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2022
Exports $2.73MWorld Rnk 30 / 134
Flag Rnk 477 / 1127
2022
Destination $411k Japan
2021 - 2022
FASTEST GROWING MARKET $411kChina
2022
PRODUCT COMPLEXITY IN Photo Lab Equipment2.12Rnk 3 / 1025
2022
Imports $125MWorld Rnk 5 / 203
Flag Rnk 226 / 1201
2022
Origin $12.1M Japan
2021 - 2022
FASTEST GROWING ORIGIN $12.1MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.73M in Photo Lab Equipment, making it the 30th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 477th most exported product in Philippines. The main destination of Photo Lab Equipment exports from Philippines are: Japan ($1.48M), China ($504k), South Korea ($208k), Malaysia ($188k), and Singapore ($163k).

The fastest growing export markets for Photo Lab Equipment of Philippines between 2021 and 2022 were China ($411k), India ($29.5k), and Jordan ($9.67k).

Imports In 2022, Philippines imported $125M in Photo Lab Equipment, becoming the 5th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 226th most imported product in Philippines. Philippines imports Photo Lab Equipment primarily from: Japan ($68.4M), Vietnam ($24.6M), Hong Kong ($10.3M), South Korea ($7.68M), and Malaysia ($3.34M).

The fastest growing import markets in Photo Lab Equipment for Philippines between 2021 and 2022 were Japan ($12.1M), Vietnam ($5.96M), and South Korea ($4.08M).

Latest Trends

March 2024

About

Overview In March 2024 Philippines' Photo Lab Equipment exports accounted up to $2.4k and imports accounted up to $38.4k, resulting in a negative trade balance of $36k. Between August 2019 and March 2024 the exports of Philippines'   Photo Lab Equipment have decreased by $-2.21M (-99.9%) from $2.21M to $2.4k, while imports decreased by $-713k (-94.9%) from $751k to $38.4k.

Destinations In March 2024, Photo Lab Equipment were exported mostly to , and were imported mostly from China ($12.2k), Thailand ($7.53k), United States ($5.69k), India ($5.32k), and Austria ($4.8k).

Growth In March 2024, the decrease in Photo Lab Equipment's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the decrease in Photo Lab Equipment's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-547k or -31.4%), Hong Kong ($-19.2k or -17.2%), and Japan ($-9.97k or -18.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2019 - March 2024)$-2.21M(-99.9%)
IMPORT GROWTH (September 2023 - September 2024)$-713k(-94.9%)
MAIN DESTINATION (March 2024)

This section shows Photo Lab Equipment'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 Photo Lab Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.73M
IMPORTS (2022)$125M
NET TRADE (2022)-$122M

In 2022, Philippines exported $2.73M in Photo Lab Equipment. The main destinations of Philippines exports on Photo Lab Equipment were Japan ($1.48M), China ($504k), South Korea ($208k), Malaysia ($188k), and Singapore ($163k).

In 2022, Philippines imported $125M in Photo Lab Equipment, mainly from Japan ($68.4M), Vietnam ($24.6M), Hong Kong ($10.3M), South Korea ($7.68M), and Malaysia ($3.34M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$411k (444%)
India$29.5k (1%)
Jordan$9.67k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY Philippines WERE (2021 - 2022):
Malaysia-$3.13M (-94.3%)
Japan-$2.3M (-60.8%)
Singapore-$1.65M (-91%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Photo Lab Equipment were:
Netherlands $7.53B
Singapore $2.56B
Chinese Taipei $2.26B
In 2022, Philippines's main importing competitors in Photo Lab Equipment were:
Chinese Taipei $14.6B
China $819M
Singapore $559M

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Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.74k
TOP IMPORT POTENTIALChina+ $252k

Photo Lab Equipment’s highest export potential is United States. With an export gap of $7.74k.   Photo Lab Equipment’s highest import potential is China with an import gap of $252k.

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