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2022
Exports $232MWorld Rnk 27 / 207
Flag Rnk 53 / 1127
2022
Destination $10.6M Denmark
2021 - 2022
FASTEST GROWING MARKET $10.6MNetherlands
2022
PRODUCT COMPLEXITY IN Orthopedic Appliances0.98Rnk 180 / 1025
2022
Imports $251MWorld Rnk 40 / 221
Flag Rnk 131 / 1201
2022
Origin $31.7M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $31.7MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $232M in Orthopedic Appliances, making it the 27th largest exporter of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 53rd most exported product in Philippines. The main destination of Orthopedic Appliances exports from Philippines are: Denmark ($46.4M), Singapore ($36.1M), United States ($34.9M), Germany ($21.9M), and Netherlands ($21.4M).

The fastest growing export markets for Orthopedic Appliances of Philippines between 2021 and 2022 were Netherlands ($10.6M), Germany ($5.87M), and Brazil ($4.68M).

Imports In 2022, Philippines imported $251M in Orthopedic Appliances, becoming the 40th largest importer of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 131st most imported product in Philippines. Philippines imports Orthopedic Appliances primarily from: Singapore ($89.2M), Poland ($31.9M), Denmark ($26.3M), United States ($14.6M), and Italy ($14.1M).

The fastest growing import markets in Orthopedic Appliances for Philippines between 2021 and 2022 were Singapore ($31.7M), China ($4.2M), and Vietnam ($3.92M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Orthopedic Appliances exports accounted up to $22.6M and imports accounted up to $8.39M, resulting in a positive trade balance of $14.2M. Between August 2023 and August 2024 the exports of Philippines'   Orthopedic Appliances have increased by $3.36M (17.5%) from $19.2M to $22.6M, while imports decreased by $-1.19M (-12.4%) from $9.59M to $8.39M.

Destinations In August 2024, Orthopedic Appliances were exported mostly to United States ($3.59M), Poland ($3.45M), Denmark ($2.82M), Singapore ($2.53M), and Japan ($2.5M), and were imported mostly from Singapore ($3.17M), Denmark ($1.15M), Ireland ($1.03M), United States ($846k), and Mexico ($463k).

Growth In August 2024, the increase in Orthopedic Appliances's year-by-year exports was explained primarily by an increase in exports to Poland ($1.02M or 41.3%), India ($701k or 98.2%), and Denmark ($485k or 11.3%). In August 2024, the decrease in Orthopedic Appliances's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-462k or -75%), China ($-244k or -35.7%), and Denmark ($-98.6k or -53%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$3.36M(17.5%)
IMPORT GROWTH (August 2023 - August 2024)$-1.19M(-12.4%)
MAIN DESTINATION (August 2024)United States$3.59M

This section shows Orthopedic Appliances'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 Orthopedic Appliances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$232M
IMPORTS (2022)$251M
NET TRADE (2022)-$18.9M

In 2022, Philippines exported $232M in Orthopedic Appliances. The main destinations of Philippines exports on Orthopedic Appliances were Denmark ($46.4M), Singapore ($36.1M), United States ($34.9M), Germany ($21.9M), and Netherlands ($21.4M).

In 2022, Philippines imported $251M in Orthopedic Appliances, mainly from Singapore ($89.2M), Poland ($31.9M), Denmark ($26.3M), United States ($14.6M), and Italy ($14.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Orthopedic Appliances EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$10.6M (97.9%)
Germany$5.87M (36.6%)
Brazil$4.68M (582%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Orthopedic Appliances BY Philippines WERE (2021 - 2022):
Denmark-$9.72M (-17.3%)
United States-$9.59M (-21.6%)
China-$5.89M (-71.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Orthopedic Appliances were:
United States $12.2B
Netherlands $9.21B
Switzerland $7.42B
In 2022, Philippines's main importing competitors in Orthopedic Appliances were:
United States $14.1B
Netherlands $7.77B
Germany $5.39B

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Trade Value of Orthopedic Appliances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.1M
TOP IMPORT POTENTIALUnited States+ $13.9M

Orthopedic Appliances’s highest export potential is United States. With an export gap of $31.1M.   Orthopedic Appliances’s highest import potential is United States with an import gap of $13.9M.

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