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2022
Exports $127MWorld Rnk 46 / 218
Flag Rnk 93 / 1127
2022
Destination $10.2M United States
2021 - 2022
FASTEST GROWING MARKET $10.2MUnited States
2022
PRODUCT COMPLEXITY IN Seats0.0071Rnk 545 / 1025
2022
Imports $513MWorld Rnk 34 / 224
Flag Rnk 74 / 1201
2022
Origin $20.3M China
2021 - 2022
FASTEST GROWING ORIGIN $20.3MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $127M in Seats, making it the 46th largest exporter of Seats in the world. At the same year, Seats was the 93rd most exported product in Philippines. The main destination of Seats exports from Philippines are: United States ($63.4M), Japan ($23.8M), Germany ($5.42M), United Kingdom ($4.87M), and Canada ($3.98M).

The fastest growing export markets for Seats of Philippines between 2021 and 2022 were United States ($10.2M), China ($2.83M), and Mexico ($2.52M).

Imports In 2022, Philippines imported $513M in Seats, becoming the 34th largest importer of Seats in the world. At the same year, Seats was the 74th most imported product in Philippines. Philippines imports Seats primarily from: China ($454M), Thailand ($12.7M), United States ($8.29M), Malaysia ($8.07M), and Italy ($3.57M).

The fastest growing import markets in Seats for Philippines between 2021 and 2022 were China ($20.3M), Malaysia ($4.54M), and Ireland ($1.64M).

COMPANIES In 2023, leading companies such as Euromarket Designs (5) and Cloud Network Technology (2) were at the forefront of shipping Seats from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Seats exports accounted up to $9.83M and imports accounted up to $5.98M, resulting in a positive trade balance of $3.85M. Between June 2023 and June 2024 the exports of Philippines'   Seats have increased by $4M (68.7%) from $5.83M to $9.83M, while imports decreased by $-8.42M (-58.5%) from $14.4M to $5.98M.

Destinations In June 2024, Seats were exported mostly to United States ($7.52M), China ($1.05M), Japan ($905k), South Korea ($165k), and Thailand ($66.9k), and were imported mostly from United States ($1.96M), Thailand ($1.65M), United Kingdom ($398k), Ireland ($339k), and France ($212k).

Growth In June 2024, the increase in Seats's year-by-year exports was explained primarily by an increase in exports to Japan ($770k or 60.9%), China ($333k or 589%), and Mexico ($264k or 9.05k%). In June 2024, the decrease in Seats's year-by-year imports was explained primarily by a decrease in imports from United States ($-408k or -33.7%), China ($-369k or -4.53%), and Japan ($-126k or -43%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$4M(68.7%)
IMPORT GROWTH (June 2023 - June 2024)$-8.42M(-58.5%)
MAIN DESTINATION (June 2024)United States$7.52M

This section shows Seats'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 Seats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$127M
IMPORTS (2022)$513M
NET TRADE (2022)-$385M

In 2022, Philippines exported $127M in Seats. The main destinations of Philippines exports on Seats were United States ($63.4M), Japan ($23.8M), Germany ($5.42M), United Kingdom ($4.87M), and Canada ($3.98M).

In 2022, Philippines imported $513M in Seats, mainly from China ($454M), Thailand ($12.7M), United States ($8.29M), Malaysia ($8.07M), and Italy ($3.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seats EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$10.2M (19.2%)
China$2.83M (276%)
Mexico$2.52M (621%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seats BY Philippines WERE (2021 - 2022):
Japan-$8.76M (-26.9%)
Singapore-$1.73M (-60.5%)
Saudi Arabia-$1.14M (-89.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Seats were:
China $34.3B
Poland $6.67B
Vietnam $4.84B
In 2022, Philippines's main importing competitors in Seats were:
United States $21.3B
Germany $8.87B
France $4.46B

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Trade Value of Seats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $46.8M
TOP IMPORT POTENTIALChina+ $77.6M

Seats’s highest export potential is United States. With an export gap of $46.8M.   Seats’s highest import potential is China with an import gap of $77.6M.

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