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2022
Exports $225MWorld Rnk 26 / 214
Flag Rnk 55 / 1127
2022
Destination $17M Vietnam
2021 - 2022
FASTEST GROWING MARKET $17MChina
2022
PRODUCT COMPLEXITY IN Telephones0.51Rnk 360 / 1025
2022
Imports $795MWorld Rnk 22 / 222
Flag Rnk 35 / 1201
2022
Origin $134M China
2021 - 2022
FASTEST GROWING ORIGIN $134MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $225M in Telephones, making it the 26th largest exporter of Telephones in the world. At the same year, Telephones was the 55th most exported product in Philippines. The main destination of Telephones exports from Philippines are: Vietnam ($114M), China ($30M), Hong Kong ($18.7M), United States ($12.7M), and Chinese Taipei ($10.8M).

The fastest growing export markets for Telephones of Philippines between 2021 and 2022 were China ($17M), United States ($8.48M), and Chinese Taipei ($6.65M).

Imports In 2022, Philippines imported $795M in Telephones, becoming the 22nd largest importer of Telephones in the world. At the same year, Telephones was the 35th most imported product in Philippines. Philippines imports Telephones primarily from: China ($462M), South Korea ($152M), Singapore ($40.4M), Japan ($39.9M), and Hong Kong ($32.5M).

The fastest growing import markets in Telephones for Philippines between 2021 and 2022 were South Korea ($134M), Mexico ($15.4M), and Japan ($4.39M).

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

September 2024

About

Overview In September 2024 Philippines' Telephones exports accounted up to $74M and imports accounted up to $171M, resulting in a negative trade balance of $97.2M. Between September 2023 and September 2024 the exports of Philippines'   Telephones have decreased by $-32M (-30.2%) from $106M to $74M, while imports increased by $19.3M (12.7%) from $152M to $171M.

Destinations In September 2024, Telephones were exported mostly to United States ($45.3M), India ($3.68M), United Kingdom ($3.42M), Malaysia ($3.38M), and Italy ($2.3M), and were imported mostly from China ($116M), Vietnam ($18.3M), Indonesia ($7.45M), United States ($6.27M), and Hong Kong ($4.15M).

Growth In September 2024, the decrease in Telephones's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-21.4M or -81.8%), United States ($-5.25M or -7.47%), and China ($-4.12M or -94.6%). In September 2024, the increase in Telephones's year-by-year imports was explained primarily by an increase in imports from Singapore ($35.3M or 83.9%), Indonesia ($5.71M or 266%), and Israel ($5.53M or 2.6k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-32M(-30.2%)
IMPORT GROWTH (September 2023 - September 2024)$19.3M(12.7%)
MAIN DESTINATION (September 2024)United States$45.3M

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 (2022)$225M
IMPORTS (2022)$795M
NET TRADE (2022)-$570M

In 2022, Philippines exported $225M in Telephones. The main destinations of Philippines exports on Telephones were Vietnam ($114M), China ($30M), Hong Kong ($18.7M), United States ($12.7M), and Chinese Taipei ($10.8M).

In 2022, Philippines imported $795M in Telephones, mainly from China ($462M), South Korea ($152M), Singapore ($40.4M), Japan ($39.9M), and Hong Kong ($32.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Telephones EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$17M (130%)
United States$8.48M (200%)
Chinese Taipei$6.65M (159%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Telephones BY Philippines WERE (2021 - 2022):
Vietnam-$176M (-60.7%)
Malaysia-$8.35M (-47.2%)
Thailand-$6.09M (-86%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Telephones were:
China $42.8B
Vietnam $24.4B
South Korea $3.88B
In 2022, Philippines's main importing competitors in Telephones were:
China $21.3B
Hong Kong $10.9B
Vietnam $9.43B

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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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