Electric Heaters in Philippines

EXPORTS (2018): $178M, World Rnk 34 / 177
Flag Rnk 67 / 1084

TOP DESTINATION (2018): $32.3M, United States

FASTEST GROWING MARKET (2017 - 2018): $26.6M, United States

IMPORTS (2018): $233M, World Rnk 42 / 217
Flag Rnk 110 / 1201

TOP ORIGIN (2018): $169M, China

FASTEST GROWING ORIGIN (2017 - 2018): $69.5M, China

ECONOMIC COMPLEXITY of Philippines (2018): 0.5, Rnk 46 / 137

PRODUCT COMPLEXITY  IN Electric Heaters (2018): 0.42, Rnk 407 / 1018

Exports: In 2018, Philippines exported $178M in Electric Heaters, making it the 34th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 67th most exported product in Philippines. The main destination of Electric Heaters exports from Philippines are: United States ($32.3M), Germany ($21.4M), Japan ($16.6M), Canada ($14.3M), and United Kingdom ($13.6M).

The fastest growing export markets for Electric Heaters of Philippines between 2017 and 2018 were United States ($26.6M), Germany ($16.2M), and Japan ($15.4M).

Imports: In 2018, Philippines imported $233M in Electric Heaters, becoming the 42nd largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 110th most imported product in Philippines. Philippines imports Electric Heaters primarily from: China ($169M), Malaysia ($12.1M), Italy ($9.07M), Singapore ($7.11M), and Thailand ($5.64M).

The fastest growing import markets in Electric Heaters for Philippines between 2017 and 2018 were China ($69.5M), Thailand ($2.7M), and Italy ($2.41M).

Tariffs: In 2018, the average tariff for Philippines in Electric Heaters was 4.72%. The countries with the highest import tariffs for Electric Heaters were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Overview: In August 2020 Philippines' Electric Heaters exports accounted up to N/A2.77M and imports accounted up to N/A14.2M, resulting in a negative trade balance of N/A11.4M. Between August 2019 and August 2020 the exports of Philippines'   Electric Heaters have decreased by N/A-5.09M (-64.8%) from N/A7.86M to N/A2.77M, while imports decreased by N/A-6.81M (-32.5%) from N/A21M to N/A14.2M.

Destinations: In August 2020 Electric Heaters exported mostly to United States ($877k), South Korea ($530k), France ($396k), Japan ($386k), and China ($119k), and imported mostly from China ($8.99M), United States ($1.09M), Malaysia ($983k), Italy ($918k), and Thailand ($525k).

Growth: In August 2020, the decrease in Electric Heaters's year-by-year exports was explained primarily by a decrease in exports to Australia ($-808k or -91.5%), Chinese Taipei ($-784k or -99.9%), and Japan ($-716k or -65%). In August 2020, the decrease in Electric Heaters's year-by-year imports was explained primarily by a decrease in imports from China ($-4.51M or -33.4%), Malaysia ($-978k or -49.9%), and Italy ($-601k or -39.6%).

Subnational Monthly Trade

#permalink to section
Flow
Value

EXPORT GROWTH (August 2019 - August 2020): N/A-5.09M, (-64.8%)

IMPORT GROWTH (August 2019 - August 2020): N/A-6.81M, (-32.5%)

MAIN DESTINATION (August 2020): United States, $877k

This section shows Electric Heaters'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 Heaters over time.

Value

EXPORTS (2018): $178M

IMPORTS (2018): $233M

NET TRADE (2018): -$55.2M

In 2018, Philippines exported $178M in Electric Heaters. The main destinations of Philippines exports on Electric Heaters were United States ($32.3M), Germany ($21.4M), Japan ($16.6M), Canada ($14.3M), and United Kingdom ($13.6M).

In 2018, Philippines imported $233M in Electric Heaters, mainly from China ($169M), Malaysia ($12.1M), Italy ($9.07M), Singapore ($7.11M), and Thailand ($5.64M).

Explore Visualizations

IN 2018, Philippines HAD A POSITIVE NET TRADE IN Electric Heaters WITH:

IN 2018, Philippines HAD A NEGATIVE NET TRADE IN Electric Heaters WITH:

Flow

THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Philippines WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Philippines WERE (2017 - 2018):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2018, Philippines's main exporting competitors in Electric Heaters were:

In 2018, Philippines's main importing competitors in Electric Heaters were:

Explore Visualizations

Trade Forecasts

#permalink to section

Time

This section shows forecasts for total exports and imports, for Electric Heaters in Philippines. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

#permalink to section

In 2018, the average tariff for Philippines in Electric Heaters was 4.72%.

The countries with the highest tariffs for Electric Heaters in Philippines were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Explore Tariff Data