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2022
Exports $102MWorld Rnk 38 / 218
Flag Rnk 112 / 1127
2022
Destination $4.88M Japan
2021 - 2022
FASTEST GROWING MARKET $4.88MGermany
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $438MWorld Rnk 25 / 225
Flag Rnk 83 / 1201
2022
Origin $6.12M Japan
2021 - 2022
FASTEST GROWING ORIGIN $6.12MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $102M in Electrical Power Accessories, making it the 38th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 112th most exported product in Philippines. The main destination of Electrical Power Accessories exports from Philippines are: Japan ($21.6M), United States ($16.2M), China ($10.4M), Singapore ($7.77M), and Germany ($7.73M).

The fastest growing export markets for Electrical Power Accessories of Philippines between 2021 and 2022 were Germany ($4.88M), China ($4.62M), and Malaysia ($3.96M).

Imports In 2022, Philippines imported $438M in Electrical Power Accessories, becoming the 25th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 83rd most imported product in Philippines. Philippines imports Electrical Power Accessories primarily from: Japan ($207M), China ($71.9M), Singapore ($32.1M), Chinese Taipei ($24.6M), and South Korea ($21.5M).

The fastest growing import markets in Electrical Power Accessories for Philippines between 2021 and 2022 were United States ($6.12M), China ($2.98M), and Vietnam ($2.14M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Electrical Power Accessories exports accounted up to $2.09M and imports accounted up to $14.4M, resulting in a negative trade balance of $12.3M. Between June 2023 and June 2024 the exports of Philippines'   Electrical Power Accessories have decreased by $-557k (-21.1%) from $2.65M to $2.09M, while imports decreased by $-14.4M (-50.2%) from $28.8M to $14.4M.

Destinations In June 2024, Electrical Power Accessories were exported mostly to Japan ($1.5M), United States ($106k), South Korea ($106k), China ($102k), and France ($99.4k), and were imported mostly from Japan ($5.27M), Germany ($1.76M), South Korea ($1.32M), Vietnam ($1.24M), and Thailand ($1.19M).

Growth In June 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-239k or -69.2%), Indonesia ($-195k or -55.6%), and China ($-33.5k or -77.8%). In June 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from Japan ($-5.61M or -46.6%), Hong Kong ($-741k or -47.6%), and Singapore ($-683k or -40.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-557k(-21.1%)
IMPORT GROWTH (June 2023 - June 2024)$-14.4M(-50.2%)
MAIN DESTINATION (June 2024)Japan$1.5M

This section shows Electrical Power Accessories'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 Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$438M
NET TRADE (2022)-$336M

In 2022, Philippines exported $102M in Electrical Power Accessories. The main destinations of Philippines exports on Electrical Power Accessories were Japan ($21.6M), United States ($16.2M), China ($10.4M), Singapore ($7.77M), and Germany ($7.73M).

In 2022, Philippines imported $438M in Electrical Power Accessories, mainly from Japan ($207M), China ($71.9M), Singapore ($32.1M), Chinese Taipei ($24.6M), and South Korea ($21.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$4.88M (171%)
China$4.62M (79.5%)
Malaysia$3.96M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Philippines WERE (2021 - 2022):
Japan-$12.8M (-37.3%)
Hong Kong-$5.16M (-49.8%)
United States-$3.52M (-17.8%)
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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 Power Accessories were:
China $6.47B
Germany $6.36B
United States $4.96B
In 2022, Philippines's main importing competitors in Electrical Power Accessories were:
United States $4.94B
Mexico $4.2B
China $3.93B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.7M
TOP IMPORT POTENTIALChina+ $34.7M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $12.7M.   Electrical Power Accessories’s highest import potential is China with an import gap of $34.7M.

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