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2022
Exports $403kWorld Rnk 86 / 194
Flag Rnk 691 / 1127
2022
Destination $160k Vietnam
2021 - 2022
FASTEST GROWING MARKET $160kVietnam
2022
PRODUCT COMPLEXITY IN Harvesting Machinery0.77Rnk 257 / 1025
2022
Imports $68.7MWorld Rnk 54 / 222
Flag Rnk 338 / 1201
2022
Origin $320k China
2021 - 2022
FASTEST GROWING ORIGIN $320kIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $403k in Harvesting Machinery, making it the 86th largest exporter of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 691st most exported product in Philippines. The main destination of Harvesting Machinery exports from Philippines are: Vietnam ($160k), China ($78.6k), United States ($44.3k), India ($28.6k), and Italy ($26.7k).

The fastest growing export markets for Harvesting Machinery of Philippines between 2021 and 2022 were Vietnam ($160k), United Kingdom ($19.4k), and Poland ($18.5k).

Imports In 2018, Philippines imported $68.7M in Harvesting Machinery, becoming the 54th largest importer of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 338th most imported product in Philippines. Philippines imports Harvesting Machinery primarily from: China ($33.7M), Thailand ($24.1M), Vietnam ($3.09M), Singapore ($2.57M), and Malaysia ($944k).

The fastest growing import markets in Harvesting Machinery for Philippines between 2021 and 2022 were India ($320k), Brazil ($231k), and United Kingdom ($91.5k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Harvesting Machinery exports accounted up to $118k and imports accounted up to $6.12M, resulting in a negative trade balance of $6M. Between November 2022 and May 2024 the exports of Philippines'   Harvesting Machinery have increased by $117k (15k%) from $780 to $118k, while imports increased by $1.28M (26.5%) from $4.84M to $6.12M.

Destinations In May 2024, Harvesting Machinery were exported mostly to , and were imported mostly from Thailand ($5.8M), United States ($113k), United Kingdom ($56k), Australia ($12k), and Germany ($6.12k).

Growth In May 2024, the increase in Harvesting Machinery's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Harvesting Machinery's year-by-year imports was explained primarily by an increase in imports from Thailand ($3.59M or 370%), China ($1.32M or 235%), and Australia ($44.2k or 689%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - May 2024)$117k(15k%)
IMPORT GROWTH (June 2023 - June 2024)$1.28M(26.5%)
MAIN DESTINATION (May 2024)

This section shows Harvesting Machinery'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 Harvesting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$403k
IMPORTS (2022)$68.7M
NET TRADE (2022)-$68.3M

In 2022, Philippines exported $403k in Harvesting Machinery. The main destinations of Philippines exports on Harvesting Machinery were Vietnam ($160k), China ($78.6k), United States ($44.3k), India ($28.6k), and Italy ($26.7k).

In 2022, Philippines imported $68.7M in Harvesting Machinery, mainly from China ($33.7M), Thailand ($24.1M), Vietnam ($3.09M), Singapore ($2.57M), and Malaysia ($944k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Harvesting Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$160k (1%)
United Kingdom$19.4k (1%)
Poland$18.5k (8.92k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Harvesting Machinery BY Philippines WERE (2021 - 2022):
Thailand-$244k (-99.9%)
United States-$56.6k (-56.1%)
Malaysia-$10k (-71.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Harvesting Machinery were:
Germany $5.01B
United States $4.73B
China $4.04B
In 2022, Philippines's main importing competitors in Harvesting Machinery were:
United States $4.28B
Germany $2.68B
France $2.34B

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Trade Value of Harvesting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $123k
TOP IMPORT POTENTIALChina+ $10.7M

Harvesting Machinery’s highest export potential is China. With an export gap of $123k.   Harvesting Machinery’s highest import potential is China with an import gap of $10.7M.

See methodology.

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