of Philippines exports on Aircraft Parts were United States ($93.6M), Singapore ($36M), China ($14.6M), Japan ($13.3M), and France ($10.2M).

In 2022, Philippines imported $283M in Aircraft Parts, mainly from Singapore ($61M), United States ($38.7M), Germany ($25.2M), Israel ($22.2M), and United Kingdom ($14.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aircraft Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$39.8M (73.9%)
Singapore$6.68M (22.8%)
Malaysia$3.57M (227%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft Parts BY Philippines WERE (2021 - 2022):
Russia-$7.75M (-95.9%)
Japan-$7.43M (-35.8%)
Czechia-$6.53M (-86.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Aircraft Parts were:
United States $12.2B
United Kingdom $10.2B
Germany $7.08B
In 2022, Philippines's main importing competitors in Aircraft Parts were:
United States $13.3B
France $9.38B
Germany $7.34B

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Trade Value of Aircraft Parts by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Aircraft Parts’s highest export potential is N/A. With an export gap of N/A.   Aircraft Parts’s highest import potential is N/A with an import gap of N/A.

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