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2022
Exports $359MWorld Rnk 30 / 209
Flag Rnk 40 / 1127
2022
Destination $11.1M United States
2021 - 2022
FASTEST GROWING MARKET $11.1MAustralia
2022
PRODUCT COMPLEXITY IN Electric Batteries1.02Rnk 164 / 1025
2022
Imports $547MWorld Rnk 37 / 225
Flag Rnk 67 / 1201
2022
Origin $37.6M China
2021 - 2022
FASTEST GROWING ORIGIN $37.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

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).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Electric Batteries exports accounted up to $30.7M and imports accounted up to $38.2M, resulting in a negative trade balance of $7.5M. Between October 2023 and October 2024 the exports of Philippines'   Electric Batteries have increased by $16.8M (121%) from $13.9M to $30.7M, while imports increased by $5.53M (16.9%) from $32.7M to $38.2M.

Destinations In October 2024, Electric Batteries were exported mostly to Japan ($10.7M), Malaysia ($8.61M), United States ($7.04M), Australia ($2.09M), and Canada ($1.03M), and were imported mostly from China ($15.3M), South Korea ($9.02M), Vietnam ($4.16M), Chinese Taipei ($1.67M), and India ($1.61M).

Growth In October 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 October 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 (October 2023 - October 2024)$16.8M(121%)
IMPORT GROWTH (October 2023 - October 2024)$5.53M(16.9%)
MAIN DESTINATION (October 2024)Japan$10.7M

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 (2022)$359M
IMPORTS (2022)$547M
NET TRADE (2022)-$188M

In 2022, Philippines exported $359M in Electric Batteries. The main destinations of Philippines exports on Electric Batteries were United States ($76.7M), Malaysia ($54.3M), Australia ($53.9M), Austria ($25.9M), and Japan ($18.3M).

In 2022, Philippines imported $547M in Electric Batteries, mainly from China ($225M), Vietnam ($91.1M), Singapore ($71.3M), Chinese Taipei ($42.9M), and South Korea ($36.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Australia$11.1M (25.9%)
United Kingdom$9.74M (698%)
Japan$7.61M (71.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Philippines WERE (2021 - 2022):
Russia-$8.17M (-100%)
United Arab Emirates-$3.43M (-57.8%)
Saudi Arabia-$2.95M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electric Batteries were:
China $58.7B
South Korea $9.71B
Poland $9.55B
In 2022, Philippines's main importing competitors in Electric Batteries were:
United States $23.2B
Germany $20.3B
South Korea $6.08B

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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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