Aircraft Parts Export of the Philippines: A Comprehensive Trade Analysis of 2024

Aircraft parts are a key component of global trade because of their economic importance. The modern aircraft is a combined effort of different countries. Definite parts like engines, avionics, and fuselage panels are manufactured in various nations and then assembled at a particular location. Philippines Import Data says that the constant demand for maintenance, repair, and overhaul, accompanied by the high value in commodity trade, has made this a key player in the worldwide trade market. The Philippines, based in Southeast Asia, sharing borders with Taiwan and Vietnam in the north and west direction, has emerged as a role player in the aircraft exports market via its thriving production capacity.

The Board of Investments’ focus on the manufacturing and investment priority plan, accompanied by the establishment of the Aerospace Industry Association of the Philippines, has resulted in an export trade value of aircraft parts worth 750 million US dollars in 2024. The expansion of FPIP-supporting industrial and R&D zones, along with the strategic positioning within Asian authorities, is considered pivotal for a hike in the revenue rate. Subscribe to Import Globals, an import export trade provider, to stay updated with the latest information regarding the aircraft parts export of the Philippines via the Philippines Trade Data.

POLICY REFORMS SUPPORTING THE EXPORT OF AIRCRAFT PARTS FROM THE PHILIPPINES IN 2024

The Manufacturing and Investment Priority Plan has lowered the production cost with an active attraction of the major global aerospace manufacturers. The Aerospace Industry Association of the Philippines’ strengthening program has improved compliance with the international aviation standards. It has enhanced the credibility of the Philippine media on aircraft parts.

The development of spatial economic zones has provided state-of-the-art facilities. While directly increasing the export volumes of aircraft components, the Skills Training and Technical Education program has expanded the training for aerospace engineers. It has boosted the competitiveness of the country’s export capacity with a proper engagement of the skilled workforce.

THE LEADING VARIANTS OF AIRCRAFT PARTS EXPORTED FROM THE PHILIPPINES

The Philippines with its thriving manufacturing units, has maintained compatibility via diversification of the export portfolio. According to the Philippines Export Data, the top 10 leading variants of aircraft parts exported from the nation in 2024 are,

  • Turbine blades — The annual valuation of Turbine blades exported from the Philippines in 2024–176 million US dollars
  • Aircraft wiring harnesses- The annual valuation of Aircraft wiring harnesses exported from the Philippines in 2024–154 million US dollars
  • Avionics display panels- The annual valuation of Avionics display panels exported from the Philippines in 2024–142 million US dollars
  • Fuselage skin panels- The annual valuation of Fuselage skin panels exported from the Philippines in 2024–127 million US dollars
  • Landing gear assemblies- The annual valuation of Landing gear assemblies exported from the Philippines in 2024–120 million US dollars
  • Cabin interior seating systems- The annual valuation of Cabin interior seating systems exported from the Philippines in 2024–89 million US dollars
  • Wing spars- The annual valuation of Wing spars exported from the Philippines in 2024–76 million US dollars
  • Hydraulic actuators- The annual valuation of Hydraulic actuators exported from the Philippines in 2024–65 million US dollars
  • Fuel system pumps- The annual valuation of Fuel system pumps exported from the Philippines in 2024–58 million US dollars
  • Propeller blades- The annual valuation of Propeller blades exported from the Philippines in 2024–45 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF THE PHILIPPINES IN 2024

The country, with its strategic positioning among the topmost importers and the tariff rates imposed over several trades, has built a stronger bilateral relationship with the topmost traders. As per the Philippines Customs Data, the top 10 export trade partners of the nation for aircraft parts in 2024 are,

  • United States — The total valuation of aircraft parts exported from the Philippines to the United States in 2024–187 million US dollars

Top 5 variants of aircraft parts exported

· Fuselage

· Wing

· Winglet

· Wing spar

· Wing rib

  • Japan- The total valuation of aircraft parts exported from the Philippines to Japan in 2024–165 million US dollars

Top 5 variants of aircraft parts exported

· Aileron

· Flap

· Slat

· Spoiler

· Leading-edge panel

  • China- The total valuation of aircraft parts exported from the 157 Philippines to China in 2024 — million US dollars

Top 5 variants of aircraft parts exported

· Trailing edge panel

· Stringer

· Bulkhead

· Empennage

· Vertical stabilizer

  • Hong Kong- The total valuation of aircraft parts exported from the Philippines to Hong Kong in 2024–142 million US dollars

Top 5 variants of aircraft parts exported

· Horizontal stabilizer

· Rudder

· Elevator

· Trim tab

· Nose cone

  • Singapore- The total valuation of aircraft parts exported from the Philippines to Singapore in 2024–108 million US dollars

Top 5 variants of aircraft parts exported

· Nose cone

· Landing gear strut

· Landing gear wheel

· Landing gear door

· Brake assembly

  • Germany- The total valuation of aircraft parts exported from the Philippines to Germany in 2024–87 million US dollars

Top 5 variants of aircraft parts exported

· Canopy

· Cargo door

· Passenger door

· Emergency exit door

· Door seal

  • Thailand- The total valuation of aircraft parts exported from the Philippines to Thailand in 2024–78 million US dollars

Top 5 variants of aircraft parts exported

· Ceiling panel

· Sidewall panel

· Cabin lighting system

· Reading light

· Cockpit display panel

  • Netherlands- The total valuation of aircraft parts exported from the Philippines to the Netherlands in 2024–69 million US dollars

Top 5 variants of aircraft parts exported

· Transponder

· Wiring harness

· Circuit breaker panel

· Switch panel

· Battery

  • South Korea- The total valuation of aircraft parts exported from the Philippines to South Korea in 2024–56 million US dollars

Top 5 variants of aircraft parts exported

· Autopilot system

· Air data computer

· Pitot tube

· Static port

· Angle-of-attack sensor

  • Malaysia — The total valuation of aircraft parts exported from the Philippines to Malaysia in 2024–48 million US dollars

Top 5 variants of aircraft parts exported

· Transponder

· Wiring harness

· Circuit breaker panel

· Switch panel

  • Battery

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