Low-voltage Protection Equipment in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $1.09B in Low-voltage Protection Equipment, making it the 23rd largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 15th most exported product in Philippines. The main destination of Low-voltage Protection Equipment exports from Philippines are: United States ($195M), China ($183M), Japan ($145M), South Korea ($89.8M), and Hong Kong ($84.8M).

The fastest growing export markets for Low-voltage Protection Equipment of Philippines between 2021 and 2022 were South Korea ($15.6M), United States ($11.7M), and Thailand ($8.08M).

Imports In 2022, Philippines imported $882M in Low-voltage Protection Equipment, becoming the 32nd largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 32nd most imported product in Philippines. Philippines imports Low-voltage Protection Equipment primarily from: China ($206M), Japan ($196M), Singapore ($100M), Hong Kong ($73.9M), and United States ($65.6M).

The fastest growing import markets in Low-voltage Protection Equipment for Philippines between 2021 and 2022 were South Korea ($20.7M), Singapore ($12.1M), and Mexico ($11.5M).

Latest Trends

December 2022

About

Overview In December 2022 Philippines' Low-voltage Protection Equipment exports accounted up to $51.6M and imports accounted up to $62.8M, resulting in a negative trade balance of $11.2M. Between December 2021 and December 2022 the exports of Philippines' Low-voltage Protection Equipment have decreased by $-5.31M (-9.34%) from $56.9M to $51.6M, while imports decreased by $-11.2M (-15.2%) from $74M to $62.8M.

Destinations In December 2022, Low-voltage Protection Equipment were exported mostly to United States ($16.6M), Japan ($13.6M), China ($5.08M), Hong Kong ($3.55M), and Germany ($3.42M), and were imported mostly from China ($14.4M), Japan ($13.4M), Singapore ($8.26M), South Korea ($5.59M), and Hong Kong ($3.48M).

Growth In December 2022, the decrease in Low-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to United States ($-7.21M or -33.7%), Hong Kong ($-2.45M or -39.6%), and Germany ($-1.5M or -38.7%). In December 2022, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-1.82M or -27.7%), Czechia ($-1.58M or -97.8%), and Japan ($-1.52M or -8.88%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2021 - December 2022)$-5.31M(-9.34%)

IMPORT GROWTH (December 2021 - December 2022)$-11.2M(-15.2%)

MAIN DESTINATION (December 2022)United States$16.6M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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