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2022
Exports $2.06MWorld Rnk 44 / 132
Flag Rnk 526 / 1127
2022
Destination $46k Japan
2021 - 2022
FASTEST GROWING MARKET $46kVietnam
2022
PRODUCT COMPLEXITY IN Boiler Plants0.99Rnk 174 / 1025
2022
Imports $57.8MWorld Rnk 5 / 196
Flag Rnk 361 / 1201
2022
Origin $16.8M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $16.8MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.06M in Boiler Plants, making it the 44th largest exporter of Boiler Plants in the world. At the same year, Boiler Plants was the 526th most exported product in Philippines. The main destination of Boiler Plants exports from Philippines are: Japan ($1.98M), Vietnam ($46k), Indonesia ($14.8k), Marshall Islands ($4.6k), and Singapore ($4.33k).

The fastest growing export markets for Boiler Plants of Philippines between 2021 and 2022 were Vietnam ($46k), Marshall Islands ($4.6k), and Malaysia ($3.12k).

Imports In 2022, Philippines imported $57.8M in Boiler Plants, becoming the 5th largest importer of Boiler Plants in the world. At the same year, Boiler Plants was the 361st most imported product in Philippines. Philippines imports Boiler Plants primarily from: Chinese Taipei ($30.5M), South Korea ($17.8M), China ($4.92M), India ($1.81M), and United States ($697k).

The fastest growing import markets in Boiler Plants for Philippines between 2021 and 2022 were South Korea ($16.8M), China ($3.03M), and Italy ($567k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Boiler Plants exports accounted up to $53k and imports accounted up to $607k, resulting in a negative trade balance of $554k. Between November 2022 and June 2024 the exports of Philippines'   Boiler Plants have increased by $45.2k (580%) from $7.8k to $53k, while imports decreased by $-324k (-34.8%) from $931k to $607k.

Destinations In June 2024, Boiler Plants were exported mostly to South Korea ($36k) and United States ($17k), and were imported mostly from India ($426k), Japan ($92.1k), South Korea ($38.1k), United States ($26.1k), and Singapore ($9.56k).

Growth In June 2024, the increase in Boiler Plants's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Boiler Plants's year-by-year imports was explained primarily by a decrease in imports from India ($-312k or -78.7%), United States ($-307k or -99.7%), and China ($-296k or -88.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - June 2024)$45.2k(580%)
IMPORT GROWTH (June 2023 - June 2024)$-324k(-34.8%)
MAIN DESTINATION (June 2024)South Korea$36k

This section shows Boiler Plants'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 Boiler Plants over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.06M
IMPORTS (2022)$57.8M
NET TRADE (2022)-$55.8M

In 2022, Philippines exported $2.06M in Boiler Plants. The main destinations of Philippines exports on Boiler Plants were Japan ($1.98M), Vietnam ($46k), Indonesia ($14.8k), Marshall Islands ($4.6k), and Singapore ($4.33k).

In 2022, Philippines imported $57.8M in Boiler Plants, mainly from Chinese Taipei ($30.5M), South Korea ($17.8M), China ($4.92M), India ($1.81M), and United States ($697k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Boiler Plants EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$46k (1%)
Marshall Islands$4.6k (1%)
Malaysia$3.12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Boiler Plants BY Philippines WERE (2021 - 2022):
Japan-$7.5M (-79.1%)
Indonesia-$1.08M (-98.6%)
Chinese Taipei-$20.2k (-98.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Boiler Plants were:
China $463M
South Korea $110M
Japan $102M
In 2022, Philippines's main importing competitors in Boiler Plants were:
Indonesia $243M
United States $109M
Japan $73.5M

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Trade Value of Boiler Plants by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $7.16k
TOP IMPORT POTENTIALChina+ $2.15M

Boiler Plants’s highest export potential is Japan. With an export gap of $7.16k.   Boiler Plants’s highest import potential is China with an import gap of $2.15M.

See methodology.

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