Sign In
Pricing

2022
Exports $3.15BWorld Rnk 34 / 226
Flag Rnk 5 / 21
2022
Destination $48.3M United States
2021 - 2022
FASTEST GROWING MARKET $48.3MThailand
2022
PRODUCT COMPLEXITY IN Instruments2.12Rnk 3 / 1025
2022
Imports $3.54BWorld Rnk 36 / 226
Flag Rnk 12 / 21
2022
Origin $169M China
2021 - 2022
FASTEST GROWING ORIGIN $169MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.15B in Instruments, making it the 34th largest exporter of Instruments in the world. At the same year, Instruments was the 5th most exported product in Philippines. The main destination of Instruments exports from Philippines are: United States ($595M), Japan ($387M), China ($304M), Thailand ($206M), and Singapore ($159M).

The fastest growing export markets for Instruments of Philippines between 2021 and 2022 were Thailand ($48.3M), Singapore ($40.9M), and Chinese Taipei ($36.6M).

Imports In 2022, Philippines imported $3.54B in Instruments, becoming the 36th largest importer of Instruments in the world. At the same year, Instruments was the 12th most imported product in Philippines. Philippines imports Instruments primarily from: China ($870M), Japan ($426M), Singapore ($353M), Malaysia ($327M), and United States ($297M).

The fastest growing import markets in Instruments for Philippines between 2021 and 2022 were China ($169M), Singapore ($66.7M), and Vietnam ($39.4M).

COMPANIES In 2023, leading companies such as Walong Marketing (11), Brother Industries (9), and Stihl (4) were at the forefront of shipping Instruments from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Instruments exports accounted up to $328M and imports accounted up to $246M, resulting in a positive trade balance of $81.5M. Between July 2023 and July 2024 the exports of Philippines'   Instruments have increased by $127M (63.5%) from $200M to $328M, while imports decreased by $-4.12M (-1.65%) from $250M to $246M.

Destinations In July 2024, Instruments were exported mostly to South Korea ($62.7M), Hong Kong ($41.4M), United States ($35.6M), Japan ($33.1M), and China ($25.8M), and were imported mostly from China ($66.7M), United States ($41.3M), Malaysia ($26.7M), Japan ($20.2M), and Chinese Taipei ($11.8M).

Growth In July 2024, the increase in Instruments's year-by-year exports was explained primarily by an increase in exports to Japan ($3.52M or 15.8%), Thailand ($3.24M or 41.6%), and South Korea ($2.83M or 21.5%). In July 2024, the decrease in Instruments's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-15.7M or -68.6%), Israel ($-2.88M or -69.8%), and Chinese Taipei ($-2.85M or -29.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$127M(63.5%)
IMPORT GROWTH (July 2023 - July 2024)$-4.12M(-1.65%)
MAIN DESTINATION (July 2024)South Korea$62.7M

This section shows Instruments'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 Instruments over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$3.15B
IMPORTS (2022)$3.54B
NET TRADE (2022)-$386M

In 2022, Philippines exported $3.15B in Instruments. The main destinations of Philippines exports on Instruments were United States ($595M), Japan ($387M), China ($304M), Thailand ($206M), and Singapore ($159M).

In 2022, Philippines imported $3.54B in Instruments, mainly from China ($870M), Japan ($426M), Singapore ($353M), Malaysia ($327M), and United States ($297M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$48.3M (30.7%)
Singapore$40.9M (34.6%)
Chinese Taipei$36.6M (37.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Philippines WERE (2021 - 2022):
Vietnam-$163M (-89.4%)
China-$127M (-29.5%)
Japan-$41.7M (-9.73%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Instruments were:
United States $102B
China $91.6B
Germany $79.1B
In 2022, Philippines's main importing competitors in Instruments were:
United States $123B
China $74.1B
Germany $49.9B

Explore Visualizations

Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $340M
TOP IMPORT POTENTIALChina+ $228M

Instruments’s highest export potential is China. With an export gap of $340M.   Instruments’s highest import potential is China with an import gap of $228M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms