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2022
Exports $207MWorld Rnk 26 / 214
Flag Rnk 59 / 1127
2022
Destination $12.6M Thailand
2021 - 2022
FASTEST GROWING MARKET $12.6MThailand
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $92.1MWorld Rnk 45 / 223
Flag Rnk 287 / 1201
2022
Origin $4.82M Japan
2021 - 2022
FASTEST GROWING ORIGIN $4.82MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $207M in Thermostats, making it the 26th largest exporter of Thermostats in the world. At the same year, Thermostats was the 59th most exported product in Philippines. The main destination of Thermostats exports from Philippines are: Thailand ($53.4M), Germany ($45.6M), Japan ($45.1M), China ($11.1M), and Chinese Taipei ($9.12M).

The fastest growing export markets for Thermostats of Philippines between 2021 and 2022 were Thailand ($12.6M), Chinese Taipei ($7.87M), and United Kingdom ($3.44M).

Imports In 2022, Philippines imported $92.1M in Thermostats, becoming the 45th largest importer of Thermostats in the world. At the same year, Thermostats was the 287th most imported product in Philippines. Philippines imports Thermostats primarily from: Japan ($20.6M), Malaysia ($16.1M), China ($15.8M), United States ($8.63M), and Thailand ($7.13M).

The fastest growing import markets in Thermostats for Philippines between 2021 and 2022 were Malaysia ($4.82M), Thailand ($1.55M), and China ($1.26M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Thermostats exports accounted up to $7.76M and imports accounted up to $3.33M, resulting in a positive trade balance of $4.43M. Between September 2023 and September 2024 the exports of Philippines'   Thermostats have increased by $1.44M (22.8%) from $6.32M to $7.76M, while imports decreased by $-1.65M (-33.2%) from $4.99M to $3.33M.

Destinations In September 2024, Thermostats were exported mostly to Japan ($2.8M), Thailand ($1.63M), United States ($895k), Chinese Taipei ($606k), and Indonesia ($399k), and were imported mostly from Japan ($566k), China ($555k), United States ($379k), United Kingdom ($338k), and Singapore ($248k).

Growth In September 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to Thailand ($1.41M or 875%), Japan ($860k or 83.8%), and United States ($526k or 97.8%). In September 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.12M or -72.4%), France ($-178k or -95.6%), and Singapore ($-115k or -44.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.44M(22.8%)
IMPORT GROWTH (September 2023 - September 2024)$-1.65M(-33.2%)
MAIN DESTINATION (September 2024)Japan$2.8M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$207M
IMPORTS (2022)$92.1M
NET TRADE (2022)$115M

In 2022, Philippines exported $207M in Thermostats. The main destinations of Philippines exports on Thermostats were Thailand ($53.4M), Germany ($45.6M), Japan ($45.1M), China ($11.1M), and Chinese Taipei ($9.12M).

In 2022, Philippines imported $92.1M in Thermostats, mainly from Japan ($20.6M), Malaysia ($16.1M), China ($15.8M), United States ($8.63M), and Thailand ($7.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$12.6M (31%)
Chinese Taipei$7.87M (628%)
United Kingdom$3.44M (2.96k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Philippines WERE (2021 - 2022):
Japan-$39.2M (-46.5%)
Germany-$6.27M (-12.1%)
Belgium-$1.36M (-98.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Philippines's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.5M
TOP IMPORT POTENTIALChina+ $13M

Thermostats’s highest export potential is China. With an export gap of $27.5M.   Thermostats’s highest import potential is China with an import gap of $13M.

See methodology.

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