Integrated Circuits in Philippines

EXPORTS (2018): $30.7B, World Rnk 8 / 206
Flag Rnk 1 / 1084

TOP DESTINATION (2018): $8.29B, Hong Kong

FASTEST GROWING MARKET (2017 - 2018): $3.6B, Singapore

IMPORTS (2018): $20.1B, World Rnk 9 / 215
Flag Rnk 1 / 1201

TOP ORIGIN (2018): $5.56B, South Korea

FASTEST GROWING ORIGIN (2017 - 2018): $3.05B, South Korea

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

PRODUCT COMPLEXITY  IN Integrated Circuits (2018): 1.4, Rnk 66 / 1018

Overview: This page contains the latest trade data of Integrated Circuits in Philippines.

Exports: In 2018, Philippines exported $30.7B in Integrated Circuits, making it the 8th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in Philippines. The main destination of Integrated Circuits exports from Philippines are: Hong Kong ($8.29B), Singapore ($5.6B), China ($3.63B), United States ($2.17B), and Chinese Taipei ($1.84B).

The fastest growing export markets for Integrated Circuits of Philippines between 2017 and 2018 were Singapore ($3.6B), Chinese Taipei ($771M), and Thailand ($317M).

Imports: In 2018, Philippines imported $20.1B in Integrated Circuits, becoming the 9th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most imported product in Philippines. Philippines imports Integrated Circuits primarily from: South Korea ($5.56B), Chinese Taipei ($4.55B), United States ($2.8B), China ($1.56B), and Japan ($1.52B).

The fastest growing import markets in Integrated Circuits for Philippines between 2017 and 2018 were South Korea ($3.05B), Chinese Taipei ($1.66B), and Singapore ($845M).

Overview: In July 2020 Philippines' Integrated Circuits exports accounted up to $1.3B and imports accounted up to $643M, resulting in a positive trade balance of $654M. Between July 2019 and July 2020 the exports of Philippines'   Integrated Circuits have decreased by $-153M (-10.6%) from $1.45B to $1.3B, while imports increased by $61.3M (10.5%) from $582M to $643M.

Destinations: In July 2020 Integrated Circuits exported mostly to Hong Kong ($486M), China ($146M), Singapore ($128M), Japan ($79.4M), and Chinese Taipei ($78.1M), and imported mostly from Chinese Taipei ($206M), United States ($108M), Japan ($76.5M), South Korea ($63.4M), and Singapore ($61.5M).

Growth: In July 2020, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-73.2M or -36.4%), Netherlands ($-32.1M or -36.1%), and Germany ($-23.8M or -33%). In July 2020, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($43.8M or 27.1%), United States ($28.3M or 35.7%), and South Korea ($11.4M or 21.9%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-153M, (-10.6%)

IMPORT GROWTH (July 2019 - July 2020): $61.3M, (10.5%)

MAIN DESTINATION (July 2020): Hong Kong, $486M

This section shows Integrated Circuits'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 Integrated Circuits over time.

Value

EXPORTS (2018): $30.7B

IMPORTS (2018): $20.1B

NET TRADE (2018): $10.6B

In 2018, Philippines exported $30.7B in Integrated Circuits. The main destinations of Philippines exports on Integrated Circuits were Hong Kong ($8.29B), Singapore ($5.6B), China ($3.63B), United States ($2.17B), and Chinese Taipei ($1.84B).

In 2018, Philippines imported $20.1B in Integrated Circuits, mainly from South Korea ($5.56B), Chinese Taipei ($4.55B), United States ($2.8B), China ($1.56B), and Japan ($1.52B).

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IN 2018, Philippines HAD A POSITIVE NET TRADE IN Integrated Circuits WITH:

  • Hong Kong, $8B ($8.29B - $296M)
  • Singapore, $4.16B ($5.6B - $1.45B)
  • China, $2.07B ($3.63B - $1.56B)

IN 2018, Philippines HAD A NEGATIVE NET TRADE IN Integrated Circuits WITH:

  • South Korea, -$4.69B ($876M - $5.56B)
  • Chinese Taipei, -$2.7B ($1.84B - $4.55B)
  • United States, -$622M ($2.17B - $2.8B)
Flow

THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Philippines WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Philippines WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, Philippines's main exporting competitors in Integrated Circuits were:

In 2018, Philippines's main importing competitors in Integrated Circuits were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Integrated Circuits 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 tariffs for Integrated Circuits in the imports of Philippines were of 0% around the world.

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