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2022
Destination $28M United States
2021 - 2022
FASTEST GROWING MARKET $28MUnited States
2022
PRODUCT COMPLEXITY IN Other Heating Machinery1.15Rnk 116 / 1025
2022
ImportsfalseWorld Rnk 39 / 225
Flag Rnk 132 / 1201
2022
Origin $31.4M China
2021 - 2022
FASTEST GROWING ORIGIN $31.4MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported N/A in Other Heating Machinery, making it the 36th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 86th most exported product in Philippines. The main destination of Other Heating Machinery exports from Philippines are: United States ($37.4M), France ($34.4M), Czechia ($18.3M), Japan ($9.34M), and China ($7.34M).

The fastest growing export markets for Other Heating Machinery of Philippines between 2021 and 2022 were United States ($28M), Czechia ($10.8M), and China ($3.98M).

Imports In 2022, Philippines imported $250M in Other Heating Machinery, becoming the 39th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 132nd most imported product in Philippines. Philippines imports Other Heating Machinery primarily from: China ($58.7M), South Korea ($41.7M), Japan ($34.4M), United States ($31M), and Germany ($17.2M).

The fastest growing import markets in Other Heating Machinery for Philippines between 2021 and 2022 were South Korea ($31.4M), United States ($17M), and Germany ($8.64M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Heating Machinery exports accounted up to $2.9M and imports accounted up to $16.2M, resulting in a negative trade balance of $13.3M. Between July 2023 and July 2024 the exports of Philippines'   Other Heating Machinery have increased by $130k (4.68%) from $2.77M to $2.9M, while imports increased by $1.4M (9.47%) from $14.8M to $16.2M.

Destinations In July 2024, Other Heating Machinery were exported mostly to Japan ($1.04M), China ($600k), United States ($272k), Hong Kong ($200k), and South Korea ($150k), and were imported mostly from China ($4.84M), United States ($2.91M), South Korea ($1.36M), Germany ($891k), and India ($890k).

Growth In July 2024, the increase in Other Heating Machinery's year-by-year exports was explained primarily by an increase in exports to China ($439k or 3.09k%), Saudi Arabia ($162k or 692%), and Japan ($147k or 25.1%). In July 2024, the increase in Other Heating Machinery's year-by-year imports was explained primarily by an increase in imports from United States ($7.15M or 433%), Australia ($1.31M or 312k%), and China ($725k or 25.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$130k(4.68%)
IMPORT GROWTH (July 2023 - July 2024)$1.4M(9.47%)
MAIN DESTINATION (July 2024)Japan$1.04M

This section shows Other Heating Machinery'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 Other Heating Machinery over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$250M

In N/A, Philippines exported N/A in Other Heating Machinery. The main destinations of Philippines exports on Other Heating Machinery were United States ($37.4M), France ($34.4M), Czechia ($18.3M), Japan ($9.34M), and China ($7.34M).

In 2022, Philippines imported $250M in Other Heating Machinery, mainly from China ($58.7M), South Korea ($41.7M), Japan ($34.4M), United States ($31M), and Germany ($17.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$28M (297%)
Czechia$10.8M (144%)
China$3.98M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Philippines WERE (2021 - 2022):
France-$16.8M (-32.8%)
Russia-$4.61M (-99%)
Netherlands-$4.1M (-39.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Other Heating Machinery were:
China $8.12B
Germany $5.79B
United States $4.51B
In 2022, Philippines's main importing competitors in Other Heating Machinery were:
United States $7.45B
Germany $3.38B
China $2.56B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.9M
TOP IMPORT POTENTIALChina+ $30.8M

Other Heating Machinery’s highest export potential is United States. With an export gap of $21.9M.   Other Heating Machinery’s highest import potential is China with an import gap of $30.8M.

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