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2022
Exports $362kWorld Rnk 54 / 116
Flag Rnk 704 / 1127
2022
Destination $230k Malaysia
2021 - 2022
FASTEST GROWING MARKET $230kMalaysia
2022
PRODUCT COMPLEXITY IN Hydraulic Turbines-0.028Rnk 553 / 1025
2022
Imports $7.29MWorld Rnk 40 / 195
Flag Rnk 776 / 1201
2022
Origin $1.19M Italy
2021 - 2022
FASTEST GROWING ORIGIN $1.19MItaly
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $362k in Hydraulic Turbines, making it the 54th largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 704th most exported product in Philippines. The main destination of Hydraulic Turbines exports from Philippines are: Malaysia ($232k), United Arab Emirates ($86.1k), Singapore ($29.6k), United States ($8.74k), and Switzerland ($3.61k).

The fastest growing export markets for Hydraulic Turbines of Philippines between 2021 and 2022 were Malaysia ($230k), United Arab Emirates ($79.3k), and Singapore ($29.6k).

Imports In 2022, Philippines imported $7.29M in Hydraulic Turbines, becoming the 40th largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 776th most imported product in Philippines. Philippines imports Hydraulic Turbines primarily from: Italy ($2.6M), China ($1.76M), Austria ($536k), Brazil ($421k), and India ($405k).

The fastest growing import markets in Hydraulic Turbines for Philippines between 2021 and 2022 were Italy ($1.19M), China ($917k), and India ($322k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Hydraulic Turbines exports accounted up to $1.4k and imports accounted up to $42.8k, resulting in a negative trade balance of $41.4k. Between June 2020 and June 2024 the exports of Philippines'   Hydraulic Turbines have increased by $995 (249%) from $400 to $1.4k, while imports decreased by $-61.7k (-59.1%) from $104k to $42.8k.

Destinations In June 2024, Hydraulic Turbines were exported mostly to , and were imported mostly from Germany ($16.5k), Hong Kong ($12.4k), Malaysia ($5.38k), Japan ($3.47k), and South Korea ($2.47k).

Growth In June 2024, the increase in Hydraulic Turbines's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the decrease in Hydraulic Turbines's year-by-year imports was explained primarily by a decrease in imports from China ($-855k or -95.9%), Germany ($-353k or -99.2%), and India ($-206k or -79.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2020 - June 2024)$995(249%)
IMPORT GROWTH (October 2023 - October 2024)$-61.7k(-59.1%)
MAIN DESTINATION (June 2024)

This section shows Hydraulic Turbines'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 Hydraulic Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$362k
IMPORTS (2022)$7.29M
NET TRADE (2022)-$6.93M

In 2022, Philippines exported $362k in Hydraulic Turbines. The main destinations of Philippines exports on Hydraulic Turbines were Malaysia ($232k), United Arab Emirates ($86.1k), Singapore ($29.6k), United States ($8.74k), and Switzerland ($3.61k).

In 2022, Philippines imported $7.29M in Hydraulic Turbines, mainly from Italy ($2.6M), China ($1.76M), Austria ($536k), Brazil ($421k), and India ($405k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$230k (14.9k%)
United Arab Emirates$79.3k (1.17k%)
Singapore$29.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY Philippines WERE (2021 - 2022):
Chinese Taipei-$29.4k (-99.7%)
Switzerland-$5.54k (-60.6%)
Saudi Arabia-$1.53k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Hydraulic Turbines were:
China $225M
Austria $127M
Germany $88.9M
In 2022, Philippines's main importing competitors in Hydraulic Turbines were:
Russia $65.9M
United States $58.5M
Vietnam $53.8M

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Trade Value of Hydraulic Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.5k
TOP IMPORT POTENTIALChina+ $558k

Hydraulic Turbines’s highest export potential is United States. With an export gap of $21.5k.   Hydraulic Turbines’s highest import potential is China with an import gap of $558k.

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