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2022
Exports $4.95MWorld Rnk 36 / 122
Flag Rnk 411 / 1127
2022
Destination $2.49M Japan
2021 - 2022
FASTEST GROWING MARKET $2.49MJapan
2022
PRODUCT COMPLEXITY IN Steam Turbines0.39Rnk 412 / 1025
2022
Imports $39.7MWorld Rnk 26 / 191
Flag Rnk 432 / 1201
2022
Origin $10.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $10.2MGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.95M in Steam Turbines, making it the 36th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 411th most exported product in Philippines. The main destination of Steam Turbines exports from Philippines are: Japan ($2.49M), India ($2.23M), Poland ($72k), Chinese Taipei ($46k), and Oman ($43.9k).

The fastest growing export markets for Steam Turbines of Philippines between 2021 and 2022 were Japan ($2.49M), India ($2.23M), and Poland ($72k).

Imports In 2022, Philippines imported $39.7M in Steam Turbines, becoming the 26th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 432nd most imported product in Philippines. Philippines imports Steam Turbines primarily from: Germany ($10.6M), Japan ($9.19M), Italy ($6.86M), India ($4.7M), and China ($3.52M).

The fastest growing import markets in Steam Turbines for Philippines between 2021 and 2022 were Germany ($10.2M), Italy ($5.86M), and India ($3.09M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Steam Turbines exports accounted up to $1.45k and imports accounted up to $3.13M, resulting in a negative trade balance of $3.13M. Between January 2022 and July 2024 the exports of Philippines'   Steam Turbines have decreased by $-16.8k (-92.1%) from $18.3k to $1.45k, while imports increased by $2.53M (418%) from $605k to $3.13M.

Destinations In July 2024, Steam Turbines were exported mostly to , and were imported mostly from Italy ($1.51M), Japan ($1.36M), Germany ($72.3k), United States ($55.6k), and India ($52.4k).

Growth In July 2024, the decrease in Steam Turbines's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Steam Turbines's year-by-year imports was explained primarily by an increase in imports from India ($5.97M or 14.6k%) and Chinese Taipei ($539k or 183%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2022 - July 2024)$-16.8k(-92.1%)
IMPORT GROWTH (August 2023 - August 2024)$2.53M(418%)
MAIN DESTINATION (July 2024)

This section shows Steam Turbines'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 Steam Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.95M
IMPORTS (2022)$39.7M
NET TRADE (2022)-$34.7M

In 2022, Philippines exported $4.95M in Steam Turbines. The main destinations of Philippines exports on Steam Turbines were Japan ($2.49M), India ($2.23M), Poland ($72k), Chinese Taipei ($46k), and Oman ($43.9k).

In 2022, Philippines imported $39.7M in Steam Turbines, mainly from Germany ($10.6M), Japan ($9.19M), Italy ($6.86M), India ($4.7M), and China ($3.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$2.49M (9.23M%)
India$2.23M (1%)
Poland$72k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Philippines WERE (2021 - 2022):
Germany-$208k (-91.9%)
New Zealand-$56.8k (-69.2%)
Chinese Taipei-$55.8k (-54.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Steam Turbines were:
Japan $678M
Germany $516M
China $502M
In 2022, Philippines's main importing competitors in Steam Turbines were:
Indonesia $262M
United States $211M
Bangladesh $188M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $389k
TOP IMPORT POTENTIALChina+ $2.02M

Steam Turbines’s highest export potential is India. With an export gap of $389k.   Steam Turbines’s highest import potential is China with an import gap of $2.02M.

See methodology.

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