Industrial Furnaces in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $2.24M in Industrial Furnaces, making it the 57th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 511th most exported product in Philippines. The main destination of Industrial Furnaces exports from Philippines are: China ($746k), Thailand ($275k), India ($273k), Chinese Taipei ($248k), and Japan ($162k).

The fastest growing export markets for Industrial Furnaces of Philippines between 2021 and 2022 were India ($272k), Indonesia ($116k), and Chinese Taipei ($110k).

Imports In 2022, Philippines imported $30.2M in Industrial Furnaces, becoming the 42nd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 494th most imported product in Philippines. Philippines imports Industrial Furnaces primarily from: United States ($10.9M), China ($10.5M), Italy ($2.46M), Japan ($2.02M), and Finland ($952k).

The fastest growing import markets in Industrial Furnaces for Philippines between 2021 and 2022 were United States ($10.5M), Finland ($952k), and Chinese Taipei ($307k).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Industrial Furnaces exports accounted up to $168k and imports accounted up to $1.2M, resulting in a negative trade balance of $1.03M. Between August 2020 and August 2021 the exports of Philippines' Industrial Furnaces have decreased by $-1.94k (-1.14%) from $170k to $168k, while imports increased by $98k (8.9%) from $1.1M to $1.2M.

Destinations In August 2021, Industrial Furnaces were exported mostly to Japan ($60.4k), China ($36.8k), Mexico ($36.4k), Hong Kong ($18.2k), and Thailand ($9.89k), and were imported mostly from South Korea ($367k), China ($304k), Japan ($211k), Germany ($151k), and France ($100k).

Growth In August 2021, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-5.36k or -14%). In August 2021, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from United States ($437k or 1.41k%) and China ($186k or 79.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-1.94k(-1.14%)

IMPORT GROWTH (August 2020 - August 2021)$98k(8.9%)

MAIN DESTINATION (August 2021)Japan$60.4k

This section shows Industrial Furnaces'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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.24M

IMPORTS (2022)$30.2M

NET TRADE (2022)-$28M

In 2022, Philippines exported $2.24M in Industrial Furnaces. The main destinations of Philippines exports on Industrial Furnaces were China ($746k), Thailand ($275k), India ($273k), Chinese Taipei ($248k), and Japan ($162k).

In 2022, Philippines imported $30.2M in Industrial Furnaces, mainly from United States ($10.9M), China ($10.5M), Italy ($2.46M), Japan ($2.02M), and Finland ($952k).

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