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2022
Exports $2.11MWorld Rnk 69 / 159
Flag Rnk 520 / 1127
2022
Destination $1.43M South Africa
2021 - 2022
FASTEST GROWING MARKET $1.43MSouth Africa
2022
PRODUCT COMPLEXITY IN Special purpose motor vehicles0.29Rnk 457 / 1025
2022
Imports $132MWorld Rnk 29 / 220
Flag Rnk 212 / 1201
2022
Origin $11.4M China
2021 - 2022
FASTEST GROWING ORIGIN $11.4MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.11M in Special purpose motor vehicles, making it the 69th largest exporter of Special purpose motor vehicles in the world. At the same year, Special purpose motor vehicles was the 520th most exported product in Philippines. The main destination of Special purpose motor vehicles exports from Philippines are: South Africa ($1.43M), Fiji ($339k), Australia ($276k), South Korea ($73k), and France ($17).

The fastest growing export markets for Special purpose motor vehicles of Philippines between 2021 and 2022 were South Africa ($1.43M), Fiji ($339k), and Australia ($236k).

Imports In 2022, Philippines imported $132M in Special purpose motor vehicles, becoming the 29th largest importer of Special purpose motor vehicles in the world. At the same year, Special purpose motor vehicles was the 212th most imported product in Philippines. Philippines imports Special purpose motor vehicles primarily from: China ($85M), South Korea ($21M), Japan ($18.5M), Thailand ($1.82M), and Sweden ($1.47M).

The fastest growing import markets in Special purpose motor vehicles for Philippines between 2021 and 2022 were China ($11.4M), Japan ($1.69M), and Sweden ($1.47M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Special purpose motor vehicles exports accounted up to $64k and imports accounted up to $2.46M, resulting in a negative trade balance of $2.39M. Between May 2023 and June 2024 the exports of Philippines'   Special purpose motor vehicles have decreased by $-79.9k (-55.5%) from $144k to $64k, while imports decreased by $-6.58M (-72.8%) from $9.04M to $2.46M.

Destinations In June 2024, Special purpose motor vehicles were exported mostly to Australia ($64k), and were imported mostly from Japan ($1.4M), Germany ($1.01M), United States ($37.7k), and South Korea ($11.7k).

Growth In June 2024, the decrease in Special purpose motor vehicles's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Special purpose motor vehicles's year-by-year imports was explained primarily by a decrease in imports from China ($-8.14M or -84.9%) and South Korea ($-1.61M or -86.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$-79.9k(-55.5%)
IMPORT GROWTH (June 2023 - June 2024)$-6.58M(-72.8%)
MAIN DESTINATION (June 2024)Australia$64k

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 (2022)$2.11M
IMPORTS (2022)$132M
NET TRADE (2022)-$130M

In 2022, Philippines exported $2.11M in Special purpose motor vehicles. The main destinations of Philippines exports on Special purpose motor vehicles were South Africa ($1.43M), Fiji ($339k), Australia ($276k), South Korea ($73k), and France ($17).

In 2022, Philippines imported $132M in Special purpose motor vehicles, mainly from China ($85M), South Korea ($21M), Japan ($18.5M), Thailand ($1.82M), and Sweden ($1.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special purpose motor vehicles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Africa$1.43M (1%)
Fiji$339k (1%)
Australia$236k (594%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special purpose motor vehicles BY Philippines WERE (2021 - 2022):
Kuwait-$409 (-100%)
China-$34 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Special purpose motor vehicles were:
Germany $3.89B
China $2.11B
United States $1.52B
In 2022, Philippines's main importing competitors in Special purpose motor vehicles were:
United States $1.05B
Canada $892M
France $627M

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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.

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