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2022
Exports $361MWorld Rnk 19 / 200
Flag Rnk 39 / 1127
2022
Destination $14.9M Japan
2021 - 2022
FASTEST GROWING MARKET $14.9MThailand
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $72.9MWorld Rnk 46 / 220
Flag Rnk 323 / 1201
2022
Origin $15.2M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $15.2MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $361M in Navigation Equipment, making it the 19th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 39th most exported product in Philippines. The main destination of Navigation Equipment exports from Philippines are: Japan ($274M), Thailand ($29.5M), China ($19.4M), United States ($13.8M), and Germany ($9.38M).

The fastest growing export markets for Navigation Equipment of Philippines between 2021 and 2022 were Thailand ($14.9M), United States ($3.61M), and Germany ($2.34M).

Imports In 2022, Philippines imported $72.9M in Navigation Equipment, becoming the 46th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 323rd most imported product in Philippines. Philippines imports Navigation Equipment primarily from: South Korea ($20.7M), Japan ($19M), China ($9.02M), United States ($7.46M), and Israel ($3.8M).

The fastest growing import markets in Navigation Equipment for Philippines between 2021 and 2022 were Japan ($15.2M), Israel ($3.71M), and China ($2.8M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Navigation Equipment exports accounted up to $34M and imports accounted up to $3.61M, resulting in a positive trade balance of $30.3M. Between August 2023 and August 2024 the exports of Philippines'   Navigation Equipment have decreased by $-9.95M (-22.7%) from $43.9M to $34M, while imports increased by $104k (2.98%) from $3.51M to $3.61M.

Destinations In August 2024, Navigation Equipment were exported mostly to Japan ($25.8M), United States ($3.95M), Thailand ($2.13M), China ($558k), and Argentina ($210k), and were imported mostly from South Korea ($1.17M), Israel ($1.01M), Vietnam ($583k), China ($178k), and Singapore ($176k).

Growth In August 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to China ($-1.72M or -68.6%), Chinese Taipei ($-274k or -99.9%), and South Korea ($-39.2k or -83%). In August 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Japan ($511k or 1.75k%), United States ($163k or 61.7%), and China ($125k or 121%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-9.95M(-22.7%)
IMPORT GROWTH (August 2023 - August 2024)$104k(2.98%)
MAIN DESTINATION (August 2024)Japan$25.8M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$361M
IMPORTS (2022)$72.9M
NET TRADE (2022)$288M

In 2022, Philippines exported $361M in Navigation Equipment. The main destinations of Philippines exports on Navigation Equipment were Japan ($274M), Thailand ($29.5M), China ($19.4M), United States ($13.8M), and Germany ($9.38M).

In 2022, Philippines imported $72.9M in Navigation Equipment, mainly from South Korea ($20.7M), Japan ($19M), China ($9.02M), United States ($7.46M), and Israel ($3.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$14.9M (103%)
United States$3.61M (35.5%)
Germany$2.34M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Philippines WERE (2021 - 2022):
Japan-$40.5M (-12.9%)
Azerbaijan-$1.25M (-98.2%)
China-$859k (-4.25%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, Philippines's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.3M
TOP IMPORT POTENTIALChina+ $8.14M

Navigation Equipment’s highest export potential is United States. With an export gap of $15.3M.   Navigation Equipment’s highest import potential is China with an import gap of $8.14M.

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