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2022
Exports $1.36BWorld Rnk 30 / 225
Flag Rnk 11 / 1127
2022
Destination $233M United States
2021 - 2022
FASTEST GROWING MARKET $233MUnited States
2022
PRODUCT COMPLEXITY IN Broadcasting Equipment0.53Rnk 357 / 1025
2022
Imports $2.63BWorld Rnk 39 / 225
Flag Rnk 6 / 1201
2022
Origin $178M China
2021 - 2022
FASTEST GROWING ORIGIN $178MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.36B in Broadcasting Equipment, making it the 30th largest exporter of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 11th most exported product in Philippines. The main destination of Broadcasting Equipment exports from Philippines are: United States ($919M), Canada ($83M), Germany ($63.5M), Japan ($63.5M), and United Kingdom ($38.1M).

The fastest growing export markets for Broadcasting Equipment of Philippines between 2021 and 2022 were United States ($233M), Canada ($60.3M), and Japan ($40.7M).

Imports In 2022, Philippines imported $2.63B in Broadcasting Equipment, becoming the 39th largest importer of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 6th most imported product in Philippines. Philippines imports Broadcasting Equipment primarily from: China ($1.3B), Singapore ($545M), United States ($288M), Vietnam ($225M), and Hong Kong ($64.5M).

The fastest growing import markets in Broadcasting Equipment for Philippines between 2021 and 2022 were Singapore ($178M), United States ($22.4M), and Indonesia ($19.1M).

COMPANIES In 2023, leading companies such as Euromarket Designs (1) were at the forefront of shipping Broadcasting Equipment from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Broadcasting Equipment exports accounted up to $3.87M and imports accounted up to $9.42M, resulting in a negative trade balance of $5.55M. Between August 2023 and August 2024 the exports of Philippines'   Broadcasting Equipment have increased by $1.09M (38.9%) from $2.79M to $3.87M, while imports decreased by $-1.23M (-11.6%) from $10.7M to $9.42M.

Destinations In August 2024, Broadcasting Equipment were exported mostly to United States ($3.27M), United Kingdom ($193k), Israel ($136k), China ($108k), and Belgium ($70.3k), and were imported mostly from Vietnam ($4.05M), China ($1.13M), Thailand ($1.06M), Japan ($996k), and Indonesia ($458k).

Growth In August 2024, the increase in Broadcasting Equipment's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($374k or 1.74k%), Spain ($62.7k or 136%), and Israel ($34.8k or 566%). In August 2024, the decrease in Broadcasting Equipment's year-by-year imports was explained primarily by a decrease in imports from United States ($-209k or -62.2%), Canada ($-141k or -76.2%), and Japan ($-64.4k or -29.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.09M(38.9%)
IMPORT GROWTH (August 2023 - August 2024)$-1.23M(-11.6%)
MAIN DESTINATION (August 2024)United States$3.27M

This section shows Broadcasting Equipment'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 Broadcasting Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.36B
IMPORTS (2022)$2.63B
NET TRADE (2022)-$1.27B

In 2022, Philippines exported $1.36B in Broadcasting Equipment. The main destinations of Philippines exports on Broadcasting Equipment were United States ($919M), Canada ($83M), Germany ($63.5M), Japan ($63.5M), and United Kingdom ($38.1M).

In 2022, Philippines imported $2.63B in Broadcasting Equipment, mainly from China ($1.3B), Singapore ($545M), United States ($288M), Vietnam ($225M), and Hong Kong ($64.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Broadcasting Equipment EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$233M (33.9%)
Canada$60.3M (265%)
Japan$40.7M (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Broadcasting Equipment BY Philippines WERE (2021 - 2022):
Singapore-$18.3M (-69%)
Hong Kong-$11.6M (-47.7%)
Mexico-$9.29M (-73.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Broadcasting Equipment were:
China $272B
Vietnam $58.5B
United States $28.9B
In 2022, Philippines's main importing competitors in Broadcasting Equipment were:
United States $116B
Hong Kong $56.1B
Germany $26.8B

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Trade Value of Broadcasting Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $43.3M

Broadcasting Equipment’s highest export potential is N/A. With an export gap of N/A.   Broadcasting Equipment’s highest import potential is China with an import gap of $43.3M.

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