Sound Recording Equipment in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $6.57M in Sound Recording Equipment, making it the 32nd largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 385th most exported product in Philippines. The main destination of Sound Recording Equipment exports from Philippines are: Singapore ($6.23M), United States ($268k), Japan ($13.6k), China ($13.5k), and Canada ($10.6k).

The fastest growing export markets for Sound Recording Equipment of Philippines between 2021 and 2022 were Singapore ($6.21M), United States ($258k), and Japan ($13.3k).

Imports In 2022, Philippines imported $9.55M in Sound Recording Equipment, becoming the 46th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 724th most imported product in Philippines. Philippines imports Sound Recording Equipment primarily from: China ($4.26M), Japan ($2.46M), Singapore ($1.35M), United States ($585k), and United Kingdom ($215k).

The fastest growing import markets in Sound Recording Equipment for Philippines between 2021 and 2022 were China ($3.92M), Singapore ($1.32M), and Japan ($812k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Sound Recording Equipment from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Sound Recording Equipment exports accounted up to $10k and imports accounted up to $896k, resulting in a negative trade balance of $886k. Between August 2020 and August 2021 the exports of Philippines' Sound Recording Equipment have decreased by $-930 (-8.51%) from $10.9k to $10k, while imports decreased by $-462k (-34%) from $1.36M to $896k.

Destinations In August 2021, Sound Recording Equipment were exported mostly to Japan ($7.45k), United States ($1.65k), Singapore ($600), and Canada ($300), and were imported mostly from Vietnam ($680k), China ($76.3k), Japan ($39.2k), Hong Kong ($26.6k), and South Korea ($20k).

Growth In August 2021, the decrease in Sound Recording Equipment's year-by-year exports was explained primarily by a decrease in exports to N/A. In August 2021, the decrease in Sound Recording Equipment's year-by-year imports was explained primarily by a decrease in imports from China ($-62k or -74.3%), Australia ($-31.3k or -94.2%), and United States ($-27.8k or -55.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-930(-8.51%)

IMPORT GROWTH (August 2020 - August 2021)$-462k(-34%)

MAIN DESTINATION (August 2021)Japan$7.45k

This section shows Sound Recording 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 Sound Recording Equipment over time.

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