2023
Exports
$4.03MWorld Rnk 53 / 181
Flag Rnk 419 / 1123
2023
PRODUCT COMPLEXITY IN Utility Meters
0.08Rnk 527 / 1025
2023
Imports
$47.5MWorld Rnk 49 / 222
Flag Rnk 349 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $4.03M in Utility Meters, making it the 53rd largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 419th most exported product in Philippines. The main destination of Utility Meters exports from Philippines are: China ($1.79M), Poland ($816k), Hong Kong ($594k), Japan ($209k), and United States ($179k).

The fastest growing export markets for Utility Meters of Philippines between 2022 and 2023 were Hong Kong ($119k), Nicaragua ($115k), and Japan ($38.5k).

Imports In 2023, Philippines imported $47.5M in Utility Meters, becoming the 49th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 349th most imported product in Philippines. Philippines imports Utility Meters primarily from: China ($23.1M), United States ($8.58M), South Korea ($3.75M), Vietnam ($2.68M), and Singapore ($2.39M).

The fastest growing import markets in Utility Meters for Philippines between 2022 and 2023 were United States ($6.7M), South Korea ($3.72M), and Singapore ($1.19M).

COMPANIES In 2023, leading companies such as Conair (1) were at the forefront of shipping Utility Meters from Philippines to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.78k(-15%)
IMPORT GROWTH (July 2023 - July 2024)$236k(6.44%)
MAIN DESTINATION (July 2024)Japan$15.5k

This section shows Utility Meters'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 Utility Meters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.03M
IMPORTS (2023)$47.5M
NET TRADE (2023)-$43.5M

In 2023, Philippines exported $4.03M in Utility Meters. The main destinations of Philippines exports on Utility Meters were China ($1.79M), Poland ($816k), Hong Kong ($594k), Japan ($209k), and United States ($179k).

In 2023, Philippines imported $47.5M in Utility Meters, mainly from China ($23.1M), United States ($8.58M), South Korea ($3.75M), Vietnam ($2.68M), and Singapore ($2.39M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Hong Kong$119k (25.2%)
Nicaragua$115k (1%)
Japan$38.5k (22.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY Philippines WERE (2022 - 2023):
Israel-$2.59M (-100%)
China-$2.34M (-56.6%)
Poland-$275k (-25.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Utility Meters were:
In 2023, Philippines's main importing competitors in Utility Meters were:

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.07M
TOP IMPORT POTENTIALChina+ $4.38M

Utility Meters’s highest export potential is China. With an export gap of $1.07M.   Utility Meters’s highest import potential is China with an import gap of $4.38M.

See methodology.

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