2022
Exports
$156MWorld Rnk 45 / 223
Flag Rnk 79 / 1127
2022
PRODUCT COMPLEXITY IN Centrifuges
1.1Rnk 136 / 1025
2022
Imports
$336MWorld Rnk 47 / 226
Flag Rnk 107 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $156M in Centrifuges, making it the 45th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 79th most exported product in Philippines. The main destination of Centrifuges exports from Philippines are: United States ($31.7M), Japan ($24.4M), Singapore ($21.1M), Australia ($8.14M), and China ($8.14M).

The fastest growing export markets for Centrifuges of Philippines between 2021 and 2022 were Singapore ($4.21M), United States ($1.89M), and Kuwait ($1.87M).

Imports In 2022, Philippines imported $336M in Centrifuges, becoming the 47th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 107th most imported product in Philippines. Philippines imports Centrifuges primarily from: China ($111M), Japan ($38.8M), Thailand ($28.4M), United States ($26.7M), and Malaysia ($22.3M).

The fastest growing import markets in Centrifuges for Philippines between 2021 and 2022 were United States ($8.98M), Netherlands ($2.91M), and Switzerland ($2.56M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-100k(-1.85%)
IMPORT GROWTH (June 2023 - June 2024)$-8.63M(-39.4%)
MAIN DESTINATION (June 2024)United States$1.29M

This section shows Centrifuges'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 Centrifuges over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$156M
IMPORTS (2022)$336M
NET TRADE (2022)-$180M

In 2022, Philippines exported $156M in Centrifuges. The main destinations of Philippines exports on Centrifuges were United States ($31.7M), Japan ($24.4M), Singapore ($21.1M), Australia ($8.14M), and China ($8.14M).

In 2022, Philippines imported $336M in Centrifuges, mainly from China ($111M), Japan ($38.8M), Thailand ($28.4M), United States ($26.7M), and Malaysia ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$4.21M (24.9%)
United States$1.89M (6.33%)
Kuwait$1.87M (1.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Philippines WERE (2021 - 2022):
Russia-$3.53M (-95.7%)
China-$3.23M (-28.4%)
Japan-$3.04M (-11.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Centrifuges were:
In 2022, Philippines's main importing competitors in Centrifuges were:

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.3M
TOP IMPORT POTENTIALChina+ $43.6M

Centrifuges’s highest export potential is United States. With an export gap of $26.3M.   Centrifuges’s highest import potential is China with an import gap of $43.6M.

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