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2022
Exports $9.31MWorld Rnk 49 / 170
Flag Rnk 345 / 1127
2022
Destination $843k China
2021 - 2022
FASTEST GROWING MARKET $843kChina
2022
PRODUCT COMPLEXITY IN Utility Meters0.046Rnk 536 / 1025
2022
Imports $63.9MWorld Rnk 35 / 219
Flag Rnk 347 / 1201
2022
Origin $6.16M China
2021 - 2022
FASTEST GROWING ORIGIN $6.16MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $9.31M in Utility Meters, making it the 49th largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 345th most exported product in Philippines. The main destination of Utility Meters exports from Philippines are: China ($4.13M), Israel ($2.59M), Poland ($1.09M), Hong Kong ($474k), and United States ($376k).

The fastest growing export markets for Utility Meters of Philippines between 2021 and 2022 were China ($843k), Hong Kong ($474k), and United States ($221k).

Imports In 2022, Philippines imported $63.9M in Utility Meters, becoming the 35th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 347th most imported product in Philippines. Philippines imports Utility Meters primarily from: China ($45.7M), Vietnam ($4.36M), United States ($3.79M), Malaysia ($3.48M), and Singapore ($1.59M).

The fastest growing import markets in Utility Meters for Philippines between 2021 and 2022 were China ($6.16M), Malaysia ($3.21M), and Vietnam ($2.38M).

COMPANIES In 2023, leading companies such as Conair (1) were at the forefront of shipping Utility Meters from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Utility Meters exports accounted up to $15.7k and imports accounted up to $1.77M, resulting in a negative trade balance of $1.76M. Between June 2023 and June 2024 the exports of Philippines'   Utility Meters have increased by $303 (1.97%) from $15.4k to $15.7k, while imports decreased by $-1.8M (-50.5%) from $3.58M to $1.77M.

Destinations In June 2024, Utility Meters were exported mostly to United States ($15.6k) and United Arab Emirates ($100), and were imported mostly from South Korea ($707k), Vietnam ($457k), United States ($386k), India ($55k), and Israel ($40.7k).

Growth In June 2024, the increase in Utility Meters's year-by-year exports was explained primarily by an increase in exports to Japan ($20.2k or 86%). In June 2024, the decrease in Utility Meters's year-by-year imports was explained primarily by a decrease in imports from United States ($-135k or -71.1%), Thailand ($-131k or -99.7%), and United Kingdom ($-55.3k or -99.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$303(1.97%)
IMPORT GROWTH (June 2023 - June 2024)$-1.8M(-50.5%)
MAIN DESTINATION (June 2024)United States$15.6k

This section shows Utility Meters'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 Utility Meters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.31M
IMPORTS (2022)$63.9M
NET TRADE (2022)-$54.6M

In 2022, Philippines exported $9.31M in Utility Meters. The main destinations of Philippines exports on Utility Meters were China ($4.13M), Israel ($2.59M), Poland ($1.09M), Hong Kong ($474k), and United States ($376k).

In 2022, Philippines imported $63.9M in Utility Meters, mainly from China ($45.7M), Vietnam ($4.36M), United States ($3.79M), Malaysia ($3.48M), and Singapore ($1.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$843k (25.7%)
Hong Kong$474k (1%)
United States$221k (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY Philippines WERE (2021 - 2022):
Israel-$1.05M (-28.9%)
India-$139k (-33.9%)
Indonesia-$52.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Utility Meters were:
China $2.4B
Mexico $1.11B
United States $506M
In 2022, Philippines's main importing competitors in Utility Meters were:
United States $1.49B
France $505M
Mexico $431M

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.07M
TOP IMPORT POTENTIALChina+ $4.38M

Utility Meters’s highest export potential is China. With an export gap of $1.07M.   Utility Meters’s highest import potential is China with an import gap of $4.38M.

See methodology.

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