Buses in Philippines | The Observatory of Economic Complexity

About

Exports In 2023, Philippines exported $1.27M in Buses, making it the 80th largest exporter of Buses in the world. At the same year, Buses was the 549th most exported product in Philippines. The main destination of Buses exports from Philippines are: China ($1.2M), Hong Kong ($45k), Japan ($21.1k), and Egypt ($407).

The fastest growing export markets for Buses of Philippines between 2022 and 2023 were China ($154k), Japan ($21.1k), and Egypt ($407).

Imports In 2023, Philippines imported $395M in Buses, becoming the 13th largest importer of Buses in the world. At the same year, Buses was the 65th most imported product in Philippines. Philippines imports Buses primarily from: Japan ($337M), South Korea ($30.1M), China ($24.2M), Vietnam ($1.91M), and Hong Kong ($835k).

The fastest growing import markets in Buses for Philippines between 2022 and 2023 were Japan ($81M), South Korea ($15M), and Vietnam ($1.85M).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Buses exports accounted up to $50k and imports accounted up to $38.9M, resulting in a negative trade balance of $38.8M. Between January 2023 and May 2024 the exports of Philippines' Buses have decreased by $-55k (-52.4%) from $105k to $50k, while imports increased by $8.15M (26.5%) from $30.8M to $38.9M.

Destinations In May 2024, Buses were exported mostly to , and were imported mostly from Japan ($33.9M), China ($2.19M), South Korea ($1.8M), Vietnam ($927k), and United States ($35.9k).

Growth In May 2024, the decrease in Buses's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Buses's year-by-year imports was explained primarily by an increase in imports from China ($2.55M or 382%), South Korea ($1.09M or 243%), and Japan ($68.7k or 0.31%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - May 2024)$-55k(-52.4%)

IMPORT GROWTH (July 2023 - July 2024)$8.15M(26.5%)

MAIN DESTINATION (May 2024)

This section shows Buses'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 Buses over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.27M

IMPORTS (2023)$395M

NET TRADE (2023)-$394M

In 2023, Philippines exported $1.27M in Buses. The main destinations of Philippines exports on Buses were China ($1.2M), Hong Kong ($45k), Japan ($21.1k), and Egypt ($407).

In 2023, Philippines imported $395M in Buses, mainly from Japan ($337M), South Korea ($30.1M), China ($24.2M), Vietnam ($1.91M), and Hong Kong ($835k).

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