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2022
Exports $104MWorld Rnk 31 / 212
Flag Rnk 110 / 1127
2022
Destination $8.31M United States
2021 - 2022
FASTEST GROWING MARKET $8.31MUnited States
2022
PRODUCT COMPLEXITY IN Audio Alarms0.59Rnk 325 / 1025
2022
Imports $105MWorld Rnk 37 / 224
Flag Rnk 253 / 1201
2022
Origin $9.38M China
2021 - 2022
FASTEST GROWING ORIGIN $9.38MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $104M in Audio Alarms, making it the 31st largest exporter of Audio Alarms in the world. At the same year, Audio Alarms was the 110th most exported product in Philippines. The main destination of Audio Alarms exports from Philippines are: United States ($29.1M), Japan ($15M), Hong Kong ($12.2M), Germany ($10.3M), and China ($5.82M).

The fastest growing export markets for Audio Alarms of Philippines between 2021 and 2022 were United States ($8.31M), Thailand ($2.46M), and Japan ($1.25M).

Imports In 2022, Philippines imported $105M in Audio Alarms, becoming the 37th largest importer of Audio Alarms in the world. At the same year, Audio Alarms was the 253rd most imported product in Philippines. Philippines imports Audio Alarms primarily from: China ($27.7M), Hong Kong ($23.1M), Japan ($15.5M), Thailand ($7.51M), and Chinese Taipei ($7.03M).

The fastest growing import markets in Audio Alarms for Philippines between 2021 and 2022 were China ($9.38M), Hong Kong ($6.88M), and Malaysia ($3.08M).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Audio Alarms exports accounted up to $5.85M and imports accounted up to $5.44M, resulting in a positive trade balance of $411k. Between October 2023 and October 2024 the exports of Philippines'   Audio Alarms have increased by $994k (20.5%) from $4.86M to $5.85M, while imports increased by $490k (9.9%) from $4.95M to $5.44M.

Destinations In October 2024, Audio Alarms were exported mostly to Japan ($3.1M), Hong Kong ($1.82M), South Korea ($208k), China ($172k), and Thailand ($156k), and were imported mostly from China ($1.29M), Hong Kong ($1.09M), United States ($897k), Chinese Taipei ($301k), and Mexico ($264k).

Growth In October 2024, the increase in Audio Alarms's year-by-year exports was explained primarily by an increase in exports to Japan ($297k or 4.62%), Thailand ($152k or 2.21k%), and Malaysia ($135k or 817%). In October 2024, the increase in Audio Alarms's year-by-year imports was explained primarily by an increase in imports from South Korea ($743k or 130%), Chinese Taipei ($204k or 73.8%), and Singapore ($169k or 90.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$994k(20.5%)
IMPORT GROWTH (October 2023 - October 2024)$490k(9.9%)
MAIN DESTINATION (October 2024)Japan$3.1M

This section shows Audio Alarms'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 Audio Alarms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$104M
IMPORTS (2022)$105M
NET TRADE (2022)-$811k

In 2022, Philippines exported $104M in Audio Alarms. The main destinations of Philippines exports on Audio Alarms were United States ($29.1M), Japan ($15M), Hong Kong ($12.2M), Germany ($10.3M), and China ($5.82M).

In 2022, Philippines imported $105M in Audio Alarms, mainly from China ($27.7M), Hong Kong ($23.1M), Japan ($15.5M), Thailand ($7.51M), and Chinese Taipei ($7.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Audio Alarms EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$8.31M (40%)
Thailand$2.46M (167%)
Japan$1.25M (9.13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Audio Alarms BY Philippines WERE (2021 - 2022):
Hong Kong-$2.07M (-14.5%)
South Korea-$1.44M (-36.3%)
Israel-$919k (-62.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Audio Alarms were:
China $6.66B
United States $1.71B
Germany $1.12B
In 2022, Philippines's main importing competitors in Audio Alarms were:
United States $3.33B
Germany $1.58B
Netherlands $1.09B

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Trade Value of Audio Alarms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.2M
TOP IMPORT POTENTIALChina+ $13.9M

Audio Alarms’s highest export potential is United States. With an export gap of $12.2M.   Audio Alarms’s highest import potential is China with an import gap of $13.9M.

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