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2023
Exports $63.9MWorld Rnk 51 / 193
Flag Rnk 142 / 1123
2023
Destination $364k Indonesia
2022 - 2023
FASTEST GROWING MARKET $364kTurkey
2023
PRODUCT COMPLEXITY IN Delivery Trucks0.65Rnk 306 / 1025
2023
Imports $2.11BWorld Rnk 21 / 224
Flag Rnk 7 / 1202
2023
Origin $202M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $202MThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $63.9M in Delivery Trucks, making it the 51st largest exporter of Delivery Trucks in the world. At the same year, Delivery Trucks was the 142nd most exported product in Philippines. The main destination of Delivery Trucks exports from Philippines are: Indonesia ($60M), Pakistan ($1.62M), United Arab Emirates ($883k), Turkey ($364k), and Australia ($272k).

The fastest growing export markets for Delivery Trucks of Philippines between 2022 and 2023 were Turkey ($364k), Japan ($255k), and Nigeria ($112k).

Imports In 2023, Philippines imported $2.11B in Delivery Trucks, becoming the 21st largest importer of Delivery Trucks in the world. At the same year, Delivery Trucks was the 7th most imported product in Philippines. Philippines imports Delivery Trucks primarily from: Thailand ($1.29B), Japan ($311M), China ($268M), Indonesia ($151M), and South Korea ($30.8M).

The fastest growing import markets in Delivery Trucks for Philippines between 2022 and 2023 were Thailand ($202M), Japan ($32.5M), and Poland ($12.2M).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Delivery Trucks exports accounted up to $423k and imports accounted up to $206M, resulting in a negative trade balance of $205M. Between July 2022 and May 2024 the exports of Philippines'   Delivery Trucks have increased by $421k (29.3k%) from $1.44k to $423k, while imports increased by $25.8M (14.3%) from $180M to $206M.

Destinations In May 2024, Delivery Trucks were exported mostly to , and were imported mostly from Thailand ($137M), China ($27.4M), Japan ($25.1M), Indonesia ($13.1M), and South Korea ($2.23M).

Growth In May 2024, the increase in Delivery Trucks's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Delivery Trucks's year-by-year imports was explained primarily by an increase in imports from Indonesia ($3.09M or 28.9%), India ($1.68M or 296%), and South Korea ($1.07M or 31.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2022 - May 2024)$421k(29.3k%)
IMPORT GROWTH (July 2023 - July 2024)$25.8M(14.3%)
MAIN DESTINATION (May 2024)

This section shows Delivery Trucks'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 Delivery Trucks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$63.9M
IMPORTS (2023)$2.11B
NET TRADE (2023)-$2.05B

In 2023, Philippines exported $63.9M in Delivery Trucks. The main destinations of Philippines exports on Delivery Trucks were Indonesia ($60M), Pakistan ($1.62M), United Arab Emirates ($883k), Turkey ($364k), and Australia ($272k).

In 2023, Philippines imported $2.11B in Delivery Trucks, mainly from Thailand ($1.29B), Japan ($311M), China ($268M), Indonesia ($151M), and South Korea ($30.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Delivery Trucks EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Turkey$364k (1%)
Japan$255k (1%)
Nigeria$112k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Delivery Trucks BY Philippines WERE (2022 - 2023):
Indonesia-$41M (-40.6%)
Pakistan-$1.14M (-41.2%)
Thailand-$488k (-95.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Delivery Trucks were:
Mexico $31.6B
United States $22.5B
Germany $14.9B
In 2023, Philippines's main importing competitors in Delivery Trucks were:
United States $37.2B
Canada $20.5B
Australia $11.3B

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Trade Value of Delivery Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPakistan+ $1.86M
TOP IMPORT POTENTIALChina+ $60.5M

Delivery Trucks’s highest export potential is Pakistan. With an export gap of $1.86M.   Delivery Trucks’s highest import potential is China with an import gap of $60.5M.

See methodology.

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