Cranes in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $7.94M in Cranes, making it the 54th largest exporter of Cranes in the world. At the same year, Cranes was the 366th most exported product in Philippines. The main destination of Cranes exports from Philippines are: Malaysia ($4.44M), China ($1.82M), Indonesia ($1.12M), Fiji ($280k), and Singapore ($101k).

The fastest growing export markets for Cranes of Philippines between 2021 and 2022 were Malaysia ($4.44M), China ($1.82M), and Indonesia ($1.05M).

Imports In 2018, Philippines imported $116M in Cranes, becoming the 37th largest importer of Cranes in the world. At the same year, Cranes was the 234th most imported product in Philippines. Philippines imports Cranes primarily from: China ($60.8M), Japan ($36.9M), India ($3.17M), United Arab Emirates ($2.99M), and South Korea ($2.91M).

The fastest growing import markets in Cranes for Philippines between 2021 and 2022 were Japan ($7.05M), India ($2.07M), and United Arab Emirates ($491k).

COMPANIES In 2023, leading companies such as Yokohama Industries (196) were at the forefront of shipping Cranes from Philippines to the United States.

Latest Trends

April 2024

About

Overview In April 2024 Philippines' Cranes exports accounted up to $371k and imports accounted up to $12.5M, resulting in a negative trade balance of $12.1M. Between April 2022 and April 2024 the exports of Philippines' Cranes have increased by $91.3k (32.6%) from $280k to $371k, while imports decreased by $-11.3M (-47.6%) from $23.8M to $12.5M.

Destinations In April 2024, Cranes were exported mostly to , and were imported mostly from China ($5.35M), Japan ($3.43M), Iceland ($2.22M), Vietnam ($1.02M), and South Korea ($360k).

Growth In April 2024, the increase in Cranes's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Cranes's year-by-year imports was explained primarily by a decrease in imports from China ($-3.44M or -67.6%), India ($-127k or -22.6%), and Japan ($-77.6k or -5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2022 - April 2024)$91.3k(32.6%)

IMPORT GROWTH (July 2023 - July 2024)$-11.3M(-47.6%)

MAIN DESTINATION (April 2024)

This section shows Cranes'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 Cranes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.94M

IMPORTS (2022)$116M

NET TRADE (2022)-$108M

In 2022, Philippines exported $7.94M in Cranes. The main destinations of Philippines exports on Cranes were Malaysia ($4.44M), China ($1.82M), Indonesia ($1.12M), Fiji ($280k), and Singapore ($101k).

In 2022, Philippines imported $116M in Cranes, mainly from China ($60.8M), Japan ($36.9M), India ($3.17M), United Arab Emirates ($2.99M), and South Korea ($2.91M).

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