Sign In
Pricing

2022
Exports $46.5MWorld Rnk 55 / 221
Flag Rnk 171 / 1127
2022
Destination $4.96M Japan
2021 - 2022
FASTEST GROWING MARKET $4.96MJapan
2022
PRODUCT COMPLEXITY IN Excavation Machinery0.96Rnk 185 / 1025
2022
Imports $246MWorld Rnk 43 / 224
Flag Rnk 133 / 1201
2022
Origin $15.3M China
2021 - 2022
FASTEST GROWING ORIGIN $15.3MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $46.5M in Excavation Machinery, making it the 55th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 171st most exported product in Philippines. The main destination of Excavation Machinery exports from Philippines are: Japan ($27.8M), Singapore ($4.34M), China ($2.82M), Indonesia ($2.45M), and Mexico ($1.72M).

The fastest growing export markets for Excavation Machinery of Philippines between 2021 and 2022 were Japan ($4.96M), Singapore ($2.55M), and China ($2.35M).

Imports In 2022, Philippines imported $246M in Excavation Machinery, becoming the 43rd largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 133rd most imported product in Philippines. Philippines imports Excavation Machinery primarily from: China ($108M), Singapore ($23.9M), South Korea ($21.9M), Japan ($17.7M), and Thailand ($8.29M).

The fastest growing import markets in Excavation Machinery for Philippines between 2021 and 2022 were China ($15.3M), Thailand ($3.75M), and Italy ($2.32M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Excavation Machinery exports accounted up to $4.37M and imports accounted up to $8.57M, resulting in a negative trade balance of $4.19M. Between June 2023 and June 2024 the exports of Philippines'   Excavation Machinery have increased by $2.07M (89.7%) from $2.3M to $4.37M, while imports decreased by $-6.12M (-41.7%) from $14.7M to $8.57M.

Destinations In June 2024, Excavation Machinery were exported mostly to Japan ($1.41M), Singapore ($1.3M), Netherlands ($590k), Zambia ($493k), and China ($366k), and were imported mostly from Singapore ($2.04M), Japan ($937k), South Korea ($820k), Germany ($793k), and Canada ($791k).

Growth In June 2024, the increase in Excavation Machinery's year-by-year exports was explained primarily by an increase in exports to Sweden ($65.2k or 786%) and Hong Kong ($35.8k or 1.43k%). In June 2024, the decrease in Excavation Machinery's year-by-year imports was explained primarily by a decrease in imports from China ($-5.85M or -58.6%), Netherlands ($-613k or -65.8%), and Singapore ($-540k or -26.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$2.07M(89.7%)
IMPORT GROWTH (June 2023 - June 2024)$-6.12M(-41.7%)
MAIN DESTINATION (June 2024)Japan$1.41M

This section shows Excavation Machinery'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 Excavation Machinery over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$46.5M
IMPORTS (2022)$246M
NET TRADE (2022)-$199M

In 2022, Philippines exported $46.5M in Excavation Machinery. The main destinations of Philippines exports on Excavation Machinery were Japan ($27.8M), Singapore ($4.34M), China ($2.82M), Indonesia ($2.45M), and Mexico ($1.72M).

In 2022, Philippines imported $246M in Excavation Machinery, mainly from China ($108M), Singapore ($23.9M), South Korea ($21.9M), Japan ($17.7M), and Thailand ($8.29M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$4.96M (21.7%)
Singapore$2.55M (142%)
China$2.35M (499%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Philippines WERE (2021 - 2022):
United States-$3.62M (-81.5%)
Hong Kong-$661k (-92.8%)
United Arab Emirates-$189k (-20.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Excavation Machinery were:
China $15.1B
United States $6.47B
Germany $5.45B
In 2022, Philippines's main importing competitors in Excavation Machinery were:
United States $11.6B
Germany $5.17B
Canada $3.26B

Explore Visualizations

Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $5.92M
TOP IMPORT POTENTIALChina+ $44.5M

Excavation Machinery’s highest export potential is Japan. With an export gap of $5.92M.   Excavation Machinery’s highest import potential is China with an import gap of $44.5M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms