Photo Lab Equipment in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $2.73M in Photo Lab Equipment, making it the 30th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 477th most exported product in Philippines. The main destination of Photo Lab Equipment exports from Philippines are: Japan ($1.48M), China ($504k), South Korea ($208k), Malaysia ($188k), and Singapore ($163k).

The fastest growing export markets for Photo Lab Equipment of Philippines between 2021 and 2022 were China ($411k), India ($29.5k), and Jordan ($9.67k).

Imports In 2022, Philippines imported $125M in Photo Lab Equipment, becoming the 5th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 226th most imported product in Philippines. Philippines imports Photo Lab Equipment primarily from: Japan ($68.4M), Vietnam ($24.6M), Hong Kong ($10.3M), South Korea ($7.68M), and Malaysia ($3.34M).

The fastest growing import markets in Photo Lab Equipment for Philippines between 2021 and 2022 were Japan ($12.1M), Vietnam ($5.96M), and South Korea ($4.08M).

Latest Trends

August 2021

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Overview In August 2021 Philippines' Photo Lab Equipment exports accounted up to $15.4k and imports accounted up to $1.44M, resulting in a negative trade balance of $1.43M. Between January 2019 and August 2021 the exports of Philippines' Photo Lab Equipment have decreased by $-177k (-92%) from $193k to $15.4k, while imports decreased by $-480k (-25%) from $1.92M to $1.44M.

Destinations In August 2021, Photo Lab Equipment were exported mostly to Italy ($15.4k), and were imported mostly from Vietnam ($989k), Hong Kong ($262k), Japan ($112k), Indonesia ($48.3k), and China ($22.4k).

Growth In August 2021, the decrease in Photo Lab Equipment's year-by-year exports was explained primarily by a decrease in exports to . In August 2021, the decrease in Photo Lab Equipment's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-626k or -60.1%), China ($-59.7k or -38%), and Japan ($-24.6k or -17.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2019 - August 2021)$-177k(-92%)

IMPORT GROWTH (August 2020 - August 2021)$-480k(-25%)

MAIN DESTINATION (August 2021)Italy$15.4k

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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