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