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2022
Exports $2.59MWorld Rnk 46 / 145
Flag Rnk 490 / 1127
2022
Destination $1.75M Guam
2021 - 2022
FASTEST GROWING MARKET $1.75MGuam
2022
PRODUCT COMPLEXITY IN Electrical Insulators0.63Rnk 303 / 1025
2022
Imports $32.2MWorld Rnk 24 / 207
Flag Rnk 481 / 1201
2022
Origin $2.47M China
2021 - 2022
FASTEST GROWING ORIGIN $2.47MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.59M in Electrical Insulators, making it the 46th largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 490th most exported product in Philippines. The main destination of Electrical Insulators exports from Philippines are: Guam ($1.75M), Brazil ($163k), Malaysia ($152k), United States ($95.4k), and Singapore ($79.3k).

The fastest growing export markets for Electrical Insulators of Philippines between 2021 and 2022 were Guam ($1.75M), Brazil ($88.3k), and Singapore ($77.6k).

Imports In 2022, Philippines imported $32.2M in Electrical Insulators, becoming the 24th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 481st most imported product in Philippines. Philippines imports Electrical Insulators primarily from: China ($17M), Hong Kong ($3.48M), Thailand ($3.45M), United States ($3.02M), and Malaysia ($1.64M).

The fastest growing import markets in Electrical Insulators for Philippines between 2021 and 2022 were China ($2.47M), Thailand ($952k), and Malaysia ($376k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Electrical Insulators exports accounted up to $29.3k and imports accounted up to $2.24M, resulting in a negative trade balance of $2.21M. Between August 2023 and September 2024 the exports of Philippines'   Electrical Insulators have increased by $20.9k (248%) from $8.42k to $29.3k, while imports decreased by $-668k (-22.9%) from $2.91M to $2.24M.

Destinations In September 2024, Electrical Insulators were exported mostly to Chinese Taipei ($25.5k), Japan ($2.96k), India ($411), and Vietnam ($401), and were imported mostly from China ($1.37M), United States ($235k), Thailand ($203k), Japan ($152k), and Malaysia ($126k).

Growth In September 2024, the increase in Electrical Insulators's year-by-year exports was explained primarily by an increase in exports to Vietnam ($375 or 75%). In September 2024, the decrease in Electrical Insulators's year-by-year imports was explained primarily by a decrease in imports from Italy ($-176k or -99.8%), Malaysia ($-94.7k or -80.9%), and India ($-77.9k or -94.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - September 2024)$20.9k(248%)
IMPORT GROWTH (September 2023 - September 2024)$-668k(-22.9%)
MAIN DESTINATION (September 2024)Chinese Taipei$25.5k

This section shows Electrical Insulators'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 Electrical Insulators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.59M
IMPORTS (2022)$32.2M
NET TRADE (2022)-$29.6M

In 2022, Philippines exported $2.59M in Electrical Insulators. The main destinations of Philippines exports on Electrical Insulators were Guam ($1.75M), Brazil ($163k), Malaysia ($152k), United States ($95.4k), and Singapore ($79.3k).

In 2022, Philippines imported $32.2M in Electrical Insulators, mainly from China ($17M), Hong Kong ($3.48M), Thailand ($3.45M), United States ($3.02M), and Malaysia ($1.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Guam$1.75M (1%)
Brazil$88.3k (119%)
Singapore$77.6k (4.53k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Philippines WERE (2021 - 2022):
Indonesia-$45.7k (-45.3%)
Malaysia-$43.5k (-22.2%)
India-$18.8k (-55.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electrical Insulators were:
China $727M
United States $242M
Germany $217M
In 2022, Philippines's main importing competitors in Electrical Insulators were:
United States $438M
Germany $163M
Mexico $125M

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Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $166k
TOP IMPORT POTENTIALChina+ $1.49M

Electrical Insulators’s highest export potential is United States. With an export gap of $166k.   Electrical Insulators’s highest import potential is China with an import gap of $1.49M.

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