NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $28.9BWorld Rnk 9 / 222
Flag Rnk 1 / 1123
2023
Destination $285M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $285MNetherlands
2023
PRODUCT COMPLEXITY IN Integrated Circuits1.17Rnk 117 / 1025
2023
Imports $13BWorld Rnk 14 / 224
Flag Rnk 1 / 1202
2023
Origin $205M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $205MMalaysia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $28.9B in Integrated Circuits, making it the 9th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in Philippines. The main destination of Integrated Circuits exports from Philippines are: Hong Kong ($7.33B), China ($6.79B), Singapore ($3.25B), Germany ($2B), and United States ($1.39B).

The fastest growing export markets for Integrated Circuits of Philippines between 2022 and 2023 were Netherlands ($285M), Germany ($238M), and South Korea ($204M).

Imports In 2023, Philippines imported $13B in Integrated Circuits, becoming the 14th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most imported product in Philippines. Philippines imports Integrated Circuits primarily from: Chinese Taipei ($2.72B), South Korea ($1.96B), United States ($1.74B), China ($1.38B), and Japan ($1.23B).

The fastest growing import markets in Integrated Circuits for Philippines between 2022 and 2023 were Malaysia ($205M), United States ($77.8M), and Israel ($19M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Integrated Circuits exports accounted up to $1.41B and imports accounted up to $668M, resulting in a positive trade balance of $745M. Between July 2023 and July 2024 the exports of Philippines'   Integrated Circuits have decreased by $-755M (-34.8%) from $2.17B to $1.41B, while imports increased by $456k (0.068%) from $667M to $668M.

Destinations In July 2024, Integrated Circuits were exported mostly to Hong Kong ($385M), China ($174M), United States ($136M), Chinese Taipei ($126M), and Netherlands ($93.6M), and were imported mostly from United States ($121M), Japan ($117M), Chinese Taipei ($116M), Singapore ($71.5M), and China ($69.3M).

Growth In July 2024, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-179M or -36.4%), Singapore ($-78.6M or -47.7%), and Japan ($-47.9M or -37.5%). In July 2024, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Malaysia ($29.5M or 207%), Hong Kong ($19.7M or 40%), and United Kingdom ($9.36M or 442%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-755M(-34.8%)
IMPORT GROWTH (July 2023 - July 2024)$456k(0.068%)
MAIN DESTINATION (July 2024)Hong Kong$385M

This section shows Integrated Circuits'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 Integrated Circuits over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$28.9B
IMPORTS (2023)$13B
NET TRADE (2023)$15.9B

In 2023, Philippines exported $28.9B in Integrated Circuits. The main destinations of Philippines exports on Integrated Circuits were Hong Kong ($7.33B), China ($6.79B), Singapore ($3.25B), Germany ($2B), and United States ($1.39B).

In 2023, Philippines imported $13B in Integrated Circuits, mainly from Chinese Taipei ($2.72B), South Korea ($1.96B), United States ($1.74B), China ($1.38B), and Japan ($1.23B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Netherlands$285M (70.7%)
Germany$238M (13.5%)
South Korea$204M (25.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Philippines WERE (2022 - 2023):
Singapore-$2.35B (-42%)
China-$1.88B (-21.7%)
Hong Kong-$1.43B (-16.4%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Integrated Circuits were:
Chinese Taipei $214B
China $154B
South Korea $134B
In 2023, Philippines's main importing competitors in Integrated Circuits were:
Hong Kong $200B
China $200B
Singapore $85.6B

Explore Visualizations

Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.5B
TOP IMPORT POTENTIALChina+ $865M

Integrated Circuits’s highest export potential is China. With an export gap of $3.5B.   Integrated Circuits’s highest import potential is China with an import gap of $865M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms