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2023
Exports $5.91MWorld Rnk 51 / 192
Flag Rnk 374 / 1123
2023
Destination $3.25M Japan
2022 - 2023
FASTEST GROWING MARKET $3.25MJapan
2023
PRODUCT COMPLEXITY IN Therapeutic Appliances0.45Rnk 385 / 1025
2023
Imports $31.7MWorld Rnk 53 / 220
Flag Rnk 424 / 1202
2023
Origin $1.03M China
2022 - 2023
FASTEST GROWING ORIGIN $1.03MSingapore
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $5.91M in Therapeutic Appliances, making it the 51st largest exporter of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 374th most exported product in Philippines. The main destination of Therapeutic Appliances exports from Philippines are: Japan ($4.93M), United States ($403k), Netherlands ($249k), France ($123k), and Australia ($42.5k).

The fastest growing export markets for Therapeutic Appliances of Philippines between 2022 and 2023 were Japan ($3.25M), Netherlands ($131k), and France ($110k).

Imports In 2023, Philippines imported $31.7M in Therapeutic Appliances, becoming the 53rd largest importer of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 424th most imported product in Philippines. Philippines imports Therapeutic Appliances primarily from: China ($16.4M), United States ($1.79M), Singapore ($1.55M), Malaysia ($1.48M), and Ireland ($1.24M).

The fastest growing import markets in Therapeutic Appliances for Philippines between 2022 and 2023 were Singapore ($1.03M), India ($442k), and New Zealand ($350k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Therapeutic Appliances exports accounted up to $426 and imports accounted up to $3.65M, resulting in a negative trade balance of $3.65M. Between May 2023 and June 2024 the exports of Philippines'   Therapeutic Appliances have decreased by $-588k (-99.9%) from $589k to $426, while imports increased by $1.64M (81.8%) from $2.01M to $3.65M.

Destinations In June 2024, Therapeutic Appliances were exported mostly to , and were imported mostly from China ($1.47M), Switzerland ($552k), Ireland ($449k), United States ($268k), and New Zealand ($184k).

Growth In June 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 July 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 (May 2023 - June 2024)$-588k(-99.9%)
IMPORT GROWTH (July 2023 - July 2024)$1.64M(81.8%)
MAIN DESTINATION (June 2024)

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 (2023)$5.91M
IMPORTS (2023)$31.7M
NET TRADE (2023)-$25.7M

In 2023, Philippines exported $5.91M in Therapeutic Appliances. The main destinations of Philippines exports on Therapeutic Appliances were Japan ($4.93M), United States ($403k), Netherlands ($249k), France ($123k), and Australia ($42.5k).

In 2023, Philippines imported $31.7M in Therapeutic Appliances, mainly from China ($16.4M), United States ($1.79M), Singapore ($1.55M), Malaysia ($1.48M), and Ireland ($1.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Therapeutic Appliances EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$3.25M (194%)
Netherlands$131k (110%)
France$110k (809%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Therapeutic Appliances BY Philippines WERE (2022 - 2023):
Oman-$362k (-98.9%)
Spain-$137k (-97.4%)
United States-$99.7k (-19.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Therapeutic Appliances were:
China $5.92B
Singapore $1.83B
United States $1.67B
In 2023, Philippines's main importing competitors in Therapeutic Appliances were:
United States $5.82B
Netherlands $1.15B
Germany $1.08B

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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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