Opto-Electric Instrument Parts in   Philippines

Overview In June 2024 Philippines' Opto-Electric Instrument Parts exports accounted up to $185k and imports accounted up to $3.23M, resulting in a negative trade balance of $3.04M. Between June 2023 and June 2024 the exports of Philippines'   Opto-Electric Instrument Parts have decreased by $-1.8M (-90.7%) from $1.99M to $185k, while imports decreased by $-1.76M (-35.3%) from $4.98M to $3.23M.

Destinations In June 2024, Opto-Electric Instrument Parts were exported mostly to Australia ($71.4k), Japan ($49.6k), Singapore ($30.7k), Malaysia ($4.8k), and South Korea ($2.28k), and were imported mostly from United States ($1.29M), Germany ($573k), Japan ($354k), Bulgaria ($141k), and Singapore ($136k).

Growth In June 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 ($-288k or -28.8%). In June 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-339k or -35.2%), China ($-326k or -56.2%), and Vietnam ($-278k or -32.8%).