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2023
Exports $503MWorld Rnk 26 / 212
Flag Rnk 32 / 1123
2023
Destination $45.9M United States
2022 - 2023
FASTEST GROWING MARKET $45.9MUnited States
2023
PRODUCT COMPLEXITY IN Electric Batteries1.17Rnk 118 / 1025
2023
Imports $357MWorld Rnk 41 / 224
Flag Rnk 75 / 1202
2023
Origin $6.27M China
2022 - 2023
FASTEST GROWING ORIGIN $6.27MUnited States
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $503M in Electric Batteries, making it the 26th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 32nd most exported product in Philippines. The main destination of Electric Batteries exports from Philippines are: United States ($127M), Malaysia ($58.4M), Austria ($46M), Netherlands ($41M), and Australia ($36.3M).

The fastest growing export markets for Electric Batteries of Philippines between 2022 and 2023 were United States ($45.9M), Austria ($18.1M), and Germany ($15.6M).

Imports In 2023, Philippines imported $357M in Electric Batteries, becoming the 41st largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 75th most imported product in Philippines. Philippines imports Electric Batteries primarily from: China ($155M), Vietnam ($53.3M), Chinese Taipei ($32.1M), Singapore ($30.2M), and South Korea ($16.4M).

The fastest growing import markets in Electric Batteries for Philippines between 2022 and 2023 were United States ($6.27M), Italy ($2.23M), and Malaysia ($1.29M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Electric Batteries exports accounted up to $16.1M and imports accounted up to $30.3M, resulting in a negative trade balance of $14.1M. Between July 2023 and July 2024 the exports of Philippines'   Electric Batteries have increased by $4.69M (40.9%) from $11.5M to $16.1M, while imports increased by $1.04M (3.55%) from $29.2M to $30.3M.

Destinations In July 2024, Electric Batteries were exported mostly to United States ($4.88M), Malaysia ($4.17M), Australia ($3.13M), Japan ($1.48M), and New Zealand ($503k), and were imported mostly from China ($15.7M), Vietnam ($4.56M), Singapore ($2.52M), South Korea ($1.97M), and Chinese Taipei ($1.5M).

Growth In July 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to Japan ($2.05M or 3.25M%), United States ($1.82M or 67.9%), and Malaysia ($1.14M or 34.9%). In July 2024, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from Malaysia ($972k or 2.22k%), Thailand ($584k or 277%), and Poland ($113k or 9.09k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$4.69M(40.9%)
IMPORT GROWTH (July 2023 - July 2024)$1.04M(3.55%)
MAIN DESTINATION (July 2024)United States$4.88M

This section shows Electric Batteries'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 Electric Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$503M
IMPORTS (2023)$357M
NET TRADE (2023)$146M

In 2023, Philippines exported $503M in Electric Batteries. The main destinations of Philippines exports on Electric Batteries were United States ($127M), Malaysia ($58.4M), Austria ($46M), Netherlands ($41M), and Australia ($36.3M).

In 2023, Philippines imported $357M in Electric Batteries, mainly from China ($155M), Vietnam ($53.3M), Chinese Taipei ($32.1M), Singapore ($30.2M), and South Korea ($16.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$45.9M (56.5%)
Austria$18.1M (64.7%)
Germany$15.6M (95.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Philippines WERE (2022 - 2023):
Australia-$18.6M (-33.9%)
Netherlands-$17.8M (-30.2%)
France-$6.19M (-47.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Electric Batteries were:
China $80B
Poland $12.7B
South Korea $10B
In 2023, Philippines's main importing competitors in Electric Batteries were:
Germany $29B
United States $26.7B
South Korea $9.39B

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $62.5M
TOP IMPORT POTENTIALChina+ $117M

Electric Batteries’s highest export potential is United States. With an export gap of $62.5M.   Electric Batteries’s highest import potential is China with an import gap of $117M.

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