Air Conditioners in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $97M in Air Conditioners, making it the 36th largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 120th most exported product in Philippines. The main destination of Air Conditioners exports from Philippines are: Hong Kong ($42.9M), Chinese Taipei ($11.5M), China ($11M), United States ($9.64M), and Japan ($6.49M).

The fastest growing export markets for Air Conditioners of Philippines between 2021 and 2022 were Chinese Taipei ($7.83M), China ($4.73M), and Hong Kong ($4M).

Imports In 2022, Philippines imported $542M in Air Conditioners, becoming the 33rd largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 69th most imported product in Philippines. Philippines imports Air Conditioners primarily from: China ($233M), Thailand ($160M), Malaysia ($77.9M), South Korea ($14.2M), and Japan ($13.3M).

The fastest growing import markets in Air Conditioners for Philippines between 2021 and 2022 were Malaysia ($46.6M), China ($44.2M), and Thailand ($18.8M).

COMPANIES In 2022, leading companies such as Euromarket Designs (2) and Panasonic (2) were at the forefront of shipping Air Conditioners from Philippines to the United States.

Latest Trends

December 2022

About

Overview In December 2022 Philippines' Air Conditioners exports accounted up to $3.78M and imports accounted up to $34.9M, resulting in a negative trade balance of $31.1M. Between December 2021 and December 2022 the exports of Philippines' Air Conditioners have decreased by $-5.23M (-58.1%) from $9.01M to $3.78M, while imports increased by $749k (2.19%) from $34.2M to $34.9M.

Destinations In December 2022, Air Conditioners were exported mostly to Hong Kong ($1.79M), Chinese Taipei ($744k), Japan ($630k), United States ($442k), and Thailand ($51k), and were imported mostly from Thailand ($15M), China ($9.4M), Malaysia ($6.32M), South Korea ($926k), and Japan ($850k).

Growth In December 2022, the decrease in Air Conditioners's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.02M or -21.4%), China ($-860k or -66.1%), and Hong Kong ($-144k or -5.93%). In December 2022, the increase in Air Conditioners's year-by-year imports was explained primarily by an increase in imports from Thailand ($4.4M or 39.5%), China ($982k or 8.81%), and Chinese Taipei ($655k or 395%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2021 - December 2022)$-5.23M(-58.1%)

IMPORT GROWTH (December 2021 - December 2022)$749k(2.19%)

MAIN DESTINATION (December 2022)Hong Kong$1.79M

This section shows Air Conditioners'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 Air Conditioners over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$97M

IMPORTS (2022)$542M

NET TRADE (2022)-$445M

In 2022, Philippines exported $97M in Air Conditioners. The main destinations of Philippines exports on Air Conditioners were Hong Kong ($42.9M), Chinese Taipei ($11.5M), China ($11M), United States ($9.64M), and Japan ($6.49M).

In 2022, Philippines imported $542M in Air Conditioners, mainly from China ($233M), Thailand ($160M), Malaysia ($77.9M), South Korea ($14.2M), and Japan ($13.3M).

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