Microphones and Headphones in Philippines

EXPORTS (2018): $220M, World Rnk 27 / 186
Flag Rnk 56 / 1084

TOP DESTINATION (2018): $41.8M, Malaysia

FASTEST GROWING MARKET (2017 - 2018): $16.2M, Germany

IMPORTS (2018): $216M, World Rnk 34 / 217
Flag Rnk 124 / 1201

TOP ORIGIN (2018): $151M, China

FASTEST GROWING ORIGIN (2017 - 2018): $46.4M, China

ECONOMIC COMPLEXITY of Philippines (2018): 0.5, Rnk 46 / 137

PRODUCT COMPLEXITY  IN Microphones and Headphones (2018): 0.17, Rnk 475 / 1018

Exports: In 2018, Philippines exported $220M in Microphones and Headphones, making it the 27th largest exporter of Microphones and Headphones in the world. At the same year, Microphones and Headphones was the 56th most exported product in Philippines. The main destination of Microphones and Headphones exports from Philippines are: Malaysia ($41.8M), United States ($34M), Japan ($27.8M), Germany ($25.4M), and China ($25.3M).

The fastest growing export markets for Microphones and Headphones of Philippines between 2017 and 2018 were Germany ($16.2M), United States ($10.9M), and Malaysia ($8.84M).

Imports: In 2018, Philippines imported $216M in Microphones and Headphones, becoming the 34th largest importer of Microphones and Headphones in the world. At the same year, Microphones and Headphones was the 124th most imported product in Philippines. Philippines imports Microphones and Headphones primarily from: China ($151M), Malaysia ($19.2M), Hong Kong ($9.54M), United States ($9.08M), and Singapore ($5.86M).

The fastest growing import markets in Microphones and Headphones for Philippines between 2017 and 2018 were China ($46.4M), Malaysia ($5.53M), and Singapore ($2.31M).

Tariffs: In 2018, the average tariff for Philippines in Microphones and Headphones was 2.07%. The countries with the highest import tariffs for Microphones and Headphones were India (2.33%), Angola (2.19%), Burundi (2.19%), Benin (2.19%), and Burkina Faso (2.19%).

Overview: In August 2020 Philippines' Microphones and Headphones exports accounted up to N/A10.7M and imports accounted up to N/A13.1M, resulting in a negative trade balance of N/A2.41M. Between August 2019 and August 2020 the exports of Philippines'   Microphones and Headphones have decreased by N/A-103k (-0.95%) from N/A10.8M to N/A10.7M, while imports decreased by N/A-1.92M (-12.7%) from N/A15.1M to N/A13.1M.

Destinations: In August 2020 Microphones and Headphones exported mostly to Malaysia ($5.27M), Denmark ($2.63M), United States ($622k), Japan ($580k), and Vietnam ($381k), and imported mostly from China ($7.09M), Hong Kong ($1.98M), Denmark ($970k), Thailand ($707k), and Malaysia ($681k).

Growth: In August 2020, the decrease in Microphones and Headphones's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-1.19M or -18.4%), Japan ($-673k or -53.7%), and United States ($-438k or -41.3%). In August 2020, the decrease in Microphones and Headphones's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-2.84M or -80.7%), United States ($-618k or -63%), and France ($-128k or -99.9%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): N/A-103k, (-0.95%)

IMPORT GROWTH (August 2019 - August 2020): N/A-1.92M, (-12.7%)

MAIN DESTINATION (August 2020): Malaysia, $5.27M

This section shows Microphones and Headphones'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 Microphones and Headphones over time.

Value

EXPORTS (2018): $220M

IMPORTS (2018): $216M

NET TRADE (2018): $3.29M

In 2018, Philippines exported $220M in Microphones and Headphones. The main destinations of Philippines exports on Microphones and Headphones were Malaysia ($41.8M), United States ($34M), Japan ($27.8M), Germany ($25.4M), and China ($25.3M).

In 2018, Philippines imported $216M in Microphones and Headphones, mainly from China ($151M), Malaysia ($19.2M), Hong Kong ($9.54M), United States ($9.08M), and Singapore ($5.86M).

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IN 2018, Philippines HAD A POSITIVE NET TRADE IN Microphones and Headphones WITH:

IN 2018, Philippines HAD A NEGATIVE NET TRADE IN Microphones and Headphones WITH:

Flow

THE FASTEST GROWING Microphones and Headphones EXPORT MARKETS FOR Philippines WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Microphones and Headphones BY Philippines WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, Philippines's main exporting competitors in Microphones and Headphones were:

In 2018, Philippines's main importing competitors in Microphones and Headphones were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Microphones and Headphones in Philippines. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Philippines in Microphones and Headphones was 2.07%.

The countries with the highest tariffs for Microphones and Headphones in Philippines were India (2.33%), Angola (2.19%), Burundi (2.19%), Benin (2.19%), and Burkina Faso (2.19%).

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