Pneumatic tyres new of rubber for motor cars in Philippines | The Observatory of Economic Complexity

About

The fastest growing export markets for Pneumatic tyres new of rubber for motor cars of Philippines between 2021 and 2022 were United States ($78.7M), Mexico ($6.39M), and Japan ($4.33M).

Imports In 2022, Philippines imported $159M in Pneumatic tyres new of rubber for motor cars, becoming the 47th largest importer of Pneumatic tyres new of rubber for motor cars in the world. At the same year, Pneumatic tyres new of rubber for motor cars was the 171st most imported product in Philippines. Philippines imports Pneumatic tyres new of rubber for motor cars primarily from: China ($48.5M), Thailand ($45.9M), Indonesia ($34.4M), Japan ($12M), and India ($4.35M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Pneumatic tyres new of rubber for motor cars from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Pneumatic tyres new of rubber for motor cars exports accounted up to $32.1M and imports accounted up to $5.58M, resulting in a positive trade balance of $26.6M. Between June 2023 and June 2024 the exports of Philippines' Pneumatic tyres new of rubber for motor cars have decreased by $-14.9M (-31.6%) from $47M to $32.1M, while imports decreased by $-3.19M (-36.4%) from $8.77M to $5.58M.

Destinations In June 2024, Pneumatic tyres new of rubber for motor cars were exported mostly to United States ($19.4M), Germany ($2.31M), Japan ($1.46M), Poland ($933k), and Sweden ($890k), and were imported mostly from Thailand ($3.48M), Japan ($1.23M), India ($180k), South Korea ($144k), and Vietnam ($127k).

Growth In June 2024, the decrease in Pneumatic tyres new of rubber for motor cars's year-by-year exports was explained primarily by a decrease in exports to Italy ($-323k or -90.4%), Russia ($-59k or -10.4%), and Kuwait ($-49k or -69.7%). In June 2024, the decrease in Pneumatic tyres new of rubber for motor cars's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-106k or -3.78%) and China ($-66.9k or -4.78%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-14.9M(-31.6%)

IMPORT GROWTH (June 2023 - June 2024)$-3.19M(-36.4%)

MAIN DESTINATION (June 2024)United States$19.4M

This section shows Pneumatic tyres new of rubber for motor cars'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 Pneumatic tyres new of rubber for motor cars over time.

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