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2022
Exports $81.4MWorld Rnk 34 / 186
Flag Rnk 131 / 1127
2022
Destination $1.09M Japan
2021 - 2022
FASTEST GROWING MARKET $1.09MSouth Korea
2022
PRODUCT COMPLEXITY IN Electric Motor Parts0.66Rnk 292 / 1025
2022
Imports $154MWorld Rnk 36 / 219
Flag Rnk 191 / 1201
2022
Origin $10.3M Japan
2021 - 2022
FASTEST GROWING ORIGIN $10.3MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

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 2023, leading companies such as ABB Motors and Mechanical (196) were at the forefront of shipping Electric Motor Parts from Philippines to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Electric Motor Parts exports accounted up to $1.8M and imports accounted up to $11.1M, resulting in a negative trade balance of $9.28M. Between September 2023 and September 2024 the exports of Philippines'   Electric Motor Parts have decreased by $-2.88M (-61.6%) from $4.67M to $1.8M, while imports increased by $1.45M (15.1%) from $9.62M to $11.1M.

Destinations In September 2024, Electric Motor Parts were exported mostly to Japan ($444k), China ($398k), United States ($385k), Mexico ($311k), and India ($126k), and were imported mostly from Japan ($4.77M), China ($1.58M), Singapore ($1.24M), Malaysia ($823k), and United States ($740k).

Growth In September 2024, the decrease in Electric Motor Parts's year-by-year exports was explained primarily by a decrease in exports to China ($-1.13M or -63.8%), Japan ($-652k or -23.8%), and United States ($-454k or -79.1%). In September 2024, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from United States ($678k or 421%), Vietnam ($180k or 68.5%), and Indonesia ($71.2k or 57.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-2.88M(-61.6%)
IMPORT GROWTH (September 2023 - September 2024)$1.45M(15.1%)
MAIN DESTINATION (September 2024)Japan$444k

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$1.09M (32%)
Hungary$605k (151%)
Chinese Taipei$243k (37.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Philippines WERE (2021 - 2022):
China-$11.7M (-34.7%)
United States-$9.44M (-57.8%)
Malaysia-$7.93M (-76.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Philippines's main importing competitors in Electric Motor Parts were:
Germany $3.58B
United States $3.57B
Mexico $1.33B

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.64M
TOP IMPORT POTENTIALChina+ $21.3M

Electric Motor Parts’s highest export potential is China. With an export gap of $9.64M.   Electric Motor Parts’s highest import potential is China with an import gap of $21.3M.

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