Other Heating Machinery in Philippines

EXPORTS (2018): $221M, World Rnk 30 / 184
Flag Rnk 55 / 1084

TOP DESTINATION (2018): $98.8M, United States

FASTEST GROWING MARKET (2017 - 2018): $10.2M, Canada

IMPORTS (2018): $227M, World Rnk 44 / 215
Flag Rnk 114 / 1201

TOP ORIGIN (2018): $43.6M, China

FASTEST GROWING ORIGIN (2017 - 2018): $9.17M, United States

ECONOMIC COMPLEXITY of Philippines (2018): 0.5, Rnk 46 / 137

Overview: This page contains the latest trade data of Other Heating Machinery in Philippines.

Exports: In 2018, Philippines exported $221M in Other Heating Machinery, making it the 30th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 55th most exported product in Philippines. The main destination of Other Heating Machinery exports from Philippines are: United States ($98.8M), Netherlands ($33.2M), France ($20.3M), United Kingdom ($12.4M), and Canada ($11.3M).

The fastest growing export markets for Other Heating Machinery of Philippines between 2017 and 2018 were Canada ($10.2M), United States ($7.9M), and France ($3.33M).

Imports: In 2018, Philippines imported $227M in Other Heating Machinery, becoming the 44th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 114th most imported product in Philippines. Philippines imports Other Heating Machinery primarily from: China ($43.6M), United States ($37.6M), Japan ($26.2M), South Korea ($20.4M), and Germany ($17.5M).

The fastest growing import markets in Other Heating Machinery for Philippines between 2017 and 2018 were United States ($9.17M), Japan ($7.59M), and South Korea ($5.9M).

Tariffs: In 2018, the average tariff for Philippines in Other Heating Machinery was 0.49%. The countries with the highest import tariffs for Other Heating Machinery were Angola (0.52%), Burundi (0.52%), Benin (0.52%), Burkina Faso (0.52%), and Botswana (0.52%).

Overview: In July 2020 Philippines' Other Heating Machinery exports accounted up to $15.9M and imports accounted up to $14.4M, resulting in a positive trade balance of $1.45M. Between July 2019 and July 2020 the exports of Philippines'   Other Heating Machinery have decreased by $-25.4M (-61.5%) from $41.2M to $15.9M, while imports decreased by $-779k (-5.13%) from $15.2M to $14.4M.

Destinations: In July 2020 Other Heating Machinery exported mostly to France ($7.09M), United States ($5.32M), Japan ($919k), Nigeria ($553k), and Hong Kong ($349k), and imported mostly from China ($3.43M), Malaysia ($3M), Japan ($2.92M), United States ($1.17M), and South Korea ($1.05M).

Growth: In July 2020, the decrease in Other Heating Machinery's year-by-year exports was explained primarily by a decrease in exports to France ($-17.7M or -71.4%), United States ($-2.65M or -33.3%), and Canada ($-782k or -92.3%). In July 2020, the decrease in Other Heating Machinery's year-by-year imports was explained primarily by a decrease in imports from United States ($-2.19M or -65.1%), Germany ($-787k or -88.3%), and China ($-614k or -15.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-25.4M, (-61.5%)

IMPORT GROWTH (July 2019 - July 2020): $-779k, (-5.13%)

MAIN DESTINATION (July 2020): France, $7.09M

This section shows Other Heating Machinery'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 Other Heating Machinery over time.

Value

EXPORTS (2018): $221M

IMPORTS (2018): $227M

NET TRADE (2018): -$6.35M

In 2018, Philippines exported $221M in Other Heating Machinery. The main destinations of Philippines exports on Other Heating Machinery were United States ($98.8M), Netherlands ($33.2M), France ($20.3M), United Kingdom ($12.4M), and Canada ($11.3M).

In 2018, Philippines imported $227M in Other Heating Machinery, mainly from China ($43.6M), United States ($37.6M), Japan ($26.2M), South Korea ($20.4M), and Germany ($17.5M).

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IN 2018, Philippines HAD A POSITIVE NET TRADE IN Other Heating Machinery WITH:

  • United States, $61.3M ($98.8M - $37.6M)
  • Netherlands, $27.3M ($33.2M - $5.85M)
  • France, $19.2M ($20.3M - $1.13M)

IN 2018, Philippines HAD A NEGATIVE NET TRADE IN Other Heating Machinery WITH:

  • China, -$36.4M ($7.19M - $43.6M)
  • Japan, -$21M ($5.25M - $26.2M)
  • South Korea, -$19.3M ($1.04M - $20.4M)
Flow

THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Philippines WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Philippines WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Philippines's main exporting competitors in Other Heating Machinery were:

In 2018, Philippines's main importing competitors in Other Heating Machinery were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Other Heating Machinery in Philippines. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Philippines in Other Heating Machinery was 0.49%.

The countries with the highest tariffs for Other Heating Machinery in Philippines were Angola (0.52%), Burundi (0.52%), Benin (0.52%), Burkina Faso (0.52%), and Botswana (0.52%).

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