Insulated Wire in Philippines

EXPORTS (2018): $2.41B, World Rnk 14 / 207
Flag Rnk 6 / 1084

TOP DESTINATION (2018): $1.07B, Japan

FASTEST GROWING MARKET (2017 - 2018): $39.4M, Japan

IMPORTS (2018): $1.31B, World Rnk 26 / 220
Flag Rnk 12 / 1201

TOP ORIGIN (2018): $610M, China

FASTEST GROWING ORIGIN (2017 - 2018): $159M, China

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

Overview: This page contains the latest trade data of Insulated Wire in Philippines.

Exports: In 2018, Philippines exported $2.41B in Insulated Wire, making it the 14th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 6th most exported product in Philippines. The main destination of Insulated Wire exports from Philippines are: Japan ($1.07B), United States ($656M), Canada ($240M), Thailand ($122M), and South Korea ($72.9M).

The fastest growing export markets for Insulated Wire of Philippines between 2017 and 2018 were Japan ($39.4M), United States ($15.2M), and South Korea ($11.2M).

Imports: In 2018, Philippines imported $1.31B in Insulated Wire, becoming the 26th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 12th most imported product in Philippines. Philippines imports Insulated Wire primarily from: China ($610M), Japan ($151M), Hong Kong ($96M), Thailand ($90.4M), and South Korea ($85.6M).

The fastest growing import markets in Insulated Wire for Philippines between 2017 and 2018 were China ($159M), Thailand ($36.4M), and Singapore ($18.2M).

Tariffs: In 2018, the average tariff for Philippines in Insulated Wire was 8.88%. The countries with the highest import tariffs for Insulated Wire were Angola (9.36%), Burundi (9.36%), Benin (9.36%), Burkina Faso (9.36%), and Botswana (9.36%).

Overview: In July 2020 Philippines' Insulated Wire exports accounted up to $171M and imports accounted up to $60.5M, resulting in a positive trade balance of $110M. Between July 2019 and July 2020 the exports of Philippines'   Insulated Wire have decreased by $-46.8M (-21.5%) from $218M to $171M, while imports decreased by $-25.6M (-29.7%) from $86.2M to $60.5M.

Destinations: In July 2020 Insulated Wire exported mostly to Japan ($76.3M), United States ($41.7M), South Korea ($16.7M), Canada ($13.5M), and Thailand ($8.84M), and imported mostly from China ($31M), Japan ($7.17M), South Korea ($3.87M), Hong Kong ($3.77M), and Singapore ($2.74M).

Growth: In July 2020, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to Japan ($-21.1M or -21.7%), United States ($-20.3M or -32.7%), and Canada ($-8.47M or -38.5%). In July 2020, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-3.46M or -47.8%), Japan ($-3.24M or -31.2%), and South Korea ($-2.96M or -43.3%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-46.8M, (-21.5%)

IMPORT GROWTH (July 2019 - July 2020): $-25.6M, (-29.7%)

MAIN DESTINATION (July 2020): Japan, $76.3M

This section shows Insulated Wire'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 Insulated Wire over time.

Value

EXPORTS (2018): $2.41B

IMPORTS (2018): $1.31B

NET TRADE (2018): $1.1B

In 2018, Philippines exported $2.41B in Insulated Wire. The main destinations of Philippines exports on Insulated Wire were Japan ($1.07B), United States ($656M), Canada ($240M), Thailand ($122M), and South Korea ($72.9M).

In 2018, Philippines imported $1.31B in Insulated Wire, mainly from China ($610M), Japan ($151M), Hong Kong ($96M), Thailand ($90.4M), and South Korea ($85.6M).

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IN 2018, Philippines HAD A POSITIVE NET TRADE IN Insulated Wire WITH:

  • Japan, $918M ($1.07B - $151M)
  • United States, $618M ($656M - $37.9M)
  • Canada, $240M ($240M - $135k)

IN 2018, Philippines HAD A NEGATIVE NET TRADE IN Insulated Wire WITH:

  • China, -$569M ($41.6M - $610M)
  • Hong Kong, -$88.5M ($7.57M - $96M)
  • Singapore, -$45.8M ($13.1M - $59M)
Flow

THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Philippines WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire 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 Insulated Wire were:

In 2018, Philippines's main importing competitors in Insulated Wire were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Insulated Wire 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 Insulated Wire was 8.88%.

The countries with the highest tariffs for Insulated Wire in Philippines were Angola (9.36%), Burundi (9.36%), Benin (9.36%), Burkina Faso (9.36%), and Botswana (9.36%).

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