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2022
Exports $173MWorld Rnk 31 / 216
Flag Rnk 69 / 1127
2022
Destination $2.08M Malaysia
2021 - 2022
FASTEST GROWING MARKET $2.08MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Microphones and Headphones0.78Rnk 254 / 1025
2022
Imports $422MWorld Rnk 31 / 222
Flag Rnk 87 / 1201
2022
Origin $67.2M China
2021 - 2022
FASTEST GROWING ORIGIN $67.2MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $173M in Microphones and Headphones, making it the 31st largest exporter of Microphones and Headphones in the world. At the same year, Microphones and Headphones was the 69th most exported product in Philippines. The main destination of Microphones and Headphones exports from Philippines are: Malaysia ($30.6M), United States ($27.8M), China ($24M), Japan ($20.4M), and Germany ($18.6M).

The fastest growing export markets for Microphones and Headphones of Philippines between 2021 and 2022 were United Kingdom ($2.08M), Vietnam ($1.92M), and Malaysia ($1.25M).

Imports In 2022, Philippines imported $422M in Microphones and Headphones, becoming the 31st largest importer of Microphones and Headphones in the world. At the same year, Microphones and Headphones was the 87th most imported product in Philippines. Philippines imports Microphones and Headphones primarily from: China ($322M), Hong Kong ($28.1M), Vietnam ($21.7M), Singapore ($15.9M), and Malaysia ($10.8M).

The fastest growing import markets in Microphones and Headphones for Philippines between 2021 and 2022 were China ($67.2M), Vietnam ($10.6M), and Hong Kong ($6.36M).

COMPANIES In 2023, leading companies such as Panasonic (39) and Robert Bosch (6) were at the forefront of shipping Microphones and Headphones from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Microphones and Headphones exports accounted up to $10.3M and imports accounted up to $3.29M, resulting in a positive trade balance of $7.06M. Between June 2023 and June 2024 the exports of Philippines'   Microphones and Headphones have decreased by $-1.79M (-14.7%) from $12.1M to $10.3M, while imports decreased by $-13.1M (-80%) from $16.4M to $3.29M.

Destinations In June 2024, Microphones and Headphones were exported mostly to United States ($3.93M), Germany ($1.02M), China ($1.01M), Netherlands ($760k), and Singapore ($556k), and were imported mostly from Vietnam ($853k), Hong Kong ($590k), Singapore ($477k), Mexico ($263k), and Japan ($193k).

Growth In June 2024, the decrease in Microphones and Headphones's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-1.59M or -23.1%), United States ($-205k or -13.7%), and Japan ($-129k or -44.3%). In June 2024, the decrease in Microphones and Headphones's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-648k or -39.5%), South Korea ($-271k or -66.8%), and Japan ($-247k or -69.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.79M(-14.7%)
IMPORT GROWTH (June 2023 - June 2024)$-13.1M(-80%)
MAIN DESTINATION (June 2024)United States$3.93M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$173M
IMPORTS (2022)$422M
NET TRADE (2022)-$249M

In 2022, Philippines exported $173M in Microphones and Headphones. The main destinations of Philippines exports on Microphones and Headphones were Malaysia ($30.6M), United States ($27.8M), China ($24M), Japan ($20.4M), and Germany ($18.6M).

In 2022, Philippines imported $422M in Microphones and Headphones, mainly from China ($322M), Hong Kong ($28.1M), Vietnam ($21.7M), Singapore ($15.9M), and Malaysia ($10.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Microphones and Headphones EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$2.08M (193%)
Vietnam$1.92M (27%)
Malaysia$1.25M (4.28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Microphones and Headphones BY Philippines WERE (2021 - 2022):
United States-$9.39M (-25.3%)
Hong Kong-$3.54M (-68.2%)
China-$3.15M (-11.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Microphones and Headphones were:
China $24.4B
Vietnam $3.65B
Germany $2.71B
In 2022, Philippines's main importing competitors in Microphones and Headphones were:
United States $8.8B
Germany $3.45B
China $3.34B

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Trade Value of Microphones and Headphones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34.7M
TOP IMPORT POTENTIALChina+ $54M

Microphones and Headphones’s highest export potential is United States. With an export gap of $34.7M.   Microphones and Headphones’s highest import potential is China with an import gap of $54M.

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