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2022
Exports $128MWorld Rnk 37 / 219
Flag Rnk 92 / 1127
2022
Destination $10.7M Japan
2021 - 2022
FASTEST GROWING MARKET $10.7MDenmark
2022
PRODUCT COMPLEXITY IN Transmissions1.46Rnk 62 / 1025
2022
Imports $251MWorld Rnk 40 / 225
Flag Rnk 130 / 1201
2022
Origin $6.33M Japan
2021 - 2022
FASTEST GROWING ORIGIN $6.33MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $128M in Transmissions, making it the 37th largest exporter of Transmissions in the world. At the same year, Transmissions was the 92nd most exported product in Philippines. The main destination of Transmissions exports from Philippines are: Japan ($21.9M), Germany ($18M), United States ($15.5M), Denmark ($10.8M), and Mexico ($10.2M).

The fastest growing export markets for Transmissions of Philippines between 2021 and 2022 were Denmark ($10.7M), Japan ($8.54M), and United States ($5.54M).

Imports In 2022, Philippines imported $251M in Transmissions, becoming the 40th largest importer of Transmissions in the world. At the same year, Transmissions was the 130th most imported product in Philippines. Philippines imports Transmissions primarily from: Japan ($91.2M), China ($54.6M), Germany ($14.3M), Chinese Taipei ($12.4M), and United States ($12.3M).

The fastest growing import markets in Transmissions for Philippines between 2021 and 2022 were China ($6.33M), Germany ($3.24M), and Thailand ($3.1M).

COMPANIES In 2023, leading companies such as Stihl (24) were at the forefront of shipping Transmissions from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Transmissions exports accounted up to $8.17M and imports accounted up to $23M, resulting in a negative trade balance of $14.8M. Between July 2023 and July 2024 the exports of Philippines'   Transmissions have increased by $1.42M (20.9%) from $6.76M to $8.17M, while imports decreased by $-853k (-3.57%) from $23.9M to $23M.

Destinations In July 2024, Transmissions were exported mostly to Mexico ($1.48M), India ($1.02M), United States ($916k), Indonesia ($907k), and Japan ($790k), and were imported mostly from Japan ($5.72M), China ($3.15M), Thailand ($2.6M), United States ($1.94M), and Germany ($1.52M).

Growth In July 2024, the increase in Transmissions's year-by-year exports was explained primarily by an increase in exports to Thailand ($234k or 12.2%), China ($154k or 56%), and United Kingdom ($118k or 480%). In July 2024, the decrease in Transmissions's year-by-year imports was explained primarily by a decrease in imports from China ($-666k or -19.4%), Italy ($-286k or -48.8%), and Singapore ($-186k or -26.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.42M(20.9%)
IMPORT GROWTH (July 2023 - July 2024)$-853k(-3.57%)
MAIN DESTINATION (July 2024)Mexico$1.48M

This section shows Transmissions'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 Transmissions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$128M
IMPORTS (2022)$251M
NET TRADE (2022)-$123M

In 2022, Philippines exported $128M in Transmissions. The main destinations of Philippines exports on Transmissions were Japan ($21.9M), Germany ($18M), United States ($15.5M), Denmark ($10.8M), and Mexico ($10.2M).

In 2022, Philippines imported $251M in Transmissions, mainly from Japan ($91.2M), China ($54.6M), Germany ($14.3M), Chinese Taipei ($12.4M), and United States ($12.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Transmissions EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Denmark$10.7M (29.2k%)
Japan$8.54M (64%)
United States$5.54M (55.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transmissions BY Philippines WERE (2021 - 2022):
Indonesia-$2.22M (-29.9%)
Germany-$1.79M (-9.06%)
Thailand-$1.41M (-17.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Transmissions were:
Germany $12.6B
China $11.7B
United States $7.44B
In 2022, Philippines's main importing competitors in Transmissions were:
United States $10.7B
Germany $6.19B
China $5.42B

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Trade Value of Transmissions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.9M
TOP IMPORT POTENTIALChina+ $33.2M

Transmissions’s highest export potential is China. With an export gap of $15.9M.   Transmissions’s highest import potential is China with an import gap of $33.2M.

See methodology.

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