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2022
Exports $10.2BWorld Rnk 8 / 226
Flag Rnk 2 / 1127
2022
Destination $357M United States
2021 - 2022
FASTEST GROWING MARKET $357MChina
2022
PRODUCT COMPLEXITY IN Office Machine Parts1.32Rnk 90 / 1025
2022
Imports $2.45BWorld Rnk 24 / 224
Flag Rnk 7 / 1201
2022
Origin $29.1M China
2021 - 2022
FASTEST GROWING ORIGIN $29.1MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $10.2B in Office Machine Parts, making it the 8th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 2nd most exported product in Philippines. The main destination of Office Machine Parts exports from Philippines are: United States ($2.59B), China ($1.33B), Hong Kong ($894M), Germany ($840M), and Thailand ($781M).

The fastest growing export markets for Office Machine Parts of Philippines between 2021 and 2022 were China ($357M), Singapore ($115M), and United Kingdom ($103M).

Imports In 2022, Philippines imported $2.45B in Office Machine Parts, becoming the 24th largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 7th most imported product in Philippines. Philippines imports Office Machine Parts primarily from: China ($729M), Hong Kong ($616M), Japan ($307M), United States ($271M), and Singapore ($171M).

The fastest growing import markets in Office Machine Parts for Philippines between 2021 and 2022 were South Korea ($29.1M), India ($12.2M), and Poland ($1.92M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Office Machine Parts exports accounted up to $113M and imports accounted up to $118M, resulting in a negative trade balance of $4.97M. Between August 2023 and August 2024 the exports of Philippines'   Office Machine Parts have increased by $26.8M (31.1%) from $86.1M to $113M, while imports increased by $23.6M (25.1%) from $94.2M to $118M.

Destinations In August 2024, Office Machine Parts were exported mostly to Thailand ($70.3M), United States ($9.61M), India ($6.47M), Japan ($5.42M), and Hong Kong ($3.36M), and were imported mostly from Hong Kong ($57.9M), Japan ($29.9M), China ($12.2M), Thailand ($7.29M), and Chinese Taipei ($3.03M).

Growth In August 2024, the increase in Office Machine Parts's year-by-year exports was explained primarily by an increase in exports to United States ($2.02M or 39.7%), Japan ($638k or 18.7%), and Germany ($468k or 91.8%). In August 2024, the increase in Office Machine Parts's year-by-year imports was explained primarily by an increase in imports from China ($8.06M or 51.9%), United States ($6.08M or 320%), and United Kingdom ($206k or 818%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$26.8M(31.1%)
IMPORT GROWTH (August 2023 - August 2024)$23.6M(25.1%)
MAIN DESTINATION (August 2024)Thailand$70.3M

This section shows Office Machine Parts'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 Office Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.2B
IMPORTS (2022)$2.45B
NET TRADE (2022)$7.76B

In 2022, Philippines exported $10.2B in Office Machine Parts. The main destinations of Philippines exports on Office Machine Parts were United States ($2.59B), China ($1.33B), Hong Kong ($894M), Germany ($840M), and Thailand ($781M).

In 2022, Philippines imported $2.45B in Office Machine Parts, mainly from China ($729M), Hong Kong ($616M), Japan ($307M), United States ($271M), and Singapore ($171M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$357M (36.6%)
Singapore$115M (70.8%)
United Kingdom$103M (172%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY Philippines WERE (2021 - 2022):
Hong Kong-$535M (-37.4%)
United States-$210M (-7.49%)
Thailand-$156M (-16.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Office Machine Parts were:
China $111B
Chinese Taipei $26.4B
United States $22.5B
In 2022, Philippines's main importing competitors in Office Machine Parts were:
United States $60.3B
Hong Kong $30.5B
China $27.2B

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Trade Value of Office Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $444M
TOP IMPORT POTENTIALChina+ $192M

Office Machine Parts’s highest export potential is China. With an export gap of $444M.   Office Machine Parts’s highest import potential is China with an import gap of $192M.

See methodology.

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