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2022
Exports $7.89MWorld Rnk 54 / 180
Flag Rnk 367 / 1127
2022
Destination $2.28M Thailand
2021 - 2022
FASTEST GROWING MARKET $2.28MThailand
2022
PRODUCT COMPLEXITY IN Spark-Ignition Engines1.15Rnk 117 / 1025
2022
Imports $266MWorld Rnk 34 / 222
Flag Rnk 126 / 1201
2022
Origin $32.4M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $32.4MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.89M in Spark-Ignition Engines, making it the 54th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 367th most exported product in Philippines. The main destination of Spark-Ignition Engines exports from Philippines are: Thailand ($3.21M), Germany ($2.22M), United States ($933k), Singapore ($614k), and Australia ($294k).

The fastest growing export markets for Spark-Ignition Engines of Philippines between 2021 and 2022 were Thailand ($2.28M), Germany ($2.22M), and United States ($865k).

Imports In 2022, Philippines imported $266M in Spark-Ignition Engines, becoming the 34th largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 126th most imported product in Philippines. Philippines imports Spark-Ignition Engines primarily from: Singapore ($78M), Indonesia ($77.4M), Poland ($23.4M), China ($20.5M), and Hong Kong ($12.9M).

The fastest growing import markets in Spark-Ignition Engines for Philippines between 2021 and 2022 were Singapore ($32.4M), Poland ($22.6M), and Indonesia ($12M).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Spark-Ignition Engines exports accounted up to $32.7k and imports accounted up to $977k, resulting in a negative trade balance of $944k. Between May 2023 and May 2024 the exports of Philippines'   Spark-Ignition Engines have decreased by $-10.3M (-99.7%) from $10.3M to $32.7k, while imports decreased by $-1.93M (-66.4%) from $2.91M to $977k.

Destinations In May 2024, Spark-Ignition Engines were exported mostly to , and were imported mostly from Japan ($445k), United States ($221k), France ($196k), Australia ($49.3k), and Germany ($15.7k).

Growth In May 2024, the decrease in Spark-Ignition Engines's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Spark-Ignition Engines's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-12.5M or -98.4%), China ($-185k or -68.9%), and Austria ($-106k or -57.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)$-10.3M(-99.7%)
IMPORT GROWTH (June 2023 - June 2024)$-1.93M(-66.4%)
MAIN DESTINATION (May 2024)

This section shows Spark-Ignition Engines'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 Spark-Ignition Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.89M
IMPORTS (2022)$266M
NET TRADE (2022)-$258M

In 2022, Philippines exported $7.89M in Spark-Ignition Engines. The main destinations of Philippines exports on Spark-Ignition Engines were Thailand ($3.21M), Germany ($2.22M), United States ($933k), Singapore ($614k), and Australia ($294k).

In 2022, Philippines imported $266M in Spark-Ignition Engines, mainly from Singapore ($78M), Indonesia ($77.4M), Poland ($23.4M), China ($20.5M), and Hong Kong ($12.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$2.28M (246%)
Germany$2.22M (1%)
United States$865k (1.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY Philippines WERE (2021 - 2022):
Singapore-$1.34M (-68.6%)
Poland-$376k (-100%)
United Kingdom-$102k (-92.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Spark-Ignition Engines were:
United States $7B
Germany $5.21B
Japan $5.2B
In 2022, Philippines's main importing competitors in Spark-Ignition Engines were:
United States $11.7B
Canada $4.24B
Germany $3.61B

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Trade Value of Spark-Ignition Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $335k
TOP IMPORT POTENTIALChina+ $13.3M

Spark-Ignition Engines’s highest export potential is Thailand. With an export gap of $335k.   Spark-Ignition Engines’s highest import potential is China with an import gap of $13.3M.

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