Electric Motor Parts in   Philippines

Overview In July 2024 Philippines' Electric Motor Parts exports accounted up to $2.22M and imports accounted up to $8.71M, resulting in a negative trade balance of $6.48M. Between July 2023 and July 2024 the exports of Philippines'   Electric Motor Parts have decreased by $-1.27M (-36.3%) from $3.49M to $2.22M, while imports increased by $1.84M (26.8%) from $6.87M to $8.71M.

Destinations In July 2024, Electric Motor Parts were exported mostly to Japan ($646k), China ($522k), Thailand ($410k), United States ($256k), and Mexico ($194k), and were imported mostly from Japan ($2.43M), China ($1.55M), Singapore ($1.16M), United States ($769k), and Malaysia ($615k).

Growth In July 2024, the decrease in Electric Motor Parts's year-by-year exports was explained primarily by a decrease in exports to China ($-1.13M or -63.8%), Japan ($-652k or -23.8%), and United States ($-454k or -79.1%). In July 2024, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from United States ($678k or 421%), Vietnam ($180k or 68.5%), and Indonesia ($71.2k or 57.8%).