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2022
Exports $32.4BWorld Rnk 8 / 226
Flag Rnk 1 / 1127
2022
Destination $1.08B Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.08BHong Kong
2022
PRODUCT COMPLEXITY IN Integrated Circuits1.48Rnk 56 / 1025
2022
Imports $15.7BWorld Rnk 12 / 225
Flag Rnk 1 / 1201
2022
Origin $753M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $753MChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $32.4B in Integrated Circuits, making it the 8th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in Philippines. The main destination of Integrated Circuits exports from Philippines are: Hong Kong ($8.48B), China ($5.83B), Singapore ($5.22B), United States ($1.87B), and Germany ($1.68B).

The fastest growing export markets for Integrated Circuits of Philippines between 2021 and 2022 were Hong Kong ($1.08B), Singapore ($556M), and China ($545M).

Imports In 2022, Philippines imported $15.7B in Integrated Circuits, becoming the 12th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most imported product in Philippines. Philippines imports Integrated Circuits primarily from: Chinese Taipei ($3.77B), South Korea ($3.64B), China ($1.53B), Singapore ($1.43B), and United States ($1.43B).

The fastest growing import markets in Integrated Circuits for Philippines between 2021 and 2022 were Chinese Taipei ($753M), Singapore ($247M), and Hong Kong ($233M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Integrated Circuits exports accounted up to $1.68B and imports accounted up to $682M, resulting in a positive trade balance of $998M. Between August 2023 and August 2024 the exports of Philippines'   Integrated Circuits have decreased by $-324M (-16.2%) from $2B to $1.68B, while imports increased by $42.4M (6.62%) from $640M to $682M.

Destinations In August 2024, Integrated Circuits were exported mostly to Hong Kong ($526M), United States ($186M), China ($177M), Netherlands ($136M), and Chinese Taipei ($134M), and were imported mostly from Japan ($147M), United States ($122M), Chinese Taipei ($108M), South Korea ($75.4M), and China ($71.3M).

Growth In August 2024, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-179M or -36.4%), Singapore ($-78.6M or -47.7%), and Japan ($-47.9M or -37.5%). In August 2024, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Malaysia ($29.5M or 207%), Hong Kong ($19.7M or 40%), and United Kingdom ($9.36M or 442%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-324M(-16.2%)
IMPORT GROWTH (August 2023 - August 2024)$42.4M(6.62%)
MAIN DESTINATION (August 2024)Hong Kong$526M

This section shows Integrated Circuits'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 Integrated Circuits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.4B
IMPORTS (2022)$15.7B
NET TRADE (2022)$16.7B

In 2022, Philippines exported $32.4B in Integrated Circuits. The main destinations of Philippines exports on Integrated Circuits were Hong Kong ($8.48B), China ($5.83B), Singapore ($5.22B), United States ($1.87B), and Germany ($1.68B).

In 2022, Philippines imported $15.7B in Integrated Circuits, mainly from Chinese Taipei ($3.77B), South Korea ($3.64B), China ($1.53B), Singapore ($1.43B), and United States ($1.43B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$1.08B (14.6%)
Singapore$556M (11.9%)
China$545M (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Philippines WERE (2021 - 2022):
Indonesia-$315M (-74.2%)
Finland-$60.3M (-93.9%)
Russia-$49.2M (-94%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Integrated Circuits were:
Chinese Taipei $223B
China $212B
South Korea $121B
In 2022, Philippines's main importing competitors in Integrated Circuits were:
China $232B
Hong Kong $201B
Chinese Taipei $80.9B

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.5B
TOP IMPORT POTENTIALChina+ $865M

Integrated Circuits’s highest export potential is China. With an export gap of $3.5B.   Integrated Circuits’s highest import potential is China with an import gap of $865M.

See methodology.

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