Instruments in   Philippines

Overview In July 2024 Philippines' Instruments exports accounted up to $328M and imports accounted up to $245M, resulting in a positive trade balance of $82.3M. 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 $-4.89M (-1.95%) from $250M to $245M.

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 ($40.8M), 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%).