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2023
Exports $750kWorld Rnk 112 / 158
Flag Rnk 604 / 1123
2023
Destination $474k Australia
2022 - 2023
FASTEST GROWING MARKET $474kAustralia
2023
PRODUCT COMPLEXITY IN Special purpose motor vehicles0.27Rnk 471 / 1025
2023
Imports $92.9MWorld Rnk 39 / 216
Flag Rnk 217 / 1202
2023
Origin $5.09M China
2022 - 2023
FASTEST GROWING ORIGIN $5.09MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $750k in Special purpose motor vehicles, making it the 112th largest exporter of Special purpose motor vehicles in the world. At the same year, Special purpose motor vehicles was the 604th most exported product in Philippines. The main destination of Special purpose motor vehicles exports from Philippines are: Australia ($750k).

The fastest growing export markets for Special purpose motor vehicles of Philippines between 2022 and 2023 were Australia ($474k).

Imports In 2023, Philippines imported $92.9M in Special purpose motor vehicles, becoming the 39th largest importer of Special purpose motor vehicles in the world. At the same year, Special purpose motor vehicles was the 217th most imported product in Philippines. Philippines imports Special purpose motor vehicles primarily from: China ($62.2M), Japan ($12.3M), South Korea ($8.6M), India ($3.25M), and Spain ($1.16M).

The fastest growing import markets in Special purpose motor vehicles for Philippines between 2022 and 2023 were China ($5.09M), Germany ($1.07M), and Spain ($859k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Special purpose motor vehicles exports accounted up to $242k and imports accounted up to $11.5M, resulting in a negative trade balance of $11.2M. Between June 2023 and July 2024 the exports of Philippines'   Special purpose motor vehicles have increased by $40.7k (20.2%) from $201k to $242k, while imports increased by $4.72M (69.9%) from $6.75M to $11.5M.

Destinations In July 2024, Special purpose motor vehicles were exported mostly to Australia ($242k), and were imported mostly from China ($9.8M), Japan ($1.36M), and South Korea ($310k).

Growth In July 2024, the increase in Special purpose motor vehicles's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Special purpose motor vehicles's year-by-year imports was explained primarily by an increase in imports from Japan ($1.92M or 997%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$40.7k(20.2%)
IMPORT GROWTH (July 2023 - July 2024)$4.72M(69.9%)
MAIN DESTINATION (July 2024)Australia$242k

This section shows Special purpose motor vehicles'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 Special purpose motor vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$750k
IMPORTS (2023)$92.9M
NET TRADE (2023)-$92.2M

In 2023, Philippines exported $750k in Special purpose motor vehicles. The main destinations of Philippines exports on Special purpose motor vehicles were Australia ($750k).

In 2023, Philippines imported $92.9M in Special purpose motor vehicles, mainly from China ($62.2M), Japan ($12.3M), South Korea ($8.6M), India ($3.25M), and Spain ($1.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special purpose motor vehicles EXPORT MARKETS FOR Philippines WERE (2022 - 2023):Australia$474k (172%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special purpose motor vehicles BY Philippines WERE (2022 - 2023):
South Africa-$1.43M (-100%)
Fiji-$353k (-100%)
South Korea-$72.8k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Special purpose motor vehicles were:
Germany $4.51B
China $2.86B
United States $2.33B
In 2023, Philippines's main importing competitors in Special purpose motor vehicles were:
United States $2.1B
Canada $1.1B
Thailand $783M

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Trade Value of Special purpose motor vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $25.4k
TOP IMPORT POTENTIALItaly+ $1.51M

Special purpose motor vehicles’s highest export potential is South Korea. With an export gap of $25.4k.   Special purpose motor vehicles’s highest import potential is Italy with an import gap of $1.51M.

See methodology.

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