Audio and Video Recording Accessories in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $22.9M in Audio and Video Recording Accessories, making it the 14th largest exporter of Audio and Video Recording Accessories in the world. At the same year, Audio and Video Recording Accessories was the 243rd most exported product in Philippines. The main destination of Audio and Video Recording Accessories exports from Philippines are: Japan ($13.2M), Thailand ($4.04M), Netherlands ($3.61M), China ($777k), and Hong Kong ($506k).

The fastest growing export markets for Audio and Video Recording Accessories of Philippines between 2021 and 2022 were Netherlands ($2.98M), Thailand ($885k), and Germany ($416k).

Imports In 2022, Philippines imported $32.6M in Audio and Video Recording Accessories, becoming the 12th largest importer of Audio and Video Recording Accessories in the world. At the same year, Audio and Video Recording Accessories was the 477th most imported product in Philippines. Philippines imports Audio and Video Recording Accessories primarily from: China ($27.1M), Japan ($1.78M), Singapore ($1.06M), Vietnam ($628k), and Hong Kong ($511k).

The fastest growing import markets in Audio and Video Recording Accessories for Philippines between 2021 and 2022 were Malaysia ($294k), Vietnam ($270k), and China ($244k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Audio and Video Recording Accessories from Philippines to the United States.

Latest Trends

August 2021

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Overview In August 2021 Philippines' Audio and Video Recording Accessories exports accounted up to $2.63M and imports accounted up to $957k, resulting in a positive trade balance of $1.67M. Between August 2020 and August 2021 the exports of Philippines' Audio and Video Recording Accessories have decreased by $-480k (-15.5%) from $3.11M to $2.63M, while imports increased by $55.6k (6.17%) from $901k to $957k.

Destinations In August 2021, Audio and Video Recording Accessories were exported mostly to Japan ($1.49M), Thailand ($579k), Netherlands ($505k), France ($37.7k), and South Korea ($14.2k), and were imported mostly from Hong Kong ($640k), China ($251k), Mexico ($25.1k), South Korea ($14k), and Japan ($7.33k).

Growth In August 2021, the decrease in Audio and Video Recording Accessories's year-by-year exports was explained primarily by a decrease in exports to France ($-1.35M or -58.7%), Thailand ($-1.02M or -66.5%), and India ($-92.7k or -41.5%). In August 2021, the increase in Audio and Video Recording Accessories's year-by-year imports was explained primarily by an increase in imports from China ($36.7k or 174%), Singapore ($6.94k or 53.9%), and United Kingdom ($1.58k or 77.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-480k(-15.5%)

IMPORT GROWTH (August 2020 - August 2021)$55.6k(6.17%)

MAIN DESTINATION (August 2021)Japan$1.49M

This section shows Audio and Video Recording Accessories'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 Audio and Video Recording Accessories over time.

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