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2022
Exports $57.8MWorld Rnk 51 / 213
Flag Rnk 158 / 1127
2022
Destination $2.65M United States
2021 - 2022
FASTEST GROWING MARKET $2.65MUnited States
2022
PRODUCT COMPLEXITY IN Refrigerators0.56Rnk 339 / 1025
2022
Imports $479MWorld Rnk 32 / 224
Flag Rnk 76 / 1201
2022
Origin $55M China
2021 - 2022
FASTEST GROWING ORIGIN $55MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $57.8M in Refrigerators, making it the 51st largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 158th most exported product in Philippines. The main destination of Refrigerators exports from Philippines are: United States ($12.6M), Japan ($9.67M), Czechia ($9.4M), United Kingdom ($8.79M), and Germany ($5.58M).

The fastest growing export markets for Refrigerators of Philippines between 2021 and 2022 were United States ($2.65M), Germany ($2.21M), and France ($1.53M).

Imports In 2018, Philippines imported $479M in Refrigerators, becoming the 32nd largest importer of Refrigerators in the world. At the same year, Refrigerators was the 76th most imported product in Philippines. Philippines imports Refrigerators primarily from: China ($261M), Thailand ($63M), Vietnam ($57.9M), Indonesia ($26.4M), and South Korea ($12.6M).

The fastest growing import markets in Refrigerators for Philippines between 2021 and 2022 were China ($55M), Vietnam ($22.7M), and Thailand ($10.5M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Refrigerators exports accounted up to $1.38M and imports accounted up to $47.3M, resulting in a negative trade balance of $46M. Between August 2023 and August 2024 the exports of Philippines'   Refrigerators have decreased by $-246k (-15.1%) from $1.62M to $1.38M, while imports increased by $11.6M (32.6%) from $35.7M to $47.3M.

Destinations In August 2024, Refrigerators were exported mostly to Japan ($840k), United Kingdom ($118k), United States ($104k), Brazil ($91.5k), and Germany ($74.1k), and were imported mostly from China ($23.4M), Thailand ($9.64M), Vietnam ($5.42M), Indonesia ($2.34M), and Italy ($1.62M).

Growth In August 2024, the decrease in Refrigerators's year-by-year exports was explained primarily by a decrease in exports to China ($-109k or -99.9%), Thailand ($-27.4k or -52%), and Chinese Taipei ($-3.03k or -16.7%). In August 2024, the increase in Refrigerators's year-by-year imports was explained primarily by an increase in imports from China ($7.05M or 42.6%), United States ($2.78M or 1.05k%), and South Korea ($761k or 139%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-246k(-15.1%)
IMPORT GROWTH (August 2023 - August 2024)$11.6M(32.6%)
MAIN DESTINATION (August 2024)Japan$840k

This section shows Refrigerators'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 Refrigerators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.8M
IMPORTS (2022)$479M
NET TRADE (2022)-$421M

In 2022, Philippines exported $57.8M in Refrigerators. The main destinations of Philippines exports on Refrigerators were United States ($12.6M), Japan ($9.67M), Czechia ($9.4M), United Kingdom ($8.79M), and Germany ($5.58M).

In 2022, Philippines imported $479M in Refrigerators, mainly from China ($261M), Thailand ($63M), Vietnam ($57.9M), Indonesia ($26.4M), and South Korea ($12.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$2.65M (26.5%)
Germany$2.21M (65.5%)
France$1.53M (86.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Philippines WERE (2021 - 2022):
Japan-$2.22M (-18.7%)
Poland-$560k (-56.6%)
Czechia-$499k (-5.04%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, Philippines's main importing competitors in Refrigerators were:
United States $14B
Germany $4.27B
France $2.82B

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALChina+ $56.2M

Refrigerators’s highest export potential is United States. With an export gap of $13.8M.   Refrigerators’s highest import potential is China with an import gap of $56.2M.

See methodology.

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