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2022
Exports $17.1MWorld Rnk 62 / 221
Flag Rnk 283 / 1127
2022
Destination $790k Japan
2021 - 2022
FASTEST GROWING MARKET $790kChina
2022
PRODUCT COMPLEXITY IN Liquid Pumps1.19Rnk 105 / 1025
2022
Imports $268MWorld Rnk 47 / 225
Flag Rnk 125 / 1201
2022
Origin $12.1M China
2021 - 2022
FASTEST GROWING ORIGIN $12.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $17.1M in Liquid Pumps, making it the 62nd largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 283rd most exported product in Philippines. The main destination of Liquid Pumps exports from Philippines are: Japan ($7.62M), Singapore ($1.55M), Indonesia ($1.1M), China ($929k), and Chinese Taipei ($826k).

The fastest growing export markets for Liquid Pumps of Philippines between 2021 and 2022 were China ($790k), India ($678k), and Chinese Taipei ($634k).

Imports In 2022, Philippines imported $268M in Liquid Pumps, becoming the 47th largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 125th most imported product in Philippines. Philippines imports Liquid Pumps primarily from: China ($111M), Japan ($27.3M), United States ($19.4M), South Korea ($16.4M), and Italy ($13M).

The fastest growing import markets in Liquid Pumps for Philippines between 2021 and 2022 were China ($12.1M), South Korea ($8.29M), and United States ($2.82M).

COMPANIES In 2023, leading companies such as JP Boden Services (1) were at the forefront of shipping Liquid Pumps from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Liquid Pumps exports accounted up to $742k and imports accounted up to $20.1M, resulting in a negative trade balance of $19.3M. Between October 2023 and October 2024 the exports of Philippines'   Liquid Pumps have decreased by $-890k (-54.5%) from $1.63M to $742k, while imports increased by $7.21M (56.1%) from $12.8M to $20.1M.

Destinations In October 2024, Liquid Pumps were exported mostly to Japan ($186k), Thailand ($181k), Brazil ($159k), United States ($117k), and United Arab Emirates ($19.6k), and were imported mostly from China ($7.27M), Japan ($2.69M), United States ($2.59M), Germany ($1.35M), and India ($1.22M).

Growth In October 2024, the decrease in Liquid Pumps's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-202k or -66.3%), Japan ($-137k or -36%), and South Korea ($-107k or -99.3%). In October 2024, the increase in Liquid Pumps's year-by-year imports was explained primarily by an increase in imports from India ($1.32M or 306%), Germany ($1.25M or 186%), and Australia ($817k or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-890k(-54.5%)
IMPORT GROWTH (October 2023 - October 2024)$7.21M(56.1%)
MAIN DESTINATION (October 2024)Japan$186k

This section shows Liquid Pumps'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 Liquid Pumps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.1M
IMPORTS (2022)$268M
NET TRADE (2022)-$251M

In 2022, Philippines exported $17.1M in Liquid Pumps. The main destinations of Philippines exports on Liquid Pumps were Japan ($7.62M), Singapore ($1.55M), Indonesia ($1.1M), China ($929k), and Chinese Taipei ($826k).

In 2022, Philippines imported $268M in Liquid Pumps, mainly from China ($111M), Japan ($27.3M), United States ($19.4M), South Korea ($16.4M), and Italy ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$790k (572%)
India$678k (3.11k%)
Chinese Taipei$634k (331%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY Philippines WERE (2021 - 2022):
Egypt-$389k (-94.3%)
Oman-$328k (-61.6%)
Netherlands-$224k (-65.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Liquid Pumps were:
China $12.2B
Germany $11B
United States $8.25B
In 2022, Philippines's main importing competitors in Liquid Pumps were:
United States $11.7B
Germany $5.33B
China $4.29B

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Trade Value of Liquid Pumps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.83M
TOP IMPORT POTENTIALChina+ $39.4M

Liquid Pumps’s highest export potential is Japan. With an export gap of $2.83M.   Liquid Pumps’s highest import potential is China with an import gap of $39.4M.

See methodology.

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