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2022
Exports $3.33BWorld Rnk 12 / 213
Flag Rnk 4 / 1127
2022
Destination $301M China
2021 - 2022
FASTEST GROWING MARKET $301MIndonesia
2022
PRODUCT COMPLEXITY IN Semiconductor Devices1.09Rnk 140 / 1025
2022
Imports $1.99BWorld Rnk 20 / 221
Flag Rnk 9 / 1201
2022
Origin $221M China
2021 - 2022
FASTEST GROWING ORIGIN $221MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.33B in Semiconductor Devices, making it the 12th largest exporter of Semiconductor Devices in the world. At the same year, Semiconductor Devices was the 4th most exported product in Philippines. The main destination of Semiconductor Devices exports from Philippines are: China ($611M), Hong Kong ($513M), Japan ($335M), Indonesia ($308M), and Singapore ($293M).

The fastest growing export markets for Semiconductor Devices of Philippines between 2021 and 2022 were Indonesia ($301M), Hong Kong ($167M), and Japan ($111M).

Imports In 2022, Philippines imported $1.99B in Semiconductor Devices, becoming the 20th largest importer of Semiconductor Devices in the world. At the same year, Semiconductor Devices was the 9th most imported product in Philippines. Philippines imports Semiconductor Devices primarily from: China ($505M), United Kingdom ($229M), United States ($205M), Japan ($201M), and Singapore ($189M).

The fastest growing import markets in Semiconductor Devices for Philippines between 2021 and 2022 were China ($221M), United Kingdom ($127M), and South Korea ($101M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Semiconductor Devices exports accounted up to $77.4M and imports accounted up to $81M, resulting in a negative trade balance of $3.6M. Between August 2023 and August 2024 the exports of Philippines'   Semiconductor Devices have decreased by $-21.9M (-22.1%) from $99.2M to $77.4M, while imports decreased by $-1.61M (-1.95%) from $82.6M to $81M.

Destinations In August 2024, Semiconductor Devices were exported mostly to Hong Kong ($21.9M), Japan ($17.8M), Germany ($8.34M), United States ($6.2M), and China ($6.02M), and were imported mostly from China ($38.7M), United Kingdom ($9.93M), Japan ($8.06M), Singapore ($7.05M), and United States ($3.33M).

Growth In August 2024, the decrease in Semiconductor Devices's year-by-year exports was explained primarily by a decrease in exports to United States ($-9.83M or -65.8%), Hong Kong ($-7.6M or -23.2%), and China ($-5.41M or -31.9%). In August 2024, the decrease in Semiconductor Devices's year-by-year imports was explained primarily by a decrease in imports from Japan ($-4.39M or -34.2%), Singapore ($-3.16M or -28.6%), and Hong Kong ($-2.36M or -35.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-21.9M(-22.1%)
IMPORT GROWTH (August 2023 - August 2024)$-1.61M(-1.95%)
MAIN DESTINATION (August 2024)Hong Kong$21.9M

This section shows Semiconductor Devices'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 Semiconductor Devices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.33B
IMPORTS (2022)$1.99B
NET TRADE (2022)$1.35B

In 2022, Philippines exported $3.33B in Semiconductor Devices. The main destinations of Philippines exports on Semiconductor Devices were China ($611M), Hong Kong ($513M), Japan ($335M), Indonesia ($308M), and Singapore ($293M).

In 2022, Philippines imported $1.99B in Semiconductor Devices, mainly from China ($505M), United Kingdom ($229M), United States ($205M), Japan ($201M), and Singapore ($189M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semiconductor Devices EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$301M (3.97k%)
Hong Kong$167M (48.3%)
Japan$111M (49.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semiconductor Devices BY Philippines WERE (2021 - 2022):
Mexico-$36M (-23.3%)
France-$15.8M (-24.3%)
Russia-$11.1M (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Semiconductor Devices were:
China $70.2B
Japan $9.88B
Malaysia $9.24B
In 2022, Philippines's main importing competitors in Semiconductor Devices were:
China $23B
Hong Kong $18.3B
United States $16.6B

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Trade Value of Semiconductor Devices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $526M
TOP IMPORT POTENTIALChina+ $224M

Semiconductor Devices’s highest export potential is China. With an export gap of $526M.   Semiconductor Devices’s highest import potential is China with an import gap of $224M.

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