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2022
Exports $180MWorld Rnk 27 / 137
Flag Rnk 65 / 1127
2022
Destination $19.6M Japan
2021 - 2022
FASTEST GROWING MARKET $19.6MTurkey
2022
PRODUCT COMPLEXITY IN Passenger and Cargo Ships-0.47Rnk 691 / 1025
2022
Imports $312MWorld Rnk 35 / 185
Flag Rnk 113 / 1201
2022
Origin $83.1M China
2021 - 2022
FASTEST GROWING ORIGIN $83.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $180M in Passenger and Cargo Ships, making it the 27th largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 65th most exported product in Philippines. The main destination of Passenger and Cargo Ships exports from Philippines are: Japan ($107M), Turkey ($24.4M), Indonesia ($18.8M), Spain ($13.4M), and China ($9.97M).

The fastest growing export markets for Passenger and Cargo Ships of Philippines between 2021 and 2022 were Turkey ($19.6M), Indonesia ($18.8M), and China ($9.97M).

Imports In 2022, Philippines imported $312M in Passenger and Cargo Ships, becoming the 35th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 113th most imported product in Philippines. Philippines imports Passenger and Cargo Ships primarily from: China ($128M), Japan ($51.3M), Indonesia ($34.1M), Singapore ($30.1M), and Hong Kong ($22.9M).

The fastest growing import markets in Passenger and Cargo Ships for Philippines between 2021 and 2022 were China ($83.1M), Indonesia ($29.4M), and Hong Kong ($22.9M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Passenger and Cargo Ships exports accounted up to $63.6M and imports accounted up to $13.2M, resulting in a positive trade balance of $50.4M. Between August 2023 and August 2024 the exports of Philippines'   Passenger and Cargo Ships have increased by $37.2M (141%) from $26.4M to $63.6M, while imports decreased by $-8.95M (-40.4%) from $22.2M to $13.2M.

Destinations In August 2024, Passenger and Cargo Ships were exported mostly to Japan ($63.1M) and Malaysia ($500k), and were imported mostly from South Korea ($9.54M) and China ($3.67M).

Growth In August 2024, the increase in Passenger and Cargo Ships's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Passenger and Cargo Ships's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$37.2M(141%)
IMPORT GROWTH (August 2023 - August 2024)$-8.95M(-40.4%)
MAIN DESTINATION (August 2024)Japan$63.1M

This section shows Passenger and Cargo Ships'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 Passenger and Cargo Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$180M
IMPORTS (2022)$312M
NET TRADE (2022)-$132M

In 2022, Philippines exported $180M in Passenger and Cargo Ships. The main destinations of Philippines exports on Passenger and Cargo Ships were Japan ($107M), Turkey ($24.4M), Indonesia ($18.8M), Spain ($13.4M), and China ($9.97M).

In 2022, Philippines imported $312M in Passenger and Cargo Ships, mainly from China ($128M), Japan ($51.3M), Indonesia ($34.1M), Singapore ($30.1M), and Hong Kong ($22.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Turkey$19.6M (410%)
Indonesia$18.8M (1%)
China$9.97M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Philippines WERE (2021 - 2022):
Japan-$365M (-77.4%)
Spain-$109M (-89%)
Denmark-$65M (-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 Passenger and Cargo Ships were:
China $17.6B
South Korea $16.1B
Japan $9.4B
In 2022, Philippines's main importing competitors in Passenger and Cargo Ships were:
Liberia $11.2B
United States $7.14B
Marshall Islands $6.8B

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Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.6M
TOP IMPORT POTENTIALChina+ $18.9M

Passenger and Cargo Ships’s highest export potential is China. With an export gap of $5.6M.   Passenger and Cargo Ships’s highest import potential is China with an import gap of $18.9M.

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