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2023
Exports $3.03MWorld Rnk 31 / 168
Flag Rnk 458 / 1123
2023
Destination $871k Japan
2022 - 2023
FASTEST GROWING MARKET $871kJapan
2023
PRODUCT COMPLEXITY IN Video Cameras0.57Rnk 338 / 1025
2023
Imports $2.81MWorld Rnk 41 / 212
Flag Rnk 870 / 1202
2023
Origin $691k China
2022 - 2023
FASTEST GROWING ORIGIN $691kCanada
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $3.03M in Video Cameras, making it the 31st largest exporter of Video Cameras in the world. At the same year, Video Cameras was the 458th most exported product in Philippines. The main destination of Video Cameras exports from Philippines are: Japan ($1.08M), Thailand ($549k), Singapore ($286k), Saudi Arabia ($248k), and Ethiopia ($201k).

The fastest growing export markets for Video Cameras of Philippines between 2022 and 2023 were Japan ($871k), Thailand ($272k), and Singapore ($212k).

Imports In 2023, Philippines imported $2.81M in Video Cameras, becoming the 41st largest importer of Video Cameras in the world. At the same year, Video Cameras was the 870th most imported product in Philippines. Philippines imports Video Cameras primarily from: China ($1.07M), Canada ($797k), Japan ($224k), Thailand ($194k), and United States ($112k).

The fastest growing import markets in Video Cameras for Philippines between 2022 and 2023 were Canada ($691k), China ($675k), and United States ($64.8k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Video Cameras exports accounted up to $358k and imports accounted up to $1.08M, resulting in a negative trade balance of $720k. Between July 2023 and July 2024 the exports of Philippines'   Video Cameras have increased by $170k (90.7%) from $188k to $358k, while imports increased by $915k (560%) from $163k to $1.08M.

Destinations In July 2024, Video Cameras were exported mostly to Japan ($172k), China ($68.9k), Indonesia ($50k), Thailand ($48.9k), and Hong Kong ($18.1k), and were imported mostly from Thailand ($984k), China ($62.7k), United States ($12k), Japan ($7.68k), and Vietnam ($4.57k).

Growth In July 2024, the increase in Video Cameras's year-by-year exports was explained primarily by an increase in exports to Japan ($167k or 556%). In July 2024, the increase in Video Cameras's year-by-year imports was explained primarily by an increase in imports from China ($4.45k or 69.6%) and Hong Kong ($1.94k or 188%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$170k(90.7%)
IMPORT GROWTH (July 2023 - July 2024)$915k(560%)
MAIN DESTINATION (July 2024)Japan$172k

This section shows Video Cameras'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 Video Cameras over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.03M
IMPORTS (2023)$2.81M
NET TRADE (2023)$222k

In 2023, Philippines exported $3.03M in Video Cameras. The main destinations of Philippines exports on Video Cameras were Japan ($1.08M), Thailand ($549k), Singapore ($286k), Saudi Arabia ($248k), and Ethiopia ($201k).

In 2023, Philippines imported $2.81M in Video Cameras, mainly from China ($1.07M), Canada ($797k), Japan ($224k), Thailand ($194k), and United States ($112k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Video Cameras EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$871k (418%)
Thailand$272k (98.6%)
Singapore$212k (287%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Video Cameras BY Philippines WERE (2022 - 2023):
Indonesia-$1.52M (-96.1%)
United States-$123k (-51.2%)
Germany-$121k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Video Cameras were:
China $166M
United States $71.2M
Germany $49.7M
In 2023, Philippines's main importing competitors in Video Cameras were:
United States $89.5M
United Kingdom $43.8M
China $40.2M

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Trade Value of Video Cameras by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $171k
TOP IMPORT POTENTIALChina+ $132k

Video Cameras’s highest export potential is United States. With an export gap of $171k.   Video Cameras’s highest import potential is China with an import gap of $132k.

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