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2022
Exports $1.61BWorld Rnk 47 / 226
Flag Rnk 12 / 21
2022
Destination $142M Thailand
2021 - 2022
FASTEST GROWING MARKET $142MGermany
2022
PRODUCT COMPLEXITY IN Transportation1.48Rnk 58 / 1025
2022
Imports $13.2BWorld Rnk 33 / 226
Flag Rnk 4 / 21
2022
Origin $1.07B Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $1.07BIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.61B in Transportation, making it the 47th largest exporter of Transportation in the world. At the same year, Transportation was the 12th most exported product in Philippines. The main destination of Transportation exports from Philippines are: Thailand ($311M), Japan ($271M), Indonesia ($179M), Germany ($162M), and United States ($150M).

The fastest growing export markets for Transportation of Philippines between 2021 and 2022 were Germany ($142M), Indonesia ($108M), and Singapore ($24.3M).

Imports In 2022, Philippines imported $13.2B in Transportation, becoming the 33rd largest importer of Transportation in the world. At the same year, Transportation was the 4th most imported product in Philippines. Philippines imports Transportation primarily from: Indonesia ($3.48B), China ($2.86B), Thailand ($2.05B), Japan ($1.39B), and Singapore ($471M).

The fastest growing import markets in Transportation for Philippines between 2021 and 2022 were Indonesia ($1.07B), Singapore ($373M), and China ($226M).

COMPANIES In 2023, leading companies such as Brother Industries (4), Cinmar (3), and PVH (Phillips-Van Heusen Corporation) (2) were at the forefront of shipping Transportation from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Transportation exports accounted up to $205M and imports accounted up to $976M, resulting in a negative trade balance of $771M. Between August 2023 and August 2024 the exports of Philippines'   Transportation have increased by $50.6M (32.8%) from $154M to $205M, while imports increased by $63.7M (6.98%) from $912M to $976M.

Destinations In August 2024, Transportation were exported mostly to Japan ($92.1M), United States ($26.4M), Thailand ($19.5M), Singapore ($9.43M), and China ($7.48M), and were imported mostly from Indonesia ($350M), Thailand ($207M), China ($135M), Japan ($85.1M), and United States ($52.3M).

Growth In August 2024, the increase in Transportation's year-by-year exports was explained primarily by an increase in exports to Japan ($34.3M or 207%), Singapore ($4.65M or 81.5%), and Lithuania ($1.46M or 3.71k%). In August 2024, the increase in Transportation's year-by-year imports was explained primarily by an increase in imports from Indonesia ($101M or 53.3%), Germany ($76.2M or 889%), and Singapore ($71.1M or 3.25k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$50.6M(32.8%)
IMPORT GROWTH (August 2023 - August 2024)$63.7M(6.98%)
MAIN DESTINATION (August 2024)Japan$92.1M

This section shows Transportation'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 Transportation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.61B
IMPORTS (2022)$13.2B
NET TRADE (2022)-$11.6B

In 2022, Philippines exported $1.61B in Transportation. The main destinations of Philippines exports on Transportation were Thailand ($311M), Japan ($271M), Indonesia ($179M), Germany ($162M), and United States ($150M).

In 2022, Philippines imported $13.2B in Transportation, mainly from Indonesia ($3.48B), China ($2.86B), Thailand ($2.05B), Japan ($1.39B), and Singapore ($471M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Transportation EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$142M (699%)
Indonesia$108M (152%)
Singapore$24.3M (35.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transportation BY Philippines WERE (2021 - 2022):
Japan-$375M (-58%)
Spain-$109M (-88.2%)
Denmark-$65.6M (-98.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Transportation were:
Germany $291B
China $192B
United States $179B
In 2022, Philippines's main importing competitors in Transportation were:
United States $351B
Germany $153B
France $89.6B

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Trade Value of Transportation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $86.5M
TOP IMPORT POTENTIALChina+ $672M

Transportation’s highest export potential is United States. With an export gap of $86.5M.   Transportation’s highest import potential is China with an import gap of $672M.

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