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2022
Exports $242MWorld Rnk 14 / 198
Flag Rnk 49 / 1127
2022
Destination $4.14M China
2021 - 2022
FASTEST GROWING MARKET $4.14MMalaysia
2022
PRODUCT COMPLEXITY IN Electrical Resistors0.88Rnk 215 / 1025
2022
Imports $108MWorld Rnk 27 / 214
Flag Rnk 248 / 1201
2022
Origin $4.43M Japan
2021 - 2022
FASTEST GROWING ORIGIN $4.43MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $242M in Electrical Resistors, making it the 14th largest exporter of Electrical Resistors in the world. At the same year, Electrical Resistors was the 49th most exported product in Philippines. The main destination of Electrical Resistors exports from Philippines are: China ($36.4M), Japan ($23.9M), Malaysia ($21.7M), United States ($20.8M), and Hong Kong ($20.7M).

The fastest growing export markets for Electrical Resistors of Philippines between 2021 and 2022 were Malaysia ($4.14M), United States ($2.97M), and Singapore ($2.5M).

Imports In 2022, Philippines imported $108M in Electrical Resistors, becoming the 27th largest importer of Electrical Resistors in the world. At the same year, Electrical Resistors was the 248th most imported product in Philippines. Philippines imports Electrical Resistors primarily from: Japan ($25.8M), Singapore ($22.9M), Hong Kong ($17.2M), China ($16.8M), and Chinese Taipei ($4.51M).

The fastest growing import markets in Electrical Resistors for Philippines between 2021 and 2022 were Singapore ($4.43M), Israel ($1.61M), and South Korea ($1.14M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Electrical Resistors exports accounted up to $36.9M and imports accounted up to $5.35M, resulting in a positive trade balance of $31.6M. Between June 2023 and June 2024 the exports of Philippines'   Electrical Resistors have increased by $30.2M (452%) from $6.69M to $36.9M, while imports decreased by $-1.9M (-26.3%) from $7.25M to $5.35M.

Destinations In June 2024, Electrical Resistors were exported mostly to Hong Kong ($9.23M), Singapore ($7.4M), China ($4.41M), United States ($3.58M), and South Korea ($3.12M), and were imported mostly from Japan ($1.83M), Singapore ($1.51M), Hong Kong ($825k), Chinese Taipei ($348k), and United Kingdom ($138k).

Growth In June 2024, the increase in Electrical Resistors's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($447k or 293%), China ($406k or 40.9%), and United States ($379k or 40.8%). In June 2024, the decrease in Electrical Resistors's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.04M or -21.8%), China ($-883k or -41.5%), and Hong Kong ($-588k or -40.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$30.2M(452%)
IMPORT GROWTH (June 2023 - June 2024)$-1.9M(-26.3%)
MAIN DESTINATION (June 2024)Hong Kong$9.23M

This section shows Electrical Resistors'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 Resistors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$242M
IMPORTS (2022)$108M
NET TRADE (2022)$135M

In 2022, Philippines exported $242M in Electrical Resistors. The main destinations of Philippines exports on Electrical Resistors were China ($36.4M), Japan ($23.9M), Malaysia ($21.7M), United States ($20.8M), and Hong Kong ($20.7M).

In 2022, Philippines imported $108M in Electrical Resistors, mainly from Japan ($25.8M), Singapore ($22.9M), Hong Kong ($17.2M), China ($16.8M), and Chinese Taipei ($4.51M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Resistors EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$4.14M (23.6%)
United States$2.97M (16.6%)
Singapore$2.5M (27.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Resistors BY Philippines WERE (2021 - 2022):
Vietnam-$12.9M (-43.1%)
South Korea-$8.55M (-31.2%)
China-$8.42M (-18.8%)
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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 Resistors were:
China $4.72B
Germany $1.33B
Japan $1.08B
In 2022, Philippines's main importing competitors in Electrical Resistors were:
China $2.95B
Hong Kong $1.53B
United States $1.27B

Explore Visualizations

Trade Value of Electrical Resistors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $28.6M
N/AN/AN/A

Electrical Resistors’s highest export potential is China. With an export gap of $28.6M.   Electrical Resistors’s highest import potential is N/A with an import gap of N/A.

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