Opto-Electric Instrument Parts in   Philippines

Overview In August 2024 Philippines' Opto-Electric Instrument Parts exports accounted up to $20.4k and imports accounted up to $4.72M, resulting in a negative trade balance of $4.7M. Between August 2023 and August 2024 the exports of Philippines'   Opto-Electric Instrument Parts have decreased by $-2.17M (-99.1%) from $2.19M to $20.4k, while imports decreased by $-1.5M (-24.1%) from $6.22M to $4.72M.

Destinations In August 2024, Opto-Electric Instrument Parts were exported mostly to Japan ($4.4k), Germany ($1.06k), and Hong Kong ($271), and were imported mostly from United States ($1.54M), Germany ($619k), Japan ($584k), China ($357k), and Singapore ($356k).

Growth In August 2024, the decrease in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by a decrease in exports to United States ($-708k or -90.3%), Malaysia ($-378k or -76.6%), and Poland ($-288k or -28.8%). In August 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-339k or -35.2%), China ($-326k or -56.2%), and Vietnam ($-278k or -32.8%).