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2022
Exports $71.3MWorld Rnk 32 / 206
Flag Rnk 142 / 1127
2022
Destination $2.75M Singapore
2021 - 2022
FASTEST GROWING MARKET $2.75MGermany
2022
PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts0.9Rnk 210 / 1025
2022
Imports $782MWorld Rnk 14 / 220
Flag Rnk 38 / 1201
2022
Origin $65M China
2021 - 2022
FASTEST GROWING ORIGIN $65MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $71.3M in Bi-Wheel Vehicle Parts, making it the 32nd largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 142nd most exported product in Philippines. The main destination of Bi-Wheel Vehicle Parts exports from Philippines are: Singapore ($14.7M), Japan ($12.5M), China ($4.57M), Germany ($4.38M), and Indonesia ($4.38M).

The fastest growing export markets for Bi-Wheel Vehicle Parts of Philippines between 2021 and 2022 were Germany ($2.75M), Singapore ($979k), and Turkey ($746k).

Imports In 2022, Philippines imported $782M in Bi-Wheel Vehicle Parts, becoming the 14th largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 38th most imported product in Philippines. Philippines imports Bi-Wheel Vehicle Parts primarily from: China ($370M), Indonesia ($280M), Thailand ($42.4M), India ($27.8M), and Chinese Taipei ($18.9M).

The fastest growing import markets in Bi-Wheel Vehicle Parts for Philippines between 2021 and 2022 were China ($65M), Indonesia ($39.8M), and India ($12M).

COMPANIES In 2023, leading companies such as Brother Industries (4) were at the forefront of shipping Bi-Wheel Vehicle Parts from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Bi-Wheel Vehicle Parts exports accounted up to $2.29M and imports accounted up to $5.27M, resulting in a negative trade balance of $2.98M. Between June 2023 and June 2024 the exports of Philippines'   Bi-Wheel Vehicle Parts have increased by $229k (11.1%) from $2.06M to $2.29M, while imports decreased by $-9.69M (-64.8%) from $15M to $5.27M.

Destinations In June 2024, Bi-Wheel Vehicle Parts were exported mostly to China ($922k), Singapore ($359k), Japan ($357k), Indonesia ($192k), and Vietnam ($115k), and were imported mostly from Thailand ($1.79M), Vietnam ($1.49M), India ($492k), Japan ($492k), and Chinese Taipei ($274k).

Growth In June 2024, the increase in Bi-Wheel Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to Japan ($2.49M or 572%), Lithuania ($1.47M or 6.99k%), and Thailand ($90.1k or 44%). In June 2024, the decrease in Bi-Wheel Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from India ($-2.27M or -76.4%), China ($-1.76M or -41.6%), and Japan ($-944k or -38.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$229k(11.1%)
IMPORT GROWTH (June 2023 - June 2024)$-9.69M(-64.8%)
MAIN DESTINATION (June 2024)China$922k

This section shows Bi-Wheel Vehicle Parts'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 Bi-Wheel Vehicle Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71.3M
IMPORTS (2022)$782M
NET TRADE (2022)-$711M

In 2022, Philippines exported $71.3M in Bi-Wheel Vehicle Parts. The main destinations of Philippines exports on Bi-Wheel Vehicle Parts were Singapore ($14.7M), Japan ($12.5M), China ($4.57M), Germany ($4.38M), and Indonesia ($4.38M).

In 2022, Philippines imported $782M in Bi-Wheel Vehicle Parts, mainly from China ($370M), Indonesia ($280M), Thailand ($42.4M), India ($27.8M), and Chinese Taipei ($18.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$2.75M (169%)
Singapore$979k (7.16%)
Turkey$746k (75.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY Philippines WERE (2021 - 2022):
Thailand-$1.63M (-29.5%)
Indonesia-$1.35M (-23.5%)
Japan-$1.21M (-8.82%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Bi-Wheel Vehicle Parts were:
China $12B
Chinese Taipei $5.97B
Japan $2.21B
In 2022, Philippines's main importing competitors in Bi-Wheel Vehicle Parts were:
Germany $4.18B
United States $2.41B
Netherlands $1.58B

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Trade Value of Bi-Wheel Vehicle Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.48M
TOP IMPORT POTENTIALChina+ $18.9M

Bi-Wheel Vehicle Parts’s highest export potential is China. With an export gap of $5.48M.   Bi-Wheel Vehicle Parts’s highest import potential is China with an import gap of $18.9M.

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