Bicycles, delivery tricycles, other cycles in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $22.6M in Bicycles, delivery tricycles, other cycles, making it the 32nd largest exporter of Bicycles, delivery tricycles, other cycles in the world. At the same year, Bicycles, delivery tricycles, other cycles was the 245th most exported product in Philippines. The main destination of Bicycles, delivery tricycles, other cycles exports from Philippines are: Netherlands ($5.17M), United Kingdom ($4.24M), United States ($3.9M), Ireland ($2.53M), and Germany ($1.91M).

The fastest growing export markets for Bicycles, delivery tricycles, other cycles of Philippines between 2021 and 2022 were China ($325k), Vietnam ($202k), and Bangladesh ($107k).

Imports In 2018, Philippines imported $184M in Bicycles, delivery tricycles, other cycles, becoming the 17th largest importer of Bicycles, delivery tricycles, other cycles in the world. At the same year, Bicycles, delivery tricycles, other cycles was the 166th most imported product in Philippines. Philippines imports Bicycles, delivery tricycles, other cycles primarily from: China ($175M), Chinese Taipei ($3.4M), Japan ($1.51M), Italy ($903k), and Malaysia ($778k).

The fastest growing import markets in Bicycles, delivery tricycles, other cycles for Philippines between 2021 and 2022 were Italy ($397k), Vietnam ($320k), and Hong Kong ($173k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Bicycles, delivery tricycles, other cycles exports accounted up to $44.5k and imports accounted up to $149k, resulting in a negative trade balance of $104k. Between June 2023 and June 2024 the exports of Philippines' Bicycles, delivery tricycles, other cycles have decreased by $-177k (-79.9%) from $221k to $44.5k, while imports decreased by $-1.3M (-89.7%) from $1.45M to $149k.

Destinations In June 2024, Bicycles, delivery tricycles, other cycles were exported mostly to United Kingdom ($44.5k), and were imported mostly from Chinese Taipei ($54.7k), Japan ($52.7k), United Kingdom ($22.3k), South Korea ($10.9k), and Portugal ($4.16k).

Growth In June 2024, the decrease in Bicycles, delivery tricycles, other cycles's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-380k or -58.7%). In June 2024, the decrease in Bicycles, delivery tricycles, other cycles's year-by-year imports was explained primarily by a decrease in imports from China ($-4.26M or -88.3%), Japan ($-54.4k or -40.6%), and Chinese Taipei ($-22.8k or -22.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-177k(-79.9%)

IMPORT GROWTH (June 2023 - June 2024)$-1.3M(-89.7%)

MAIN DESTINATION (June 2024)United Kingdom$44.5k

This section shows Bicycles, delivery tricycles, other cycles'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 Bicycles, delivery tricycles, other cycles over time.

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