Interchangeable Tool Parts in   Philippines

Overview In July 2024 Philippines' Interchangeable Tool Parts exports accounted up to $133k and imports accounted up to $7.68M, resulting in a negative trade balance of $7.54M. Between July 2023 and July 2024 the exports of Philippines'   Interchangeable Tool Parts have decreased by $-15.3k (-10.3%) from $149k to $133k, while imports increased by $344k (4.7%) from $7.33M to $7.68M.

Destinations In July 2024, Interchangeable Tool Parts were exported mostly to Thailand ($46.1k), Hong Kong ($34.9k), Germany ($22k), Japan ($15.6k), and Singapore ($14.2k), and were imported mostly from Japan ($3.18M), China ($1.49M), United States ($729k), Singapore ($651k), and South Korea ($287k).

Growth In July 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to Japan ($-162k or -77.1%), Australia ($-129k or -57.7%), and United States ($-20k or -92.2%). In July 2024, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from United States ($801k or 125%), China ($309k or 19.6%), and Japan ($186k or 9.63%).