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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

September 2024

About

Overview In September 2024 Philippines' Seats exports accounted up to $6.86M and imports accounted up to $20.8M, resulting in a negative trade balance of $14M. Between September 2023 and September 2024 the exports of Philippines'   Seats have decreased by $-720k (-9.5%) from $7.58M to $6.86M, while imports increased by $5.12M (32.6%) from $15.7M to $20.8M.

Destinations In September 2024, Seats were exported mostly to Japan ($3.73M), United States ($2.38M), South Korea ($225k), Canada ($137k), and Thailand ($106k), and were imported mostly from China ($11.4M), United States ($3.61M), Thailand ($1.55M), Indonesia ($648k), and United Kingdom ($558k).

Growth In September 2024, the decrease in Seats's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-237k or -86.3%), United States ($-130k or -5.3%), and South Korea ($-4.08k or -21.3%). In September 2024, the increase in Seats's year-by-year imports was explained primarily by an increase in imports from France ($1.41M or 3.35k%), Thailand ($323k or 29.4%), and Italy ($233k or 100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-720k(-9.5%)
IMPORT GROWTH (September 2023 - September 2024)$5.12M(32.6%)
MAIN DESTINATION (September 2024)Japan$3.73M

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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