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2022
Destination $804k United States
2021 - 2022
FASTEST GROWING MARKET $804kSweden
2022
PRODUCT COMPLEXITY IN Engine Parts0.92Rnk 203 / 1025
2022
ImportsfalseWorld Rnk 56 / 224
Flag Rnk 233 / 1201
2022
Origin $9.81M China
2021 - 2022
FASTEST GROWING ORIGIN $9.81MNetherlands
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported N/A in Engine Parts, making it the 43rd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 117th most exported product in Philippines. The main destination of Engine Parts exports from Philippines are: United States ($34.8M), Thailand ($25.7M), China ($11.7M), Japan ($9.73M), and Germany ($5.71M).

The fastest growing export markets for Engine Parts of Philippines between 2021 and 2022 were Sweden ($804k), Kuwait ($462k), and Singapore ($91.9k).

Imports In 2022, Philippines imported $118M in Engine Parts, becoming the 56th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 233rd most imported product in Philippines. Philippines imports Engine Parts primarily from: China ($34.2M), Japan ($29.6M), Netherlands ($15.4M), Thailand ($7.69M), and South Korea ($6.74M).

The fastest growing import markets in Engine Parts for Philippines between 2021 and 2022 were Netherlands ($9.81M), Japan ($4.31M), and United States ($2.79M).

COMPANIES In 2023, leading companies such as Stihl (38) were at the forefront of shipping Engine Parts from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Engine Parts exports accounted up to $5.06M and imports accounted up to $5.09M, resulting in a negative trade balance of $29k. Between October 2023 and October 2024 the exports of Philippines'   Engine Parts have increased by $1.25M (32.7%) from $3.81M to $5.06M, while imports decreased by $-988k (-16.3%) from $6.07M to $5.09M.

Destinations In October 2024, Engine Parts were exported mostly to N/A, and were imported mostly from Japan ($1.75M), China ($548k), Germany ($516k), India ($427k), and United States ($307k).

Growth In October 2024, the increase in Engine Parts's year-by-year exports was explained primarily by an increase in exports to Japan ($1.19M or 767%) and Germany ($184k or 46%). In October 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.72M or -94.5%), United Kingdom ($-254k or -95.9%), and India ($-245k or -19.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.25M(32.7%)
IMPORT GROWTH (October 2023 - October 2024)$-988k(-16.3%)

This section shows Engine 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 Engine Parts over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$118M

In N/A, Philippines exported N/A in Engine Parts. The main destinations of Philippines exports on Engine Parts were United States ($34.8M), Thailand ($25.7M), China ($11.7M), Japan ($9.73M), and Germany ($5.71M).

In 2022, Philippines imported $118M in Engine Parts, mainly from China ($34.2M), Japan ($29.6M), Netherlands ($15.4M), Thailand ($7.69M), and South Korea ($6.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Sweden$804k (223%)
Kuwait$462k (121%)
Singapore$91.9k (18.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Philippines WERE (2021 - 2022):
United States-$4.52M (-11.5%)
China-$4.4M (-27.4%)
Japan-$2.76M (-22.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Engine Parts were:
Germany $13B
China $7.96B
Japan $6.08B
In 2022, Philippines's main importing competitors in Engine Parts were:
United States $13.5B
Germany $5.9B
Mexico $3.67B

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.8M
TOP IMPORT POTENTIALChina+ $21.9M

Engine Parts’s highest export potential is United States. With an export gap of $23.8M.   Engine Parts’s highest import potential is China with an import gap of $21.9M.

See methodology.

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