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2022
Exports $340MWorld Rnk 35 / 219
Flag Rnk 42 / 1127
2022
Destination $11.9M United States
2021 - 2022
FASTEST GROWING MARKET $11.9MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Electrical Control Boards0.56Rnk 343 / 1025
2022
Imports $360MWorld Rnk 38 / 224
Flag Rnk 97 / 1201
2022
Origin $11.6M China
2021 - 2022
FASTEST GROWING ORIGIN $11.6MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $340M in Electrical Control Boards, making it the 35th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 42nd most exported product in Philippines. The main destination of Electrical Control Boards exports from Philippines are: United States ($103M), Germany ($52.8M), Thailand ($27.2M), Japan ($17.5M), and Netherlands ($13.6M).

The fastest growing export markets for Electrical Control Boards of Philippines between 2021 and 2022 were United Kingdom ($11.9M), Switzerland ($4.78M), and Netherlands ($4.68M).

Imports In 2022, Philippines imported $360M in Electrical Control Boards, becoming the 38th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 97th most imported product in Philippines. Philippines imports Electrical Control Boards primarily from: China ($135M), Malaysia ($57.9M), Japan ($19.7M), Singapore ($17.1M), and Germany ($14.9M).

The fastest growing import markets in Electrical Control Boards for Philippines between 2021 and 2022 were Malaysia ($11.6M), South Korea ($9.7M), and Italy ($7.01M).

COMPANIES In 2023, leading companies such as Stihl (4) were at the forefront of shipping Electrical Control Boards from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Electrical Control Boards exports accounted up to $6.7M and imports accounted up to $39.2M, resulting in a negative trade balance of $32.5M. Between August 2023 and August 2024 the exports of Philippines'   Electrical Control Boards have increased by $2.62M (64.3%) from $4.08M to $6.7M, while imports increased by $1.87M (5%) from $37.3M to $39.2M.

Destinations In August 2024, Electrical Control Boards were exported mostly to United States ($4.95M), Thailand ($342k), Singapore ($213k), Indonesia ($193k), and Malaysia ($186k), and were imported mostly from China ($12.5M), Malaysia ($5.03M), Vietnam ($4.53M), Indonesia ($3.92M), and South Korea ($3.15M).

Growth In August 2024, the increase in Electrical Control Boards's year-by-year exports was explained primarily by an increase in exports to Australia ($134k or 442%), United Kingdom ($4.9k or 5.9%), and Chinese Taipei ($735 or 138%). In August 2024, the increase in Electrical Control Boards's year-by-year imports was explained primarily by an increase in imports from China ($6.17M or 41.1%), South Korea ($2.93M or 115%), and Romania ($1.5M or 38.4k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$2.62M(64.3%)
IMPORT GROWTH (August 2023 - August 2024)$1.87M(5%)
MAIN DESTINATION (August 2024)United States$4.95M

This section shows Electrical Control Boards'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 Electrical Control Boards over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$340M
IMPORTS (2022)$360M
NET TRADE (2022)-$20.5M

In 2022, Philippines exported $340M in Electrical Control Boards. The main destinations of Philippines exports on Electrical Control Boards were United States ($103M), Germany ($52.8M), Thailand ($27.2M), Japan ($17.5M), and Netherlands ($13.6M).

In 2022, Philippines imported $360M in Electrical Control Boards, mainly from China ($135M), Malaysia ($57.9M), Japan ($19.7M), Singapore ($17.1M), and Germany ($14.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$11.9M (1.78k%)
Switzerland$4.78M (55.1%)
Netherlands$4.68M (52.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Philippines WERE (2021 - 2022):
United States-$60.8M (-37%)
Japan-$7.61M (-30.3%)
Mexico-$4.03M (-30.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Philippines's main importing competitors in Electrical Control Boards were:
United States $16.6B
Germany $8.76B
China $5.33B

Explore Visualizations

Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $58.9M
TOP IMPORT POTENTIALChina+ $47.8M

Electrical Control Boards’s highest export potential is United States. With an export gap of $58.9M.   Electrical Control Boards’s highest import potential is China with an import gap of $47.8M.

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