Electric Batteries in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $359M in Electric Batteries, making it the 30th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 40th most exported product in Philippines. The main destination of Electric Batteries exports from Philippines are: United States ($76.7M), Malaysia ($54.3M), Australia ($53.9M), Austria ($25.9M), and Japan ($18.3M).

The fastest growing export markets for Electric Batteries of Philippines between 2021 and 2022 were Australia ($11.1M), United Kingdom ($9.74M), and Japan ($7.61M).

Imports In 2022, Philippines imported $547M in Electric Batteries, becoming the 37th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 67th most imported product in Philippines. Philippines imports Electric Batteries primarily from: China ($225M), Vietnam ($91.1M), Singapore ($71.3M), Chinese Taipei ($42.9M), and South Korea ($36.8M).

The fastest growing import markets in Electric Batteries for Philippines between 2021 and 2022 were China ($37.6M), Singapore ($16.2M), and Chinese Taipei ($14.4M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Electric Batteries from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Electric Batteries exports accounted up to $13.3M and imports accounted up to $29.6M, resulting in a negative trade balance of $16.3M. Between August 2020 and August 2021 the exports of Philippines' Electric Batteries have decreased by $-3.96M (-22.9%) from $17.3M to $13.3M, while imports increased by $1.03M (3.6%) from $28.6M to $29.6M.

Destinations In August 2021, Electric Batteries were exported mostly to United States ($3.79M), Malaysia ($3.42M), Australia ($3.24M), Japan ($892k), and Netherlands ($462k), and were imported mostly from China ($10.3M), Vietnam ($7.17M), Singapore ($5.48M), Chinese Taipei ($2.14M), and Thailand ($1.21M).

Growth In August 2021, the decrease in Electric Batteries's year-by-year exports was explained primarily by a decrease in exports to Australia ($-2.57M or -48.1%), Malaysia ($-1.84M or -35.7%), and Ireland ($-183k or -54.5%). In August 2021, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from Czechia ($378k or 1.72k%), China ($363k or 4.35%), and Italy ($210k or 14.1k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-3.96M(-22.9%)

IMPORT GROWTH (August 2020 - August 2021)$1.03M(3.6%)

MAIN DESTINATION (August 2021)United States$3.79M

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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