Buses in Philippines | The Observatory of Economic Complexity

About

Exports In 2018, Philippines exported $1.21M in Buses, making it the 75th largest exporter of Buses in the world. At the same year, Buses was the 580th most exported product in Philippines. The main destination of Buses exports from Philippines are: China ($1.05M), Hong Kong ($120k), South Korea ($44.8k), and India ($2.68k).

The fastest growing export markets for Buses of Philippines between 2021 and 2022 were China ($1.05M), Hong Kong ($120k), and South Korea ($44.8k).

Imports In 2022, Philippines imported $303M in Buses, becoming the 12th largest importer of Buses in the world. At the same year, Buses was the 116th most imported product in Philippines. Philippines imports Buses primarily from: Japan ($249M), China ($38.1M), South Korea ($15.1M), United Arab Emirates ($289k), and Bahrain ($155k).

The fastest growing import markets in Buses for Philippines between 2021 and 2022 were Japan ($43.9M), China ($16.6M), and South Korea ($12.4M).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Buses exports accounted up to $50k and imports accounted up to $32.1M, resulting in a negative trade balance of $32M. 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 $4.48M (16.2%) from $27.6M to $32.1M.

Destinations In May 2024, Buses were exported mostly to , and were imported mostly from Japan ($24.2M), China ($3.74M), South Korea ($2.89M), Poland ($813k), and Vietnam ($415k).

Growth In May 2024, the decrease in Buses's year-by-year exports was explained primarily by a decrease in exports to . In August 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 (August 2023 - August 2024)$4.48M(16.2%)

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 (2022)$1.21M

IMPORTS (2022)$303M

NET TRADE (2022)-$302M

In 2022, Philippines exported $1.21M in Buses. The main destinations of Philippines exports on Buses were China ($1.05M), Hong Kong ($120k), South Korea ($44.8k), and India ($2.68k).

In 2022, Philippines imported $303M in Buses, mainly from Japan ($249M), China ($38.1M), South Korea ($15.1M), United Arab Emirates ($289k), and Bahrain ($155k).

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