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Pricing

2022
Exports $16.8MWorld Rnk 21 / 127
Flag Rnk 284 / 1127
2022
Destination $6.93M United States
2021 - 2022
FASTEST GROWING MARKET $6.93MUnited States
2022
PRODUCT COMPLEXITY IN Vending Machines0.65Rnk 296 / 1025
2022
Imports $9.72MWorld Rnk 37 / 202
Flag Rnk 721 / 1201
2022
Origin $2.63M China
2021 - 2022
FASTEST GROWING ORIGIN $2.63MIsrael
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $16.8M in Vending Machines, making it the 21st largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 284th most exported product in Philippines. The main destination of Vending Machines exports from Philippines are: United States ($8.17M), Japan ($5.61M), United Kingdom ($2.03M), Austria ($224k), and France ($199k).

The fastest growing export markets for Vending Machines of Philippines between 2021 and 2022 were United States ($6.93M), United Kingdom ($2.03M), and Austria ($224k).

Imports In 2022, Philippines imported $9.72M in Vending Machines, becoming the 37th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 721st most imported product in Philippines. Philippines imports Vending Machines primarily from: China ($3.92M), Israel ($2.64M), Hong Kong ($849k), Chinese Taipei ($698k), and Italy ($551k).

The fastest growing import markets in Vending Machines for Philippines between 2021 and 2022 were Israel ($2.63M), China ($1.64M), and Italy ($437k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Vending Machines exports accounted up to $28.7k and imports accounted up to $476k, resulting in a negative trade balance of $447k. Between November 2019 and August 2024 the exports of Philippines'   Vending Machines have increased by $14.5k (101%) from $14.3k to $28.7k, while imports increased by $272k (134%) from $203k to $476k.

Destinations In August 2024, Vending Machines were exported mostly to , and were imported mostly from China ($282k), Japan ($103k), United States ($84.5k), South Korea ($5.69k), and Thailand ($107).

Growth In August 2024, the increase in Vending Machines's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Vending Machines's year-by-year imports was explained primarily by an increase in imports from China ($271k or 321%), Japan ($22.4k or 367%), and United States ($1.71k or 90.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2019 - August 2024)$14.5k(101%)
IMPORT GROWTH (September 2023 - September 2024)$272k(134%)
MAIN DESTINATION (August 2024)

This section shows Vending Machines'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 Vending Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.8M
IMPORTS (2022)$9.72M
NET TRADE (2022)$7.1M

In 2022, Philippines exported $16.8M in Vending Machines. The main destinations of Philippines exports on Vending Machines were United States ($8.17M), Japan ($5.61M), United Kingdom ($2.03M), Austria ($224k), and France ($199k).

In 2022, Philippines imported $9.72M in Vending Machines, mainly from China ($3.92M), Israel ($2.64M), Hong Kong ($849k), Chinese Taipei ($698k), and Italy ($551k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$6.93M (562%)
United Kingdom$2.03M (1%)
Austria$224k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY Philippines WERE (2021 - 2022):
Japan-$5.17M (-48%)
China-$136k (-55.7%)
Chinese Taipei-$54k (-84.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Vending Machines were:
Italy $419M
China $384M
United States $89.1M
In 2022, Philippines's main importing competitors in Vending Machines were:
United States $248M
France $149M
Germany $137M

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Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $899k
TOP IMPORT POTENTIALChina+ $1.72M

Vending Machines’s highest export potential is United States. With an export gap of $899k.   Vending Machines’s highest import potential is China with an import gap of $1.72M.

See methodology.

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