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2023
Exports $413kWorld Rnk 58 / 171
Flag Rnk 687 / 1123
2023
Destination $67.8k Singapore
2022 - 2023
FASTEST GROWING MARKET $67.8kGermany
2023
PRODUCT COMPLEXITY IN Sound Recording Equipment0.41Rnk 405 / 1025
2023
Imports $5.39MWorld Rnk 59 / 209
Flag Rnk 778 / 1202
2023
Origin $128k China
2022 - 2023
FASTEST GROWING ORIGIN $128kMalaysia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $413k in Sound Recording Equipment, making it the 58th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 687th most exported product in Philippines. The main destination of Sound Recording Equipment exports from Philippines are: Singapore ($173k), Germany ($69.6k), United States ($47.9k), China ($37.2k), and Spain ($25.9k).

The fastest growing export markets for Sound Recording Equipment of Philippines between 2022 and 2023 were Germany ($67.8k), China ($23.7k), and Spain ($22.3k).

Imports In 2023, Philippines imported $5.39M in Sound Recording Equipment, becoming the 59th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 778th most imported product in Philippines. Philippines imports Sound Recording Equipment primarily from: China ($4.06M), United States ($405k), Singapore ($236k), Malaysia ($186k), and United Kingdom ($141k).

The fastest growing import markets in Sound Recording Equipment for Philippines between 2022 and 2023 were Malaysia ($128k), Indonesia ($30.4k), and Italy ($15.1k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Sound Recording Equipment exports accounted up to $165k and imports accounted up to $218k, resulting in a negative trade balance of $53k. Between August 2022 and July 2024 the exports of Philippines'   Sound Recording Equipment have increased by $164k (15.7k%) from $1.04k to $165k, while imports increased by $136k (166%) from $81.9k to $218k.

Destinations In July 2024, Sound Recording Equipment were exported mostly to Austria ($130k), China ($20k), Malaysia ($8.94k), and Chinese Taipei ($6.06k), and were imported mostly from China ($107k), United States ($74.6k), Japan ($11.6k), Australia ($11.2k), and Chinese Taipei ($10.4k).

Growth In July 2024, the increase in Sound Recording Equipment's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Sound Recording Equipment's year-by-year imports was explained primarily by an increase in imports from China ($40.4k or 216%), United States ($40.1k or 125k%), and Malaysia ($1.36k or 83.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - July 2024)$164k(15.7k%)
IMPORT GROWTH (July 2023 - July 2024)$136k(166%)
MAIN DESTINATION (July 2024)Austria$130k

This section shows Sound Recording 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 Sound Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$413k
IMPORTS (2023)$5.39M
NET TRADE (2023)-$4.97M

In 2023, Philippines exported $413k in Sound Recording Equipment. The main destinations of Philippines exports on Sound Recording Equipment were Singapore ($173k), Germany ($69.6k), United States ($47.9k), China ($37.2k), and Spain ($25.9k).

In 2023, Philippines imported $5.39M in Sound Recording Equipment, mainly from China ($4.06M), United States ($405k), Singapore ($236k), Malaysia ($186k), and United Kingdom ($141k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Germany$67.8k (3.87k%)
China$23.7k (175%)
Spain$22.3k (612%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Philippines WERE (2022 - 2023):
Singapore-$6.06M (-97.2%)
United States-$220k (-82.1%)
Japan-$13.6k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Sound Recording Equipment were:
China $2.14B
Vietnam $402M
Netherlands $211M
In 2023, Philippines's main importing competitors in Sound Recording Equipment were:
United States $1.01B
Germany $388M
Netherlands $243M

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $583k
TOP IMPORT POTENTIALChina+ $2.06M

Sound Recording Equipment’s highest export potential is United States. With an export gap of $583k.   Sound Recording Equipment’s highest import potential is China with an import gap of $2.06M.

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