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2022
Exports $97MWorld Rnk 36 / 198
Flag Rnk 120 / 1127
2022
Destination $7.83M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $7.83MChinese Taipei
2022
PRODUCT COMPLEXITY IN Air Conditioners0.55Rnk 346 / 1025
2022
Imports $542MWorld Rnk 33 / 224
Flag Rnk 69 / 1201
2022
Origin $46.6M China
2021 - 2022
FASTEST GROWING ORIGIN $46.6MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $97M in Air Conditioners, making it the 36th largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 120th most exported product in Philippines. The main destination of Air Conditioners exports from Philippines are: Hong Kong ($42.9M), Chinese Taipei ($11.5M), China ($11M), United States ($9.64M), and Japan ($6.49M).

The fastest growing export markets for Air Conditioners of Philippines between 2021 and 2022 were Chinese Taipei ($7.83M), China ($4.73M), and Hong Kong ($4M).

Imports In 2022, Philippines imported $542M in Air Conditioners, becoming the 33rd largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 69th most imported product in Philippines. Philippines imports Air Conditioners primarily from: China ($233M), Thailand ($160M), Malaysia ($77.9M), South Korea ($14.2M), and Japan ($13.3M).

The fastest growing import markets in Air Conditioners for Philippines between 2021 and 2022 were Malaysia ($46.6M), China ($44.2M), and Thailand ($18.8M).

COMPANIES In 2023, leading companies such as Panasonic (9) were at the forefront of shipping Air Conditioners from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Air Conditioners exports accounted up to $6.93M and imports accounted up to $56.1M, resulting in a negative trade balance of $49.1M. Between October 2023 and October 2024 the exports of Philippines'   Air Conditioners have increased by $2.71M (64.2%) from $4.22M to $6.93M, while imports increased by $10M (21.7%) from $46.1M to $56.1M.

Destinations In October 2024, Air Conditioners were exported mostly to Hong Kong ($2.34M), Chinese Taipei ($1.91M), Japan ($813k), China ($728k), and United States ($512k), and were imported mostly from China ($16.8M), Thailand ($12.9M), Malaysia ($12.5M), South Korea ($10.2M), and United States ($1.23M).

Growth In October 2024, the increase in Air Conditioners's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($1.1M or 48.1%), United Kingdom ($189k or 51.8%), and France ($16.1k or 267%). In October 2024, the increase in Air Conditioners's year-by-year imports was explained primarily by an increase in imports from Malaysia ($5.35M or 139%), China ($4.64M or 38.2%), and Japan ($335k or 56.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.71M(64.2%)
IMPORT GROWTH (October 2023 - October 2024)$10M(21.7%)
MAIN DESTINATION (October 2024)Hong Kong$2.34M

This section shows Air Conditioners'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 Air Conditioners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$97M
IMPORTS (2022)$542M
NET TRADE (2022)-$445M

In 2022, Philippines exported $97M in Air Conditioners. The main destinations of Philippines exports on Air Conditioners were Hong Kong ($42.9M), Chinese Taipei ($11.5M), China ($11M), United States ($9.64M), and Japan ($6.49M).

In 2022, Philippines imported $542M in Air Conditioners, mainly from China ($233M), Thailand ($160M), Malaysia ($77.9M), South Korea ($14.2M), and Japan ($13.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$7.83M (212%)
China$4.73M (74.9%)
Hong Kong$4M (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY Philippines WERE (2021 - 2022):
Japan-$2.38M (-26.8%)
Thailand-$572k (-35%)
Malaysia-$429k (-37.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Air Conditioners were:
China $23.1B
Thailand $7.26B
Mexico $6.1B
In 2022, Philippines's main importing competitors in Air Conditioners were:
United States $13.1B
Germany $2.75B
Japan $2.71B

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Trade Value of Air Conditioners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.7M
TOP IMPORT POTENTIALChina+ $71.1M

Air Conditioners’s highest export potential is United States. With an export gap of $12.7M.   Air Conditioners’s highest import potential is China with an import gap of $71.1M.

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