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2022
Exports $16MWorld Rnk 37 / 190
Flag Rnk 289 / 1127
2022
Destination $4.09M Austria
2021 - 2022
FASTEST GROWING MARKET $4.09MUnited States
2022
PRODUCT COMPLEXITY IN Batteries0.69Rnk 280 / 1025
2022
Imports $78.4MWorld Rnk 31 / 225
Flag Rnk 315 / 1201
2022
Origin $8.81M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $8.81MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $16M in Batteries, making it the 37th largest exporter of Batteries in the world. At the same year, Batteries was the 289th most exported product in Philippines. The main destination of Batteries exports from Philippines are: Austria ($4.4M), United States ($4.37M), Malaysia ($1.85M), Singapore ($1.06M), and France ($745k).

The fastest growing export markets for Batteries of Philippines between 2021 and 2022 were United States ($4.09M), Malaysia ($1.73M), and Singapore ($999k).

Imports In 2022, Philippines imported $78.4M in Batteries, becoming the 31st largest importer of Batteries in the world. At the same year, Batteries was the 315th most imported product in Philippines. Philippines imports Batteries primarily from: Indonesia ($23.3M), Singapore ($19.4M), China ($11.8M), Vietnam ($8.91M), and Hong Kong ($6.64M).

The fastest growing import markets in Batteries for Philippines between 2021 and 2022 were Vietnam ($8.81M), Indonesia ($7.57M), and Malaysia ($3.13M).

COMPANIES In 2023, leading companies such as Stihl (51), Motorola (7), and Panasonic (2) were at the forefront of shipping Batteries from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Batteries exports accounted up to $4.42M and imports accounted up to $7.45M, resulting in a negative trade balance of $3.03M. Between October 2023 and October 2024 the exports of Philippines'   Batteries have decreased by $-2.57M (-36.7%) from $6.99M to $4.42M, while imports increased by $227k (3.15%) from $7.22M to $7.45M.

Destinations In October 2024, Batteries were exported mostly to Austria ($3.66M), United States ($653k), Canada ($101k), United Arab Emirates ($2.5k), and Singapore ($2.26k), and were imported mostly from Vietnam ($2.63M), Indonesia ($1.82M), China ($984k), Hong Kong ($501k), and Malaysia ($414k).

Growth In October 2024, the decrease in Batteries's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Batteries's year-by-year imports was explained primarily by an increase in imports from Vietnam ($2.28M or 8.95k%), China ($1.39M or 200%), and Hong Kong ($1.05M or 223%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-2.57M(-36.7%)
IMPORT GROWTH (October 2023 - October 2024)$227k(3.15%)
MAIN DESTINATION (October 2024)Austria$3.66M

This section shows Batteries'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 Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16M
IMPORTS (2022)$78.4M
NET TRADE (2022)-$62.4M

In 2022, Philippines exported $16M in Batteries. The main destinations of Philippines exports on Batteries were Austria ($4.4M), United States ($4.37M), Malaysia ($1.85M), Singapore ($1.06M), and France ($745k).

In 2022, Philippines imported $78.4M in Batteries, mainly from Indonesia ($23.3M), Singapore ($19.4M), China ($11.8M), Vietnam ($8.91M), and Hong Kong ($6.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Batteries EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$4.09M (1.48k%)
Malaysia$1.73M (1.42k%)
Singapore$999k (1.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY Philippines WERE (2021 - 2022):
Burma-$238k (-84.2%)
Indonesia-$206k (-65.9%)
Vietnam-$61.6k (-20.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Batteries were:
China $2.92B
United States $821M
Singapore $739M
In 2022, Philippines's main importing competitors in Batteries were:
United States $1.23B
Germany $705M
China $386M

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Trade Value of Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $764k
TOP IMPORT POTENTIALChina+ $7.77M

Batteries’s highest export potential is United States. With an export gap of $764k.   Batteries’s highest import potential is China with an import gap of $7.77M.

See methodology.

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