Electric Soldering Equipment in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $9.15M in Electric Soldering Equipment, making it the 46th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 349th most exported product in Philippines. The main destination of Electric Soldering Equipment exports from Philippines are: Japan ($2.3M), United States ($1.47M), Hong Kong ($1.37M), China ($923k), and Chinese Taipei ($649k).

The fastest growing export markets for Electric Soldering Equipment of Philippines between 2021 and 2022 were United States ($1.08M), Hong Kong ($706k), and China ($627k).

Imports In 2022, Philippines imported $96.6M in Electric Soldering Equipment, becoming the 34th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 274th most imported product in Philippines. Philippines imports Electric Soldering Equipment primarily from: China ($53.3M), Japan ($16.3M), Germany ($5.36M), Singapore ($4.1M), and Switzerland ($3.29M).

The fastest growing import markets in Electric Soldering Equipment for Philippines between 2021 and 2022 were China ($11M), Singapore ($1.7M), and Germany ($798k).

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

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Electric Soldering Equipment exports accounted up to $862k and imports accounted up to $6.06M, resulting in a negative trade balance of $5.19M. Between August 2020 and August 2021 the exports of Philippines' Electric Soldering Equipment have decreased by $-46.9k (-5.16%) from $909k to $862k, while imports increased by $1.97M (48.2%) from $4.09M to $6.06M.

Destinations In August 2021, Electric Soldering Equipment were exported mostly to Japan ($562k), Netherlands ($192k), Sierra Leone ($86.1k), Malaysia ($20.5k), and Nigeria ($1k), and were imported mostly from Japan ($2.12M), China ($1.27M), South Korea ($534k), Singapore ($396k), and Germany ($337k).

Growth In August 2021, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to China ($-11.7k or -82.2%). In August 2021, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from Germany ($1.73M or 816%), Japan ($902k or 125%), and China ($398k or 31%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-46.9k(-5.16%)

IMPORT GROWTH (August 2020 - August 2021)$1.97M(48.2%)

MAIN DESTINATION (August 2021)Japan$562k

This section shows Electric Soldering Equipment'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 Soldering Equipment over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download