2022
Exports
$5.85MWorld Rnk 30 / 153
Flag Rnk 396 / 1127
2022
PRODUCT COMPLEXITY IN Laboratory Reagents
1.53Rnk 45 / 1025
2022
Imports
$176MWorld Rnk 2 / 180
Flag Rnk 170 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.85M in Laboratory Reagents, making it the 30th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 396th most exported product in Philippines. The main destination of Laboratory Reagents exports from Philippines are: Japan ($4.12M), Russia ($1.11M), China ($246k), India ($104k), and Ireland ($58.8k).

The fastest growing export markets for Laboratory Reagents of Philippines between 2021 and 2022 were Japan ($1.88M), Russia ($286k), and China ($232k).

Imports In 2022, Philippines imported $176M in Laboratory Reagents, becoming the 2nd largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 170th most imported product in Philippines. Philippines imports Laboratory Reagents primarily from: United States ($44M), South Korea ($19.3M), China ($15.1M), Germany ($12.9M), and Singapore ($12.3M).

The fastest growing import markets in Laboratory Reagents for Philippines between 2021 and 2022 were United Kingdom ($6.68M), Japan ($4.24M), and Ireland ($2.75M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$95.8k(683%)
IMPORT GROWTH (June 2023 - June 2024)$8.73M(155%)
MAIN DESTINATION (June 2024)Vietnam$80.9k

This section shows Laboratory Reagents'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 Laboratory Reagents 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)$5.85M
IMPORTS (2022)$176M
NET TRADE (2022)-$170M

In 2022, Philippines exported $5.85M in Laboratory Reagents. The main destinations of Philippines exports on Laboratory Reagents were Japan ($4.12M), Russia ($1.11M), China ($246k), India ($104k), and Ireland ($58.8k).

In 2022, Philippines imported $176M in Laboratory Reagents, mainly from United States ($44M), South Korea ($19.3M), China ($15.1M), Germany ($12.9M), and Singapore ($12.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$1.88M (83.6%)
Russia$286k (34.6%)
China$232k (1.61k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Philippines WERE (2021 - 2022):
Oman-$559k (-100%)
Spain-$122k (-100%)
Fiji-$92k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Laboratory Reagents were:
In 2022, Philippines's main importing competitors in Laboratory Reagents were:

Explore Visualizations

Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.32M
TOP IMPORT POTENTIALChina+ $30.6M

Laboratory Reagents’s highest export potential is Japan. With an export gap of $2.32M.   Laboratory Reagents’s highest import potential is China with an import gap of $30.6M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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