Binoculars and Telescopes in Philippines | The Observatory of Economic Complexity

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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

August 2021

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Overview In August 2021 Philippines' Binoculars and Telescopes exports accounted up to $1.56M and imports accounted up to $988k, resulting in a positive trade balance of $571k. Between August 2020 and August 2021 the exports of Philippines' Binoculars and Telescopes have increased by $954k (158%) from $605k to $1.56M, while imports increased by $264k (36.4%) from $724k to $988k.

Destinations In August 2021, Binoculars and Telescopes were exported mostly to United States ($1.37M), Japan ($147k), and Hong Kong ($42.1k), and were imported mostly from Hong Kong ($693k), Japan ($257k), China ($30.3k), United States ($5.55k), and Germany ($974).

Growth In August 2021, the increase in Binoculars and Telescopes's year-by-year exports was explained primarily by an increase in exports to Japan ($20.5k or 50.9%), United States ($9k or 1.72%), and Hong Kong ($2.08k or 160%). In August 2021, the increase in Binoculars and Telescopes's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($324k or 4.51k%), Chinese Taipei ($130k or 305%), and Singapore ($8.77k or 1.07k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$954k(158%)

IMPORT GROWTH (August 2020 - August 2021)$264k(36.4%)

MAIN DESTINATION (August 2021)United States$1.37M

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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