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2022
Exports $142MWorld Rnk 36 / 209
Flag Rnk 86 / 1127
2022
Destination $28M United States
2021 - 2022
FASTEST GROWING MARKET $28MUnited States
2022
PRODUCT COMPLEXITY IN Other Heating Machinery1.15Rnk 116 / 1025
2022
Imports $250MWorld Rnk 39 / 225
Flag Rnk 132 / 1201
2022
Origin $31.4M China
2021 - 2022
FASTEST GROWING ORIGIN $31.4MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $142M in Other Heating Machinery, making it the 36th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 86th most exported product in Philippines. The main destination of Other Heating Machinery exports from Philippines are: United States ($37.4M), France ($34.4M), Czechia ($18.3M), Japan ($9.34M), and China ($7.34M).

The fastest growing export markets for Other Heating Machinery of Philippines between 2021 and 2022 were United States ($28M), Czechia ($10.8M), and China ($3.98M).

Imports In 2022, Philippines imported $250M in Other Heating Machinery, becoming the 39th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 132nd most imported product in Philippines. Philippines imports Other Heating Machinery primarily from: China ($58.7M), South Korea ($41.7M), Japan ($34.4M), United States ($31M), and Germany ($17.2M).

The fastest growing import markets in Other Heating Machinery for Philippines between 2021 and 2022 were South Korea ($31.4M), United States ($17M), and Germany ($8.64M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Heating Machinery exports accounted up to $1.62M and imports accounted up to $8.65M, resulting in a negative trade balance of $7.03M. Between June 2023 and June 2024 the exports of Philippines'   Other Heating Machinery have decreased by $-1.4M (-46.3%) from $3.03M to $1.62M, while imports decreased by $-12.9M (-59.9%) from $21.6M to $8.65M.

Destinations In June 2024, Other Heating Machinery were exported mostly to N/A, and were imported mostly from United States ($1.85M), South Korea ($1.63M), Japan ($1.11M), Singapore ($810k), and Chinese Taipei ($597k).

Growth In June 2024, the decrease in Other Heating Machinery's year-by-year exports was explained primarily by a decrease in exports to N/A. In June 2024, the decrease in Other Heating Machinery's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-7.74M or -83.4%), India ($-2.37M or -70.6%), and Germany ($-441k or -47.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.4M(-46.3%)
IMPORT GROWTH (June 2023 - June 2024)$-12.9M(-59.9%)

This section shows Other Heating Machinery'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 Other Heating Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$142M
IMPORTS (2022)$250M
NET TRADE (2022)-$108M

In 2022, Philippines exported $142M in Other Heating Machinery. The main destinations of Philippines exports on Other Heating Machinery were United States ($37.4M), France ($34.4M), Czechia ($18.3M), Japan ($9.34M), and China ($7.34M).

In 2022, Philippines imported $250M in Other Heating Machinery, mainly from China ($58.7M), South Korea ($41.7M), Japan ($34.4M), United States ($31M), and Germany ($17.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$28M (297%)
Czechia$10.8M (144%)
China$3.98M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Philippines WERE (2021 - 2022):
France-$16.8M (-32.8%)
Russia-$4.61M (-99%)
Netherlands-$4.1M (-39.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Heating Machinery were:
China $8.12B
Germany $5.79B
United States $4.51B
In 2022, Philippines's main importing competitors in Other Heating Machinery were:
United States $7.45B
Germany $3.38B
China $2.56B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.9M
TOP IMPORT POTENTIALChina+ $30.8M

Other Heating Machinery’s highest export potential is United States. With an export gap of $21.9M.   Other Heating Machinery’s highest import potential is China with an import gap of $30.8M.

See methodology.

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