2023
Exports
$136MWorld Rnk 28 / 213
Flag Rnk 81 / 1123
2023
PRODUCT COMPLEXITY IN Telephones
0.76Rnk 264 / 1025
2023
Imports
$429MWorld Rnk 23 / 222
Flag Rnk 61 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $136M in Telephones, making it the 28th largest exporter of Telephones in the world. At the same year, Telephones was the 81st most exported product in Philippines. The main destination of Telephones exports from Philippines are: China ($41.9M), Hong Kong ($27.4M), South Korea ($15.3M), United States ($12.1M), and Mexico ($11.7M).

The fastest growing export markets for Telephones of Philippines between 2022 and 2023 were China ($32.8M), South Korea ($12.4M), and Mexico ($11.6M).

Imports In 2023, Philippines imported $429M in Telephones, becoming the 23rd largest importer of Telephones in the world. At the same year, Telephones was the 61st most imported product in Philippines. Philippines imports Telephones primarily from: China ($313M), Netherlands ($42.9M), Hong Kong ($14.5M), Singapore ($12.6M), and Mexico ($9.86M).

The fastest growing import markets in Telephones for Philippines between 2022 and 2023 were Netherlands ($15.1M), Vietnam ($1.07M), and Malaysia ($1.02M).

COMPANIES In 2023, leading companies such as HP Inc (78) were at the forefront of shipping Telephones from Philippines to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-8.08M(-9.5%)
IMPORT GROWTH (July 2023 - July 2024)$35.9M(20.8%)
MAIN DESTINATION (July 2024)United States$52.2M

This section shows Telephones'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 Telephones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$136M
IMPORTS (2023)$429M
NET TRADE (2023)-$292M

In 2023, Philippines exported $136M in Telephones. The main destinations of Philippines exports on Telephones were China ($41.9M), Hong Kong ($27.4M), South Korea ($15.3M), United States ($12.1M), and Mexico ($11.7M).

In 2023, Philippines imported $429M in Telephones, mainly from China ($313M), Netherlands ($42.9M), Hong Kong ($14.5M), Singapore ($12.6M), and Mexico ($9.86M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Telephones EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$32.8M (360%)
South Korea$12.4M (415%)
Mexico$11.6M (32.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Telephones BY Philippines WERE (2022 - 2023):
Vietnam-$6.1M (-55.9%)
Chinese Taipei-$5.48M (-57.9%)
Singapore-$3.23M (-67.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Telephones were:
In 2023, Philippines's main importing competitors in Telephones were:
India $10.3B
Vietnam $6.47B

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Trade Value of Telephones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $325M
TOP IMPORT POTENTIALChina+ $798M

Telephones’s highest export potential is United States. With an export gap of $325M.   Telephones’s highest import potential is China with an import gap of $798M.

See methodology.

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