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2023
Exports $5.29MWorld Rnk 52 / 189
Flag Rnk 390 / 1123
2023
Destination $243k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $243kAustria
2023
PRODUCT COMPLEXITY IN Batteries0.58Rnk 335 / 1025
2023
Imports $110MWorld Rnk 23 / 223
Flag Rnk 194 / 1202
2023
Origin $26.2M Vietnam
2022 - 2023
FASTEST GROWING ORIGIN $26.2MVietnam
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $5.29M in Batteries, making it the 52nd largest exporter of Batteries in the world. At the same year, Batteries was the 390th most exported product in Philippines. The main destination of Batteries exports from Philippines are: Hong Kong ($768k), Malaysia ($755k), Austria ($516k), Thailand ($431k), and United States ($409k).

The fastest growing export markets for Batteries of Philippines between 2022 and 2023 were Austria ($243k), Hong Kong ($118k), and Vietnam ($101k).

Imports In 2023, Philippines imported $110M in Batteries, becoming the 23rd largest importer of Batteries in the world. At the same year, Batteries was the 194th most imported product in Philippines. Philippines imports Batteries primarily from: Vietnam ($34M), Singapore ($20.1M), Indonesia ($15.1M), Hong Kong ($13.3M), and China ($10.6M).

The fastest growing import markets in Batteries for Philippines between 2022 and 2023 were Vietnam ($26.2M), Hong Kong ($6.63M), and China ($2.41M).

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

July 2024

About

Overview In July 2024 Philippines' Batteries exports accounted up to $4.64M and imports accounted up to $12.4M, resulting in a negative trade balance of $7.73M. Between July 2023 and July 2024 the exports of Philippines'   Batteries have decreased by $-733k (-13.6%) from $5.38M to $4.64M, while imports increased by $3.88M (45.7%) from $8.49M to $12.4M.

Destinations In July 2024, Batteries were exported mostly to Austria ($4.53M), Singapore ($46.8k), India ($24.9k), Thailand ($19.9k), and United Arab Emirates ($19.6k), and were imported mostly from Vietnam ($4.67M), Singapore ($2.31M), Indonesia ($2.31M), China ($1.62M), and Hong Kong ($743k).

Growth In July 2024, the decrease in Batteries's year-by-year exports was explained primarily by a decrease in exports to . In July 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 (July 2023 - July 2024)$-733k(-13.6%)
IMPORT GROWTH (July 2023 - July 2024)$3.88M(45.7%)
MAIN DESTINATION (July 2024)Austria$4.53M

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 (2023)$5.29M
IMPORTS (2023)$110M
NET TRADE (2023)-$104M

In 2023, Philippines exported $5.29M in Batteries. The main destinations of Philippines exports on Batteries were Hong Kong ($768k), Malaysia ($755k), Austria ($516k), Thailand ($431k), and United States ($409k).

In 2023, Philippines imported $110M in Batteries, mainly from Vietnam ($34M), Singapore ($20.1M), Indonesia ($15.1M), Hong Kong ($13.3M), and China ($10.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Batteries EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Austria$243k (88.7%)
Hong Kong$118k (18.1%)
Vietnam$101k (42.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY Philippines WERE (2022 - 2023):
United States-$3.93M (-90.6%)
Malaysia-$1.1M (-59.2%)
Burma-$302k (-99.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Batteries were:
China $3.11B
United States $849M
Germany $782M
In 2023, Philippines's main importing competitors in Batteries were:
United States $1.24B
Germany $662M
Mexico $413M

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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.

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