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2023
Exports $5.3MWorld Rnk 18 / 132
Flag Rnk 389 / 1123
2023
Destination $1.82M China
2022 - 2023
FASTEST GROWING MARKET $1.82MChina
2023
PRODUCT COMPLEXITY IN Photo Lab Equipment1.85Rnk 9 / 1025
2023
Imports $63.2MWorld Rnk 4 / 206
Flag Rnk 290 / 1202
2023
Origin $571k Japan
2022 - 2023
FASTEST GROWING ORIGIN $571kUnited States
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $5.3M in Photo Lab Equipment, making it the 18th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 389th most exported product in Philippines. The main destination of Photo Lab Equipment exports from Philippines are: China ($2.33M), Singapore ($968k), Japan ($549k), United States ($469k), and Vietnam ($435k).

The fastest growing export markets for Photo Lab Equipment of Philippines between 2022 and 2023 were China ($1.82M), Singapore ($805k), and United States ($462k).

Imports In 2023, Philippines imported $63.2M in Photo Lab Equipment, becoming the 4th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 290th most imported product in Philippines. Philippines imports Photo Lab Equipment primarily from: Japan ($29.6M), Vietnam ($9.26M), South Korea ($5.6M), Malaysia ($4.1M), and China ($4.01M).

The fastest growing import markets in Photo Lab Equipment for Philippines between 2022 and 2023 were United States ($571k), Chinese Taipei ($470k), and Canada ($31.5k).

Latest Trends

March 2024

About

Overview In March 2024 Philippines' Photo Lab Equipment exports accounted up to $2.4k and imports accounted up to $104k, resulting in a negative trade balance of $102k. Between August 2019 and March 2024 the exports of Philippines'   Photo Lab Equipment have decreased by $-2.21M (-99.9%) from $2.21M to $2.4k, while imports decreased by $-2.16M (-95.4%) from $2.26M to $104k.

Destinations In March 2024, Photo Lab Equipment were exported mostly to , and were imported mostly from China ($46.6k), Japan ($19.1k), Germany ($11.9k), Thailand ($7.76k), and India ($6.82k).

Growth In March 2024, the decrease in Photo Lab Equipment's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Photo Lab Equipment's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-547k or -31.4%), Hong Kong ($-19.2k or -17.2%), and Japan ($-9.97k or -18.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2019 - March 2024)$-2.21M(-99.9%)
IMPORT GROWTH (July 2023 - July 2024)$-2.16M(-95.4%)
MAIN DESTINATION (March 2024)

This section shows Photo Lab 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 Photo Lab Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.3M
IMPORTS (2023)$63.2M
NET TRADE (2023)-$57.9M

In 2023, Philippines exported $5.3M in Photo Lab Equipment. The main destinations of Philippines exports on Photo Lab Equipment were China ($2.33M), Singapore ($968k), Japan ($549k), United States ($469k), and Vietnam ($435k).

In 2023, Philippines imported $63.2M in Photo Lab Equipment, mainly from Japan ($29.6M), Vietnam ($9.26M), South Korea ($5.6M), Malaysia ($4.1M), and China ($4.01M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$1.82M (362%)
Singapore$805k (496%)
United States$462k (7.37k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY Philippines WERE (2022 - 2023):
Japan-$935k (-63%)
South Korea-$199k (-95.5%)
Chinese Taipei-$84.5k (-92.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Photo Lab Equipment were:
Japan $244M
China $156M
United States $56.2M
In 2023, Philippines's main importing competitors in Photo Lab Equipment were:
China $192M
Chinese Taipei $73.2M
United States $67.8M

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Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.74k
TOP IMPORT POTENTIALChina+ $252k

Photo Lab Equipment’s highest export potential is United States. With an export gap of $7.74k.   Photo Lab Equipment’s highest import potential is China with an import gap of $252k.

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