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2022
Exports $22.9MWorld Rnk 14 / 133
Flag Rnk 243 / 1127
2022
Destination $2.98M Japan
2021 - 2022
FASTEST GROWING MARKET $2.98MNetherlands
2022
PRODUCT COMPLEXITY IN Audio and Video Recording Accessories0.98Rnk 178 / 1025
2022
Imports $32.6MWorld Rnk 12 / 199
Flag Rnk 477 / 1201
2022
Origin $294k China
2021 - 2022
FASTEST GROWING ORIGIN $294kMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $22.9M in Audio and Video Recording Accessories, making it the 14th largest exporter of Audio and Video Recording Accessories in the world. At the same year, Audio and Video Recording Accessories was the 243rd most exported product in Philippines. The main destination of Audio and Video Recording Accessories exports from Philippines are: Japan ($13.2M), Thailand ($4.04M), Netherlands ($3.61M), China ($777k), and Hong Kong ($506k).

The fastest growing export markets for Audio and Video Recording Accessories of Philippines between 2021 and 2022 were Netherlands ($2.98M), Thailand ($885k), and Germany ($416k).

Imports In 2022, Philippines imported $32.6M in Audio and Video Recording Accessories, becoming the 12th largest importer of Audio and Video Recording Accessories in the world. At the same year, Audio and Video Recording Accessories was the 477th most imported product in Philippines. Philippines imports Audio and Video Recording Accessories primarily from: China ($27.1M), Japan ($1.78M), Singapore ($1.06M), Vietnam ($628k), and Hong Kong ($511k).

The fastest growing import markets in Audio and Video Recording Accessories for Philippines between 2021 and 2022 were Malaysia ($294k), Vietnam ($270k), and China ($244k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Audio and Video Recording Accessories exports accounted up to $17.7k and imports accounted up to $1.82M, resulting in a negative trade balance of $1.8M. Between August 2023 and August 2024 the exports of Philippines'   Audio and Video Recording Accessories have increased by $15.7k (805%) from $1.95k to $17.7k, while imports decreased by $-42.9k (-2.31%) from $1.86M to $1.82M.

Destinations In August 2024, Audio and Video Recording Accessories were exported mostly to Australia ($8.75k), Singapore ($8.35k), and Japan ($594), and were imported mostly from China ($1.01M), Vietnam ($544k), Japan ($169k), Malaysia ($52.6k), and Hong Kong ($19k).

Growth In August 2024, the increase in Audio and Video Recording Accessories's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Audio and Video Recording Accessories's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-40.3k or -93.5%), China ($-3.17k or -1.25%), and Hong Kong ($-553 or -2.25%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$15.7k(805%)
IMPORT GROWTH (August 2023 - August 2024)$-42.9k(-2.31%)
MAIN DESTINATION (August 2024)Australia$8.75k

This section shows Audio and Video Recording Accessories'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 and Video Recording Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.9M
IMPORTS (2022)$32.6M
NET TRADE (2022)-$9.66M

In 2022, Philippines exported $22.9M in Audio and Video Recording Accessories. The main destinations of Philippines exports on Audio and Video Recording Accessories were Japan ($13.2M), Thailand ($4.04M), Netherlands ($3.61M), China ($777k), and Hong Kong ($506k).

In 2022, Philippines imported $32.6M in Audio and Video Recording Accessories, mainly from China ($27.1M), Japan ($1.78M), Singapore ($1.06M), Vietnam ($628k), and Hong Kong ($511k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Audio and Video Recording Accessories EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$2.98M (474%)
Thailand$885k (28%)
Germany$416k (1.45k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Audio and Video Recording Accessories BY Philippines WERE (2021 - 2022):
Japan-$2.58M (-16.4%)
France-$1.07M (-99.2%)
Malaysia-$372k (-65.1%)
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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 and Video Recording Accessories were:
China $680M
United States $210M
Indonesia $168M
In 2022, Philippines's main importing competitors in Audio and Video Recording Accessories were:
Hong Kong $297M
Singapore $191M
China $153M

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Trade Value of Audio and Video Recording Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.54M
TOP IMPORT POTENTIALJapan+ $481k

Audio and Video Recording Accessories’s highest export potential is China. With an export gap of $1.54M.   Audio and Video Recording Accessories’s highest import potential is Japan with an import gap of $481k.

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