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2022
Exports $13.6MWorld Rnk 35 / 147
Flag Rnk 299 / 1127
2022
Destination $207k Japan
2021 - 2022
FASTEST GROWING MARKET $207kUnited States
2022
PRODUCT COMPLEXITY IN Steam Boilers0.25Rnk 469 / 1025
2022
Imports $42.2MWorld Rnk 24 / 208
Flag Rnk 415 / 1201
2022
Origin $11.6M China
2021 - 2022
FASTEST GROWING ORIGIN $11.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $13.6M in Steam Boilers, making it the 35th largest exporter of Steam Boilers in the world. At the same year, Steam Boilers was the 299th most exported product in Philippines. The main destination of Steam Boilers exports from Philippines are: Japan ($12.5M), United States ($207k), Vietnam ($185k), China ($147k), and Indonesia ($99.3k).

The fastest growing export markets for Steam Boilers of Philippines between 2021 and 2022 were United States ($207k), China ($139k), and Indonesia ($99.3k).

Imports In 2022, Philippines imported $42.2M in Steam Boilers, becoming the 24th largest importer of Steam Boilers in the world. At the same year, Steam Boilers was the 415th most imported product in Philippines. Philippines imports Steam Boilers primarily from: China ($19.7M), Japan ($7.93M), South Korea ($3.96M), India ($3.67M), and South Africa ($1.39M).

The fastest growing import markets in Steam Boilers for Philippines between 2021 and 2022 were China ($11.6M), Japan ($5.64M), and South Korea ($3.08M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Steam Boilers exports accounted up to $59.4k and imports accounted up to $1.41M, resulting in a negative trade balance of $1.35M. Between March 2023 and June 2024 the exports of Philippines'   Steam Boilers have decreased by $-21.9k (-27%) from $81.3k to $59.4k, while imports increased by $32.9k (2.39%) from $1.38M to $1.41M.

Destinations In June 2024, Steam Boilers were exported mostly to Finland ($27.6k), Austria ($25.4k), Malaysia ($4.09k), and Thailand ($2.25k), and were imported mostly from India ($851k), South Africa ($338k), Chinese Taipei ($106k), Japan ($49.8k), and South Korea ($12.3k).

Growth In June 2024, the decrease in Steam Boilers's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Steam Boilers's year-by-year imports was explained primarily by an increase in imports from United States ($276k or 4.67k%), China ($141k or 10.9%), and Japan ($102k or 232%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - June 2024)$-21.9k(-27%)
IMPORT GROWTH (June 2023 - June 2024)$32.9k(2.39%)
MAIN DESTINATION (June 2024)Finland$27.6k

This section shows Steam Boilers'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 Steam Boilers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.6M
IMPORTS (2022)$42.2M
NET TRADE (2022)-$28.6M

In 2022, Philippines exported $13.6M in Steam Boilers. The main destinations of Philippines exports on Steam Boilers were Japan ($12.5M), United States ($207k), Vietnam ($185k), China ($147k), and Indonesia ($99.3k).

In 2022, Philippines imported $42.2M in Steam Boilers, mainly from China ($19.7M), Japan ($7.93M), South Korea ($3.96M), India ($3.67M), and South Africa ($1.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Boilers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$207k (1%)
China$139k (1.66k%)
Indonesia$99.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Boilers BY Philippines WERE (2021 - 2022):
Japan-$4.5M (-26.4%)
Singapore-$315k (-99%)
Russia-$245k (-95.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Steam Boilers were:
China $1.29B
South Korea $429M
Finland $232M
In 2022, Philippines's main importing competitors in Steam Boilers were:
Indonesia $427M
Brazil $261M
Bangladesh $218M

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Trade Value of Steam Boilers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $283k
TOP IMPORT POTENTIALChina+ $3.46M

Steam Boilers’s highest export potential is Indonesia. With an export gap of $283k.   Steam Boilers’s highest import potential is China with an import gap of $3.46M.

See methodology.

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