Valves in   Philippines

Overview In July 2024 Philippines' Valves exports accounted up to $1.19M and imports accounted up to $36M, resulting in a negative trade balance of $34.8M. Between July 2023 and July 2024 the exports of Philippines'   Valves have decreased by $-376k (-24.1%) from $1.56M to $1.19M, while imports increased by $12.7M (54.3%) from $23.3M to $36M.

Destinations In July 2024, Valves were exported mostly to Japan ($518k), Australia ($323k), Malaysia ($137k), South Korea ($101k), and Indonesia ($41.9k), and were imported mostly from China ($11.8M), United States ($7.76M), Japan ($3.39M), Singapore ($1.98M), and Germany ($1.84M).

Growth In July 2024, the decrease in Valves's year-by-year exports was explained primarily by a decrease in exports to Japan ($-124k or -11.7%), Indonesia ($-51.3k or -95.6%), and South Korea ($-3.53k or -5.28%). In July 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from United States ($4.41M or 466%), Japan ($1.27M or 65.9%), and United Kingdom ($985k or 712%).