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2023
Exports $1.6BWorld Rnk 28 / 225
Flag Rnk 10 / 1123
2023
Destination $39.7M United States
2022 - 2023
FASTEST GROWING MARKET $39.7MUnited States
2023
PRODUCT COMPLEXITY IN Broadcasting Equipment0.59Rnk 334 / 1025
2023
Imports $1.88BWorld Rnk 46 / 226
Flag Rnk 10 / 1202
2023
Origin $121M China
2022 - 2023
FASTEST GROWING ORIGIN $121MUnited States
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.6B in Broadcasting Equipment, making it the 28th largest exporter of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 10th most exported product in Philippines. The main destination of Broadcasting Equipment exports from Philippines are: United States ($951M), China ($135M), Canada ($99M), Germany ($77.9M), and Japan ($49.4M).

The fastest growing export markets for Broadcasting Equipment of Philippines between 2022 and 2023 were United States ($39.7M), Mexico ($34.5M), and Canada ($12.1M).

Imports In 2023, Philippines imported $1.88B in Broadcasting Equipment, becoming the 46th largest importer of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 10th most imported product in Philippines. Philippines imports Broadcasting Equipment primarily from: China ($590M), Singapore ($470M), Vietnam ($245M), United States ($171M), and Hong Kong ($155M).

The fastest growing import markets in Broadcasting Equipment for Philippines between 2022 and 2023 were United States ($121M), Hong Kong ($91M), and Singapore ($73.4M).

COMPANIES In 2023, leading companies such as Euromarket Designs (1) were at the forefront of shipping Broadcasting Equipment from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Broadcasting Equipment exports accounted up to $2.85M and imports accounted up to $9.73M, resulting in a negative trade balance of $6.87M. Between July 2023 and July 2024 the exports of Philippines'   Broadcasting Equipment have decreased by $-434k (-13.2%) from $3.29M to $2.85M, while imports increased by $4.5M (86.1%) from $5.23M to $9.73M.

Destinations In July 2024, Broadcasting Equipment were exported mostly to United States ($2.48M), Belgium ($129k), Israel ($107k), Netherlands ($62.5k), and Germany ($33.8k), and were imported mostly from Vietnam ($3.77M), China ($2.32M), Thailand ($900k), Japan ($785k), and Singapore ($407k).

Growth In July 2024, the decrease in Broadcasting Equipment's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-444k or -96.8%), Germany ($-329k or -99.2%), and United States ($-156k or -22.1%). In July 2024, the increase in Broadcasting Equipment's year-by-year imports was explained primarily by an increase in imports from China ($784k or 100%), Germany ($322k or 2.01k%), and Singapore ($255k or 66.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-434k(-13.2%)
IMPORT GROWTH (July 2023 - July 2024)$4.5M(86.1%)
MAIN DESTINATION (July 2024)United States$2.48M

This section shows Broadcasting Equipment'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 Broadcasting Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.6B
IMPORTS (2023)$1.88B
NET TRADE (2023)-$286M

In 2023, Philippines exported $1.6B in Broadcasting Equipment. The main destinations of Philippines exports on Broadcasting Equipment were United States ($951M), China ($135M), Canada ($99M), Germany ($77.9M), and Japan ($49.4M).

In 2023, Philippines imported $1.88B in Broadcasting Equipment, mainly from China ($590M), Singapore ($470M), Vietnam ($245M), United States ($171M), and Hong Kong ($155M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Broadcasting Equipment EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$39.7M (4.36%)
Mexico$34.5M (386%)
Canada$12.1M (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Broadcasting Equipment BY Philippines WERE (2022 - 2023):
Vietnam-$34.9M (-98.4%)
Japan-$23.7M (-32.4%)
China-$17.1M (-11.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Broadcasting Equipment were:
China $307B
Vietnam $83.2B
Chinese Taipei $27.2B
In 2023, Philippines's main importing competitors in Broadcasting Equipment were:
United States $117B
Hong Kong $60.8B
China $42B

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Trade Value of Broadcasting Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.3M
TOP IMPORT POTENTIALChina+ $43.3M

Broadcasting Equipment’s highest export potential is United States. With an export gap of $36.3M.   Broadcasting Equipment’s highest import potential is China with an import gap of $43.3M.

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