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2022
Exports $30MWorld Rnk 13 / 154
Flag Rnk 216 / 1127
2022
Destination $6.07M United States
2021 - 2022
FASTEST GROWING MARKET $6.07MUnited States
2022
PRODUCT COMPLEXITY IN Binoculars and Telescopes0.32Rnk 438 / 1025
2022
Imports $14MWorld Rnk 28 / 209
Flag Rnk 656 / 1201
2022
Origin $2.47M Hong Kong
2021 - 2022
FASTEST GROWING ORIGIN $2.47MIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $30M in Binoculars and Telescopes, making it the 13th largest exporter of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 216th most exported product in Philippines. The main destination of Binoculars and Telescopes exports from Philippines are: United States ($20.8M), Japan ($2.96M), Germany ($1.7M), Canada ($1.11M), and Hong Kong ($646k).

The fastest growing export markets for Binoculars and Telescopes of Philippines between 2021 and 2022 were United States ($6.07M), United Arab Emirates ($555k), and Japan ($343k).

Imports In 2022, Philippines imported $14M in Binoculars and Telescopes, becoming the 28th largest importer of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 656th most imported product in Philippines. Philippines imports Binoculars and Telescopes primarily from: Hong Kong ($6.48M), India ($2.48M), United States ($2.17M), China ($1.45M), and Japan ($751k).

The fastest growing import markets in Binoculars and Telescopes for Philippines between 2021 and 2022 were India ($2.47M), United States ($863k), and Russia ($120k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Binoculars and Telescopes exports accounted up to $1.66M and imports accounted up to $790k, resulting in a positive trade balance of $870k. Between September 2023 and September 2024 the exports of Philippines'   Binoculars and Telescopes have increased by $1.02M (159%) from $640k to $1.66M, while imports increased by $165k (26.5%) from $625k to $790k.

Destinations In September 2024, Binoculars and Telescopes were exported mostly to United States ($1.65M), Japan ($7.05k), and Hong Kong ($6.62k), and were imported mostly from China ($506k), United States ($147k), Japan ($84.3k), Hong Kong ($35.4k), and Chinese Taipei ($14.7k).

Growth In September 2024, the increase in Binoculars and Telescopes's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Binoculars and Telescopes's year-by-year imports was explained primarily by an increase in imports from Japan ($110k or 291%) and Singapore ($25.6k or 26.4k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.02M(159%)
IMPORT GROWTH (September 2023 - September 2024)$165k(26.5%)
MAIN DESTINATION (September 2024)United States$1.65M

This section shows Binoculars and Telescopes'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 Binoculars and Telescopes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30M
IMPORTS (2022)$14M
NET TRADE (2022)$16M

In 2022, Philippines exported $30M in Binoculars and Telescopes. The main destinations of Philippines exports on Binoculars and Telescopes were United States ($20.8M), Japan ($2.96M), Germany ($1.7M), Canada ($1.11M), and Hong Kong ($646k).

In 2022, Philippines imported $14M in Binoculars and Telescopes, mainly from Hong Kong ($6.48M), India ($2.48M), United States ($2.17M), China ($1.45M), and Japan ($751k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Binoculars and Telescopes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$6.07M (41.3%)
United Arab Emirates$555k (3.19k%)
Japan$343k (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Binoculars and Telescopes BY Philippines WERE (2021 - 2022):
Vietnam-$145k (-74%)
Hong Kong-$125k (-16.2%)
Thailand-$104k (-75.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Binoculars and Telescopes were:
China $730M
United States $256M
Germany $138M
In 2022, Philippines's main importing competitors in Binoculars and Telescopes were:
United States $485M
Germany $175M
Australia $96.4M

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Trade Value of Binoculars and Telescopes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.01M
TOP IMPORT POTENTIALChina+ $1.5M

Binoculars and Telescopes’s highest export potential is Germany. With an export gap of $1.01M.   Binoculars and Telescopes’s highest import potential is China with an import gap of $1.5M.

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