2023
Exports
$4.25MWorld Rnk 72 / 186
Flag Rnk 412 / 1123
2023
PRODUCT COMPLEXITY IN Electric Generating Sets
0.35Rnk 440 / 1025
2023
Imports
$166MWorld Rnk 44 / 223
Flag Rnk 148 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $4.25M in Electric Generating Sets, making it the 72nd largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 412th most exported product in Philippines. The main destination of Electric Generating Sets exports from Philippines are: Colombia ($1.28M), Brazil ($791k), United Arab Emirates ($623k), Singapore ($271k), and China ($245k).

The fastest growing export markets for Electric Generating Sets of Philippines between 2022 and 2023 were Colombia ($1.28M), United Arab Emirates ($623k), and Brazil ($546k).

Imports In 2023, Philippines imported $166M in Electric Generating Sets, becoming the 44th largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 148th most imported product in Philippines. Philippines imports Electric Generating Sets primarily from: China ($92.9M), United States ($13M), Vietnam ($11.6M), India ($9.14M), and Israel ($7.46M).

The fastest growing import markets in Electric Generating Sets for Philippines between 2022 and 2023 were United States ($8.77M), Israel ($7.46M), and India ($3.87M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$95.7k(83.7%)
IMPORT GROWTH (July 2023 - July 2024)$-10.7M(-49.6%)
MAIN DESTINATION (July 2024)United Arab Emirates$202k

This section shows Electric Generating Sets'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 Electric Generating Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.25M
IMPORTS (2023)$166M
NET TRADE (2023)-$162M

In 2023, Philippines exported $4.25M in Electric Generating Sets. The main destinations of Philippines exports on Electric Generating Sets were Colombia ($1.28M), Brazil ($791k), United Arab Emirates ($623k), Singapore ($271k), and China ($245k).

In 2023, Philippines imported $166M in Electric Generating Sets, mainly from China ($92.9M), United States ($13M), Vietnam ($11.6M), India ($9.14M), and Israel ($7.46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Colombia$1.28M (1%)
Brazil$546k (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY Philippines WERE (2022 - 2023):
Guyana-$440k (-100%)
Japan-$437k (-69.7%)
Thailand-$316k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Electric Generating Sets were:
In 2023, Philippines's main importing competitors in Electric Generating Sets were:

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $147k
TOP IMPORT POTENTIALChina+ $11M

Electric Generating Sets’s highest export potential is United States. With an export gap of $147k.   Electric Generating Sets’s highest import potential is China with an import gap of $11M.

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