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2022
Exports $166MWorld Rnk 32 / 216
Flag Rnk 72 / 1127
2022
Destination $9.61M Japan
2021 - 2022
FASTEST GROWING MARKET $9.61MGermany
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery1.33Rnk 86 / 1025
2022
Imports $363MWorld Rnk 33 / 224
Flag Rnk 95 / 1201
2022
Origin $24.2M China
2021 - 2022
FASTEST GROWING ORIGIN $24.2MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $166M in Other Electrical Machinery, making it the 32nd largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 72nd most exported product in Philippines. The main destination of Other Electrical Machinery exports from Philippines are: Japan ($27.4M), Germany ($25.2M), United States ($19.6M), China ($14.6M), and Chinese Taipei ($13.3M).

The fastest growing export markets for Other Electrical Machinery of Philippines between 2021 and 2022 were Germany ($9.61M), Chinese Taipei ($7.62M), and South Africa ($3.89M).

Imports In 2022, Philippines imported $363M in Other Electrical Machinery, becoming the 33rd largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 95th most imported product in Philippines. Philippines imports Other Electrical Machinery primarily from: China ($196M), Japan ($38.5M), Singapore ($35M), Hong Kong ($16.6M), and South Korea ($14.3M).

The fastest growing import markets in Other Electrical Machinery for Philippines between 2021 and 2022 were China ($24.2M), Portugal ($5.09M), and United States ($5.04M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Other Electrical Machinery exports accounted up to $4.63M and imports accounted up to $9.83M, resulting in a negative trade balance of $5.2M. Between August 2023 and August 2024 the exports of Philippines'   Other Electrical Machinery have increased by $3.36M (265%) from $1.27M to $4.63M, while imports decreased by $-1.91M (-16.2%) from $11.7M to $9.83M.

Destinations In August 2024, Other Electrical Machinery were exported mostly to Malaysia ($950k), South Africa ($809k), Germany ($785k), United States ($407k), and United Kingdom ($302k), and were imported mostly from China ($3.01M), Japan ($1.72M), Malaysia ($878k), Germany ($819k), and United States ($731k).

Growth In August 2024, the increase in Other Electrical Machinery's year-by-year exports was explained primarily by an increase in exports to Germany ($193k or 9.44k%), Australia ($107k or 50.3%), and United States ($105k or 371%). In August 2024, the decrease in Other Electrical Machinery's year-by-year imports was explained primarily by a decrease in imports from China ($-1.04M or -23%), Hong Kong ($-283k or -29%), and Vietnam ($-260k or -95%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$3.36M(265%)
IMPORT GROWTH (August 2023 - August 2024)$-1.91M(-16.2%)
MAIN DESTINATION (August 2024)Malaysia$950k

This section shows Other Electrical Machinery'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 Other Electrical Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$166M
IMPORTS (2022)$363M
NET TRADE (2022)-$197M

In 2022, Philippines exported $166M in Other Electrical Machinery. The main destinations of Philippines exports on Other Electrical Machinery were Japan ($27.4M), Germany ($25.2M), United States ($19.6M), China ($14.6M), and Chinese Taipei ($13.3M).

In 2022, Philippines imported $363M in Other Electrical Machinery, mainly from China ($196M), Japan ($38.5M), Singapore ($35M), Hong Kong ($16.6M), and South Korea ($14.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$9.61M (61.6%)
Chinese Taipei$7.62M (134%)
South Africa$3.89M (53.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Philippines WERE (2021 - 2022):
United States-$11.6M (-37.2%)
Singapore-$10.9M (-68.4%)
South Korea-$9.46M (-78.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Electrical Machinery were:
China $27.5B
Germany $4.81B
United States $4.57B
In 2022, Philippines's main importing competitors in Other Electrical Machinery were:
United States $18.2B
China $4.55B
Germany $3.76B

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $43.3M
TOP IMPORT POTENTIALChina+ $51.1M

Other Electrical Machinery’s highest export potential is China. With an export gap of $43.3M.   Other Electrical Machinery’s highest import potential is China with an import gap of $51.1M.

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