Opto-Electric Instrument Parts in   Philippines

Overview In July 2024 Philippines' Opto-Electric Instrument Parts exports accounted up to $199k and imports accounted up to $4.7M, resulting in a negative trade balance of $4.5M. Between July 2023 and July 2024 the exports of Philippines'   Opto-Electric Instrument Parts have decreased by $-1.64M (-89.2%) from $1.84M to $199k, while imports decreased by $-2.38M (-33.6%) from $7.08M to $4.7M.

Destinations In July 2024, Opto-Electric Instrument Parts were exported mostly to South Korea ($89.7k), Turkey ($52.9k), India ($24.1k), Chinese Taipei ($12.1k), and Bulgaria ($9.91k), and were imported mostly from United States ($1.33M), China ($593k), Japan ($467k), Germany ($368k), and Bulgaria ($331k).

Growth In July 2024, the decrease in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by a decrease in exports to United States ($-708k or -90.3%), Malaysia ($-378k or -76.6%), and Poland ($-288k or -28.8%). In July 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-339k or -35.2%), China ($-326k or -56.2%), and Vietnam ($-278k or -32.8%).