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2022
Exports $901MWorld Rnk 9 / 199
Flag Rnk 18 / 1127
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseHong Kong
2022
PRODUCT COMPLEXITY IN Electrical Capacitors1.28Rnk 97 / 1025
2022
Imports $364MWorld Rnk 18 / 211
Flag Rnk 94 / 1201
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $901M in Electrical Capacitors, making it the 9th largest exporter of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 18th most exported product in Philippines. The main destination of Electrical Capacitors exports from Philippines are: China ($269M), Hong Kong ($162M), Germany ($82.9M), Singapore ($76M), and Mexico ($54.9M).

The fastest growing export markets for Electrical Capacitors of Philippines between 2021 and 2022 were Hong Kong ($76.4M), Mexico ($46.6M), and South Korea ($9.9M).

Imports In 2022, Philippines imported $364M in Electrical Capacitors, becoming the 18th largest importer of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 94th most imported product in Philippines. Philippines imports Electrical Capacitors primarily from: China ($131M), Hong Kong ($62.6M), South Korea ($51.4M), Singapore ($48.7M), and Japan ($33.4M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Electrical Capacitors exports accounted up to $75.7M and imports accounted up to $16M, resulting in a positive trade balance of $59.7M. Between June 2023 and June 2024 the exports of Philippines'   Electrical Capacitors have decreased by $-31.3M (-29.3%) from $107M to $75.7M, while imports decreased by $-19.5M (-55%) from $35.5M to $16M.

Destinations In June 2024, Electrical Capacitors were exported mostly to China ($37.8M), Hong Kong ($17.9M), Germany ($7.23M), United States ($3.9M), and South Korea ($3.31M), and were imported mostly from South Korea ($5.96M), Japan ($3.71M), Singapore ($2.69M), Hong Kong ($1.6M), and United States ($521k).

Growth In June 2024, the decrease in Electrical Capacitors's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-6M or -67.4%), Japan ($-3.82M or -90.7%), and Malaysia ($-1.87M or -54.7%). In June 2024, the decrease in Electrical Capacitors's year-by-year imports was explained primarily by a decrease in imports from China ($-4.49M or -36.6%), Japan ($-2.64M or -54.4%), and Hong Kong ($-1.95M or -46.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-31.3M(-29.3%)
IMPORT GROWTH (June 2023 - June 2024)$-19.5M(-55%)
MAIN DESTINATION (June 2024)China$37.8M

This section shows Electrical Capacitors'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 Electrical Capacitors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$901M
IMPORTS (2022)$364M
NET TRADE (2022)$537M

In 2022, Philippines exported $901M in Electrical Capacitors. The main destinations of Philippines exports on Electrical Capacitors were China ($269M), Hong Kong ($162M), Germany ($82.9M), Singapore ($76M), and Mexico ($54.9M).

In 2022, Philippines imported $364M in Electrical Capacitors, mainly from China ($131M), Hong Kong ($62.6M), South Korea ($51.4M), Singapore ($48.7M), and Japan ($33.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Capacitors EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$76.4M (89.6%)
Mexico$46.6M (562%)
South Korea$9.9M (26.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Capacitors BY Philippines WERE (2021 - 2022):
China-$138M (-33.8%)
Germany-$61.8M (-42.7%)
Singapore-$54.2M (-41.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electrical Capacitors were:
China $8.74B
Japan $7.51B
Chinese Taipei $2.1B
In 2022, Philippines's main importing competitors in Electrical Capacitors were:
China $6.86B
Hong Kong $5.2B
United States $2.58B

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Trade Value of Electrical Capacitors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $125M
TOP IMPORT POTENTIALChina+ $23.8M

Electrical Capacitors’s highest export potential is China. With an export gap of $125M.   Electrical Capacitors’s highest import potential is China with an import gap of $23.8M.

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