Medical Instruments in   Philippines

Overview In July 2024 Philippines' Medical Instruments exports accounted up to $19.5M and imports accounted up to $34.3M, resulting in a negative trade balance of $14.8M. Between July 2023 and July 2024 the exports of Philippines'   Medical Instruments have decreased by $-2M (-9.29%) from $21.5M to $19.5M, while imports increased by $2.18M (6.78%) from $32.1M to $34.3M.

Destinations In July 2024, Medical Instruments were exported mostly to United States ($4.7M), Japan ($4.06M), South Korea ($2.41M), Belgium ($1.95M), and Thailand ($1.57M), and were imported mostly from United States ($6.54M), China ($6.45M), Germany ($3.37M), Japan ($3.35M), and Singapore ($2.63M).

Growth In July 2024, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.72M or -31%), Belgium ($-788k or -49.4%), and Japan ($-746k or -13.2%). In July 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Germany ($1.93M or 120%), Japan ($1.63M or 90.8%), and Costa Rica ($927k or 328%).