2022
Exports
$7.56MWorld Rnk 29 / 84
Flag Rnk 373 / 1127
2022
PRODUCT COMPLEXITY IN Tug Boats
-0.93Rnk 819 / 1025
2022
Imports
$27.2MWorld Rnk 21 / 141
Flag Rnk 518 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.56M in Tug Boats, making it the 29th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 373rd most exported product in Philippines. The main destination of Tug Boats exports from Philippines are: India ($4.26M) and Singapore ($3.3M).

The fastest growing export markets for Tug Boats of Philippines between N/A and 2022 were India ($4.26M) and Singapore ($3.3M).

Imports In 2022, Philippines imported $27.2M in Tug Boats, becoming the 21st largest importer of Tug Boats in the world. At the same year, Tug Boats was the 518th most imported product in Philippines. Philippines imports Tug Boats primarily from: China ($14.7M), Singapore ($4.19M), Japan ($3.19M), Malaysia ($1.73M), and South Korea ($1.09M).

The fastest growing import markets in Tug Boats for Philippines between 2021 and 2022 were China ($13.8M), Singapore ($3.04M), and Belgium ($879k).

COMPANIES In 2023, leading companies such as Cinmar (3) were at the forefront of shipping Tug Boats from Philippines to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Tug Boats. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.56M
IMPORTS (2022)$27.2M
NET TRADE (2022)-$19.6M

In 2022, Philippines exported $7.56M in Tug Boats. The main destinations of Philippines exports on Tug Boats were India ($4.26M) and Singapore ($3.3M).

In 2022, Philippines imported $27.2M in Tug Boats, mainly from China ($14.7M), Singapore ($4.19M), Japan ($3.19M), Malaysia ($1.73M), and South Korea ($1.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Philippines WERE (N/A - 2022):
India$4.26M (1%)
Singapore$3.3M (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Tug Boats were:
In 2022, Philippines's main importing competitors in Tug Boats were:

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $861k
TOP IMPORT POTENTIALSouth Korea+ $477k

Tug Boats’s highest export potential is India. With an export gap of $861k.   Tug Boats’s highest import potential is South Korea with an import gap of $477k.

See methodology.

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