Electric Motor Parts in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $81.4M in Electric Motor Parts, making it the 34th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 131st most exported product in Philippines. The main destination of Electric Motor Parts exports from Philippines are: Japan ($28M), China ($22M), United States ($6.9M), Mexico ($6.4M), and Thailand ($4.53M).

The fastest growing export markets for Electric Motor Parts of Philippines between 2021 and 2022 were South Korea ($1.09M), Hungary ($605k), and Chinese Taipei ($243k).

Imports In 2022, Philippines imported $154M in Electric Motor Parts, becoming the 36th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 191st most imported product in Philippines. Philippines imports Electric Motor Parts primarily from: Japan ($48.7M), China ($37.7M), Singapore ($25.4M), Germany ($8.77M), and Thailand ($8.47M).

The fastest growing import markets in Electric Motor Parts for Philippines between 2021 and 2022 were China ($10.3M), Germany ($8.4M), and Hong Kong ($1.42M).

COMPANIES In 2020, leading companies such as ABB MOTORS AND MECHANICAL INC (612) were at the forefront of shipping Electric Motor Parts from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Electric Motor Parts exports accounted up to $10.8M and imports accounted up to $10.3M, resulting in a positive trade balance of $521k. Between August 2020 and August 2021 the exports of Philippines' Electric Motor Parts have increased by $1.66M (18.1%) from $9.17M to $10.8M, while imports increased by $245k (2.44%) from $10.1M to $10.3M.

Destinations In August 2021, Electric Motor Parts were exported mostly to China ($3.54M), Japan ($2.97M), United States ($1.56M), Thailand ($661k), and Mexico ($585k), and were imported mostly from Singapore ($2.51M), China ($2.13M), Japan ($2.09M), Thailand ($1.07M), and Hong Kong ($631k).

Growth In August 2021, the increase in Electric Motor Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($78.6k or 6.09%), Germany ($24.9k or 60.2%), and Singapore ($14.8k or 1.68k%). In August 2021, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from Japan ($952k or 49.8%), United States ($471k or 330%), and Malaysia ($331k or 67.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$1.66M(18.1%)

IMPORT GROWTH (August 2020 - August 2021)$245k(2.44%)

MAIN DESTINATION (August 2021)China$3.54M

This section shows Electric Motor Parts'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 Motor Parts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$81.4M

IMPORTS (2022)$154M

NET TRADE (2022)-$72.5M

In 2022, Philippines exported $81.4M in Electric Motor Parts. The main destinations of Philippines exports on Electric Motor Parts were Japan ($28M), China ($22M), United States ($6.9M), Mexico ($6.4M), and Thailand ($4.53M).

In 2022, Philippines imported $154M in Electric Motor Parts, mainly from Japan ($48.7M), China ($37.7M), Singapore ($25.4M), Germany ($8.77M), and Thailand ($8.47M).

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