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2023
Exports $526kWorld Rnk 68 / 203
Flag Rnk 650 / 1123
2023
Destination $284k China
2022 - 2023
FASTEST GROWING MARKET $284kChina
2023
PRODUCT COMPLEXITY IN Vacuum Cleaners1.04Rnk 164 / 1025
2023
Imports $35.2MWorld Rnk 59 / 225
Flag Rnk 403 / 1202
2023
Origin $143k China
2022 - 2023
FASTEST GROWING ORIGIN $143kAustralia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $526k in Vacuum Cleaners, making it the 68th largest exporter of Vacuum Cleaners in the world. At the same year, Vacuum Cleaners was the 650th most exported product in Philippines. The main destination of Vacuum Cleaners exports from Philippines are: China ($307k), Indonesia ($65.3k), Singapore ($35.1k), Japan ($33.8k), and Germany ($15.7k).

The fastest growing export markets for Vacuum Cleaners of Philippines between 2022 and 2023 were China ($284k), Indonesia ($63.4k), and Japan ($24.3k).

Imports In 2023, Philippines imported $35.2M in Vacuum Cleaners, becoming the 59th largest importer of Vacuum Cleaners in the world. At the same year, Vacuum Cleaners was the 403rd most imported product in Philippines. Philippines imports Vacuum Cleaners primarily from: China ($25.7M), Thailand ($2.95M), Japan ($1.77M), Malaysia ($1.38M), and Germany ($518k).

The fastest growing import markets in Vacuum Cleaners for Philippines between 2022 and 2023 were Australia ($143k), Hungary ($104k), and Mexico ($101k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Vacuum Cleaners exports accounted up to $52.4k and imports accounted up to $5.4M, resulting in a negative trade balance of $5.35M. Between July 2023 and July 2024 the exports of Philippines'   Vacuum Cleaners have decreased by $-4.6M (-98.9%) from $4.65M to $52.4k, while imports increased by $512k (10.5%) from $4.89M to $5.4M.

Destinations In July 2024, Vacuum Cleaners were exported mostly to Malaysia ($38.3k), Japan ($9.43k), India ($2.68k), and Indonesia ($1.96k), and were imported mostly from Malaysia ($2.46M), China ($1.67M), Germany ($744k), United States ($173k), and Japan ($113k).

Growth In July 2024, the decrease in Vacuum Cleaners's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Vacuum Cleaners's year-by-year imports was explained primarily by an increase in imports from Malaysia ($280k or 70.6%), China ($260k or 64.2%), and Japan ($7.55k or 19.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-4.6M(-98.9%)
IMPORT GROWTH (July 2023 - July 2024)$512k(10.5%)
MAIN DESTINATION (July 2024)Malaysia$38.3k

This section shows Vacuum Cleaners'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 Vacuum Cleaners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$526k
IMPORTS (2023)$35.2M
NET TRADE (2023)-$34.7M

In 2023, Philippines exported $526k in Vacuum Cleaners. The main destinations of Philippines exports on Vacuum Cleaners were China ($307k), Indonesia ($65.3k), Singapore ($35.1k), Japan ($33.8k), and Germany ($15.7k).

In 2023, Philippines imported $35.2M in Vacuum Cleaners, mainly from China ($25.7M), Thailand ($2.95M), Japan ($1.77M), Malaysia ($1.38M), and Germany ($518k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vacuum Cleaners EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$284k (1.24k%)
Indonesia$63.4k (3.34k%)
Japan$24.3k (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vacuum Cleaners BY Philippines WERE (2022 - 2023):
Malaysia-$25.2k (-92.1%)
India-$19k (-92.3%)
Netherlands-$3.89k (-99.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Vacuum Cleaners were:
China $10B
Germany $2.13B
Vietnam $1.62B
In 2023, Philippines's main importing competitors in Vacuum Cleaners were:
United States $5.23B
Germany $2.02B
France $912M

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Trade Value of Vacuum Cleaners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.2M
TOP IMPORT POTENTIALChina+ $13.6M

Vacuum Cleaners’s highest export potential is United States. With an export gap of $52.2M.   Vacuum Cleaners’s highest import potential is China with an import gap of $13.6M.

See methodology.

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