Electromagnets in   Philippines

Overview In July 2024 Philippines' Electromagnets exports accounted up to $13.1M and imports accounted up to $12.4M, resulting in a positive trade balance of $676k. Between July 2023 and July 2024 the exports of Philippines'   Electromagnets have decreased by $-4.14M (-24.1%) from $17.2M to $13.1M, while imports increased by $202k (1.66%) from $12.2M to $12.4M.

Destinations In July 2024, Electromagnets were exported mostly to Japan ($5.83M), United States ($2.18M), South Korea ($2.02M), China ($1.07M), and Hong Kong ($969k), and were imported mostly from China ($5.44M), Japan ($3.47M), Chinese Taipei ($977k), Singapore ($646k), and United Kingdom ($554k).

Growth In July 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.92M or -32.3%), Hong Kong ($-1.64M or -53.8%), and China ($-1.24M or -35%). In July 2024, the increase in Electromagnets's year-by-year imports was explained primarily by an increase in imports from China ($4.64M or 130%), Thailand ($323k or 102%), and Singapore ($287k or 231%).