Premier Philippine Automotive Goods Export

The growing population across the globe and the increasing export industries has been demanding a wide range of automotive goods for the smooth transport of different export necessities to destination estates and to ease the process of transportation from one place to another. Due to the increasing global necessities from the automotive goods manufacturing sectors of the Philippines in 2023, the country has been exporting a wide of its amount to fulfill the domestic and international needs worth a value of 8 billion US dollars in 2023. The ongoing developments and the continuous investment from the BOI of the nation is on its way to achieve tremendous growth in the export rate of upcoming years.

The automotive industry of the Philippines has always been a significant contributor to the total annual economic growth of the nation with a revenue share of 4.7%. Import Globals, Philippines Trade Data highlights the key insights of the country's automotive products export to different trade destinations worldwide to help the automotive goods exporters across the globe expand their business in a tremendous manner.

TOP 10 AUTOMOTIVE GOODS EXPORT OF PHILIPPINES IN 2023

According to the Philippines Export Data, the top 10 automotive goods exported by the Philippines in 2023 are 

1. Vehicles - Valuation of Vehicles exports from the Philippines in 2023 - 6.79 billion US dollars
2. Automotive parts and components - Valuation of Automotive parts and components exports from the Philippines in 2023 - 6.12 billion US dollars
3. Tires- Valuation of Tires exports from the Philippines in 2023 - 5.89 billion US dollars
4. Motorcycles- Valuation of Motorcycles exports from the Philippines in 2023 - 5 billion US dollars
5. Metal stamping parts- Valuation of Metal stamping parts exports from the Philippines in 2023 - 4.79 billion US dollars
6. Electrical wiring harnesses- Valuation of Electrical wiring harnesses exports from the Philippines in 2023 - 4.18 billion US dollars.
7. Automotive batteries- Valuation of Automotive batteries exports from the Philippines in 2023 - 3.84 billion US dollars
8. Aluminum alloy wheels- Valuation of Aluminum alloy wheels exports from the Philippines in 2023 - 2.79 billion US dollars
9. Automotive paints - Valuation of Automotive paints exports from the Philippines in 2023 - 2.15 billion US dollars
10. Seat covers - Valuation of Seat covers exports from the Philippines in 2023 - 1.5 billion US dollars.

  TOP 10 AUTOMOTIVE GOODS MANUFACTURING COMPANIES OF THE PHILIPPINES IN 2023  The Philippines Customs Data highlights the below-mentioned as the top manufacturers of automotive goods in 2023, 

1. Toyota Motors - The export value of automotive goods exported from Toyota Motors of Philippines in 2023 - 7.18 billion US dollars
2. Mitsubishi Motors- Export value of automotive goods exported from Mitsubishi Motors of Philippines in 2023 - 6.54 billion US dollars
3. Honda Cars - The export value of automotive goods exported from Honda Cars of Philippines in 2023 - 6.38 billion US dollars
4. Hino Motors- The export value of automotive goods exported from Hino Motors of Philippines in 2023 - 5.56 billion US dollars
5. Ford Motors Company - Export value of automotive goods exported from Ford Motors Company of Philippines in 2023 - 5.27 billion US dollars
6. Isuzu Philippines Company - Export value of automotive goods exported from Isuzu Philippines Company of Philippines in 2023 - 4.78 billion US dollars
7. Suzuki Incorporation - Export value of automotive goods exported from Suzuki Incorporation of Philippines in 2023 - 3.82 billion US dollars
8. Hyundai Asia - The export value of automotive goods exported from Hyundai Asia of Philippines in 2023 - 3.17 billion US dollars
9. Nissan Motors- The export value of automotive goods exported from Nissan Motors of Philippines in 2023 - 2.47 billion US dollars
10. Columbian Motors - The export value of automotive goods exported from Columbian Motors of Philippines in 2023 - 1.84 billion US dollars

 TOP 10 EXPORT TRADE PARTNERS OF THE PHILIPPINES FOR AUTOMOTIVE GOODS EXPORT IN 2023

The Philippines Import Data enlists the below-mentioned as the top export trade partners of the nation for automotive goods export in 2023, 

1. United States - Total export value of automotive goods exported from the Philippines to the United States in 2023 - 6.12 billion US dollars
2. Japan - Total export value of automotive goods exported from the Philippines to Japan in 2023 - 5.47 billion US dollars
3. China - Total export value of automotive goods exported from the Philippines to China in 2023 - 4.79 billion US dollars
4. Thailand - Total export value of automotive goods exported from the Philippines to Thailand in 2023 - 3.82 billion US dollars
5. Singapore - Total export value of automotive goods exported from the Philippines to Singapore in 2023 - 3.5 billion US dollars
6. Malaysia - Total export value of automotive goods exported from the Philippines to Malaysia in 2023 - 2.88 billion US dollars
7. Australia - Total export value of automotive goods exported from the Philippines to Australia in 2023 - 2.28 billion US dollars
8. United Arab Emirates - Total export value of automotive goods exported from the Philippines to the United Arab Emirates in 2023 - 1.79 billion US dollars
9. South Korea - Total export value of automotive goods exported from the Philippines to South Korea in 2023 - 1.15 billion US dollars
10. Germany - Total export value of automotive goods exported from the Philippines to Germany in 2023 - 1 billion US dollars

  EXPORT TRADE STATISTICS OF PHILIPPINES AUTOMOTIVE GOODS FOR THE LAST 10 YEARS 

• Export value of automotive goods from the Philippines in 2013 - 2.8 billion US dollars
• Export value of automotive goods from the Philippines in 2014 - 4.18 billion US dollars
• Export value of automotive goods from the Philippines in 2015 - 3.27 billion US dollars
• Export value of automotive goods from the Philippines in 2016 - 3.64 billion US dollars
• Export value of automotive goods from the Philippines in 2017 - 4.25 billion US dollars
• Export value of automotive goods from the Philippines in 2018 - 5.19 billion US dollars
• Export value of automotive goods from the Philippines in 2019 - 5.28 billion US dollars
• Export value of automotive goods from the Philippines in 2020 - 4.89 billion US dollars
• Export value of automotive goods from the Philippines in 2021 - 6.24 billion US dollars
• Export value of automotive goods from the Philippines in 2022 - 6.89 billion US dollars