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2022
Exports $3.61MWorld Rnk 56 / 183
Flag Rnk 444 / 1127
2022
Destination $778k Japan
2021 - 2022
FASTEST GROWING MARKET $778kUnited States
2022
PRODUCT COMPLEXITY IN Therapeutic Appliances0.48Rnk 372 / 1025
2022
Imports $48.6MWorld Rnk 50 / 221
Flag Rnk 388 / 1201
2022
Origin $855k China
2021 - 2022
FASTEST GROWING ORIGIN $855kIreland
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.61M in Therapeutic Appliances, making it the 56th largest exporter of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 444th most exported product in Philippines. The main destination of Therapeutic Appliances exports from Philippines are: Japan ($1.53M), United States ($925k), Netherlands ($412k), Oman ($366k), and Spain ($140k).

The fastest growing export markets for Therapeutic Appliances of Philippines between 2021 and 2022 were United States ($778k), Japan ($532k), and Netherlands ($396k).

Imports In 2022, Philippines imported $48.6M in Therapeutic Appliances, becoming the 50th largest importer of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 388th most imported product in Philippines. Philippines imports Therapeutic Appliances primarily from: China ($33.7M), United States ($2.57M), Australia ($1.71M), Germany ($1.49M), and Hong Kong ($1.19M).

The fastest growing import markets in Therapeutic Appliances for Philippines between 2021 and 2022 were Ireland ($855k), Malaysia ($555k), and Australia ($541k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Therapeutic Appliances exports accounted up to $80k and imports accounted up to $2.52M, resulting in a negative trade balance of $2.44M. Between July 2023 and September 2024 the exports of Philippines'   Therapeutic Appliances have decreased by $-332k (-80.6%) from $412k to $80k, while imports increased by $988k (64.4%) from $1.53M to $2.52M.

Destinations In September 2024, Therapeutic Appliances were exported mostly to Japan ($79.8k), China ($150), and Hong Kong ($62), and were imported mostly from China ($1.38M), Switzerland ($235k), Hong Kong ($178k), Germany ($162k), and Malaysia ($131k).

Growth In September 2024, the decrease in Therapeutic Appliances's year-by-year exports was explained primarily by a decrease in exports to Canada ($-2.73k or -57.4%) and Australia ($-355 or -13.2%). In September 2024, the increase in Therapeutic Appliances's year-by-year imports was explained primarily by an increase in imports from Vietnam ($62.6k or 487%), Germany ($61k or 48.4k%), and Singapore ($13.3k or 29.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - September 2024)$-332k(-80.6%)
IMPORT GROWTH (September 2023 - September 2024)$988k(64.4%)
MAIN DESTINATION (September 2024)Japan$79.8k

This section shows Therapeutic Appliances'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 Therapeutic Appliances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.61M
IMPORTS (2022)$48.6M
NET TRADE (2022)-$45M

In 2022, Philippines exported $3.61M in Therapeutic Appliances. The main destinations of Philippines exports on Therapeutic Appliances were Japan ($1.53M), United States ($925k), Netherlands ($412k), Oman ($366k), and Spain ($140k).

In 2022, Philippines imported $48.6M in Therapeutic Appliances, mainly from China ($33.7M), United States ($2.57M), Australia ($1.71M), Germany ($1.49M), and Hong Kong ($1.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Therapeutic Appliances EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$778k (531%)
Japan$532k (53.6%)
Netherlands$396k (2.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Therapeutic Appliances BY Philippines WERE (2021 - 2022):
Costa Rica-$109k (-100%)
Vietnam-$63k (-76.5%)
Israel-$53.5k (-94.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Therapeutic Appliances were:
China $7.26B
United States $1.93B
Singapore $1.49B
In 2022, Philippines's main importing competitors in Therapeutic Appliances were:
United States $5.9B
Germany $1.31B
Netherlands $1.2B

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Trade Value of Therapeutic Appliances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.41M
TOP IMPORT POTENTIALChina+ $10.9M

Therapeutic Appliances’s highest export potential is United States. With an export gap of $1.41M.   Therapeutic Appliances’s highest import potential is China with an import gap of $10.9M.

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