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2023
Exports $2.45MWorld Rnk 73 / 176
Flag Rnk 483 / 1123
2023
Destination $850k Maldives
2022 - 2023
FASTEST GROWING MARKET $850kMaldives
2023
PRODUCT COMPLEXITY IN Recreational Boats0.24Rnk 483 / 1025
2023
Imports $15MWorld Rnk 75 / 219
Flag Rnk 573 / 1202
2023
Origin $3.34M France
2022 - 2023
FASTEST GROWING ORIGIN $3.34MFrance
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.45M in Recreational Boats, making it the 73rd largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 483rd most exported product in Philippines. The main destination of Recreational Boats exports from Philippines are: Maldives ($850k), Japan ($441k), Hong Kong ($273k), Canada ($224k), and Australia ($206k).

The fastest growing export markets for Recreational Boats of Philippines between 2022 and 2023 were Maldives ($850k), Canada ($114k), and Hong Kong ($102k).

Imports In 2023, Philippines imported $15M in Recreational Boats, becoming the 75th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 573rd most imported product in Philippines. Philippines imports Recreational Boats primarily from: France ($6.92M), United States ($2M), China ($1.37M), Japan ($1.31M), and Poland ($766k).

The fastest growing import markets in Recreational Boats for Philippines between 2022 and 2023 were France ($3.34M), Japan ($1M), and Turkey ($466k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Recreational Boats exports accounted up to $150k and imports accounted up to $101k, resulting in a positive trade balance of $49.2k. Between May 2023 and July 2024 the exports of Philippines'   Recreational Boats have decreased by $-653k (-81.3%) from $803k to $150k, while imports decreased by $-766k (-88.3%) from $867k to $101k.

Destinations In July 2024, Recreational Boats were exported mostly to Japan ($106k), Netherlands ($27.7k), and Marshall Islands ($16.8k), and were imported mostly from Mexico ($77.2k), China ($21.2k), and United States ($2.66k).

Growth In July 2024, the decrease in Recreational Boats's year-by-year exports was explained primarily by a decrease in exports to Canada ($-118k or -90.6%). In July 2024, the decrease in Recreational Boats's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - July 2024)$-653k(-81.3%)
IMPORT GROWTH (July 2023 - July 2024)$-766k(-88.3%)
MAIN DESTINATION (July 2024)Japan$106k

This section shows Recreational Boats'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 Recreational Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.45M
IMPORTS (2023)$15M
NET TRADE (2023)-$12.6M

In 2023, Philippines exported $2.45M in Recreational Boats. The main destinations of Philippines exports on Recreational Boats were Maldives ($850k), Japan ($441k), Hong Kong ($273k), Canada ($224k), and Australia ($206k).

In 2023, Philippines imported $15M in Recreational Boats, mainly from France ($6.92M), United States ($2M), China ($1.37M), Japan ($1.31M), and Poland ($766k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Maldives$850k (1%)
Canada$114k (103%)
Hong Kong$102k (59.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Philippines WERE (2022 - 2023):
Australia-$641k (-75.7%)
United States-$404k (-78.6%)
France-$263k (-99.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Recreational Boats were:
Italy $3.45B
United States $1.7B
Germany $1.55B
In 2023, Philippines's main importing competitors in Recreational Boats were:
United States $3.1B
Cayman Islands $1.83B
Canada $920M

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $749k
TOP IMPORT POTENTIALChina+ $2.36M

Recreational Boats’s highest export potential is United States. With an export gap of $749k.   Recreational Boats’s highest import potential is China with an import gap of $2.36M.

See methodology.

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