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2023
Exports $1.14BWorld Rnk 13 / 216
Flag Rnk 14 / 1123
2023
Destination $46.8M Germany
2022 - 2023
FASTEST GROWING MARKET $46.8MItaly
2023
PRODUCT COMPLEXITY IN Electric Heaters0.45Rnk 380 / 1025
2023
Imports $288MWorld Rnk 43 / 225
Flag Rnk 91 / 1202
2023
Origin $20.2M China
2022 - 2023
FASTEST GROWING ORIGIN $20.2MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.14B in Electric Heaters, making it the 13th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 14th most exported product in Philippines. The main destination of Electric Heaters exports from Philippines are: Germany ($270M), United States ($211M), Netherlands ($82.9M), United Kingdom ($72.3M), and Italy ($57.9M).

The fastest growing export markets for Electric Heaters of Philippines between 2022 and 2023 were Italy ($46.8M), United States ($40.5M), and Netherlands ($27.7M).

Imports In 2023, Philippines imported $288M in Electric Heaters, becoming the 43rd largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 91st most imported product in Philippines. Philippines imports Electric Heaters primarily from: China ($186M), Malaysia ($32.6M), United States ($11.5M), Italy ($10.3M), and Vietnam ($7.06M).

The fastest growing import markets in Electric Heaters for Philippines between 2022 and 2023 were China ($20.2M), Malaysia ($7.85M), and United States ($5.18M).

COMPANIES In 2023, leading companies such as Michael Kors (3) were at the forefront of shipping Electric Heaters from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Electric Heaters exports accounted up to $18.2M and imports accounted up to $29M, resulting in a negative trade balance of $10.9M. Between July 2023 and July 2024 the exports of Philippines'   Electric Heaters have decreased by $-11.6M (-39%) from $29.8M to $18.2M, while imports increased by $3.46M (13.5%) from $25.6M to $29M.

Destinations In July 2024, Electric Heaters were exported mostly to United States ($6.87M), Netherlands ($3.83M), Turkey ($1.39M), United Kingdom ($1.28M), and China ($881k), and were imported mostly from China ($17.3M), Malaysia ($4.24M), United States ($1.1M), Thailand ($1.01M), and Italy ($987k).

Growth In July 2024, the decrease in Electric Heaters's year-by-year exports was explained primarily by a decrease in exports to United States ($-2.86M or -90.2%), Germany ($-1.63M or -99%), and France ($-51.5k or -13.5%). In July 2024, the increase in Electric Heaters's year-by-year imports was explained primarily by an increase in imports from China ($895k or 6.54%), Japan ($732k or 485%), and Vietnam ($707k or 192%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-11.6M(-39%)
IMPORT GROWTH (July 2023 - July 2024)$3.46M(13.5%)
MAIN DESTINATION (July 2024)United States$6.87M

This section shows Electric Heaters'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 Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.14B
IMPORTS (2023)$288M
NET TRADE (2023)$856M

In 2023, Philippines exported $1.14B in Electric Heaters. The main destinations of Philippines exports on Electric Heaters were Germany ($270M), United States ($211M), Netherlands ($82.9M), United Kingdom ($72.3M), and Italy ($57.9M).

In 2023, Philippines imported $288M in Electric Heaters, mainly from China ($186M), Malaysia ($32.6M), United States ($11.5M), Italy ($10.3M), and Vietnam ($7.06M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Italy$46.8M (423%)
United States$40.5M (23.8%)
Netherlands$27.7M (50.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Philippines WERE (2022 - 2023):
South Korea-$99.9M (-74.6%)
France-$50.8M (-55.7%)
United Kingdom-$29.7M (-29.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Electric Heaters were:
China $29B
Germany $4.19B
Italy $2.87B
In 2023, Philippines's main importing competitors in Electric Heaters were:
United States $11.5B
Germany $5.48B
United Kingdom $3.02B

Explore Visualizations

Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $94.9M
TOP IMPORT POTENTIALChina+ $71.2M

Electric Heaters’s highest export potential is United States. With an export gap of $94.9M.   Electric Heaters’s highest import potential is China with an import gap of $71.2M.

See methodology.

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