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2022
Exports $367kWorld Rnk 60 / 138
Flag Rnk 701 / 1127
2022
Destination $37.4k Japan
2021 - 2022
FASTEST GROWING MARKET $37.4kDominican Republic
2022
PRODUCT COMPLEXITY IN Traffic Signals1.02Rnk 165 / 1025
2022
Imports $16.1MWorld Rnk 45 / 210
Flag Rnk 626 / 1201
2022
Origin $3.12M China
2021 - 2022
FASTEST GROWING ORIGIN $3.12MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $367k in Traffic Signals, making it the 60th largest exporter of Traffic Signals in the world. At the same year, Traffic Signals was the 701st most exported product in Philippines. The main destination of Traffic Signals exports from Philippines are: Japan ($112k), Dominican Republic ($102k), Netherlands ($86.1k), Belgium ($21.4k), and United Arab Emirates ($16.9k).

The fastest growing export markets for Traffic Signals of Philippines between 2021 and 2022 were Dominican Republic ($37.4k), United Kingdom ($9.07k), and Australia ($3.25k).

Imports In 2022, Philippines imported $16.1M in Traffic Signals, becoming the 45th largest importer of Traffic Signals in the world. At the same year, Traffic Signals was the 626th most imported product in Philippines. Philippines imports Traffic Signals primarily from: China ($5.97M), South Korea ($2.48M), Sweden ($1.34M), Turkey ($1.17M), and Malaysia ($1.07M).

The fastest growing import markets in Traffic Signals for Philippines between 2021 and 2022 were China ($3.12M), Sweden ($1.32M), and Turkey ($1.14M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Traffic Signals exports accounted up to $30.5k and imports accounted up to $131k, resulting in a negative trade balance of $101k. Between June 2023 and June 2024 the exports of Philippines'   Traffic Signals have decreased by $-16k (-34.4%) from $46.4k to $30.5k, while imports decreased by $-499k (-79.2%) from $630k to $131k.

Destinations In June 2024, Traffic Signals were exported mostly to Thailand ($23.5k) and Japan ($6.95k), and were imported mostly from Germany ($57.6k), Italy ($49.1k), Belgium ($10.5k), United States ($5.47k), and Spain ($1.94k).

Growth In June 2024, the decrease in Traffic Signals's year-by-year exports was explained primarily by a decrease in exports to Japan ($-824 or -3.87%). In June 2024, the decrease in Traffic Signals's year-by-year imports was explained primarily by a decrease in imports from Belgium ($-441k or -100%), Malaysia ($-341k or -98%), and Netherlands ($-168k or -88.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-16k(-34.4%)
IMPORT GROWTH (June 2023 - June 2024)$-499k(-79.2%)
MAIN DESTINATION (June 2024)Thailand$23.5k

This section shows Traffic Signals'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 Traffic Signals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$367k
IMPORTS (2022)$16.1M
NET TRADE (2022)-$15.7M

In 2022, Philippines exported $367k in Traffic Signals. The main destinations of Philippines exports on Traffic Signals were Japan ($112k), Dominican Republic ($102k), Netherlands ($86.1k), Belgium ($21.4k), and United Arab Emirates ($16.9k).

In 2022, Philippines imported $16.1M in Traffic Signals, mainly from China ($5.97M), South Korea ($2.48M), Sweden ($1.34M), Turkey ($1.17M), and Malaysia ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Traffic Signals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Dominican Republic$37.4k (58%)
United Kingdom$9.07k (130%)
Australia$3.25k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Traffic Signals BY Philippines WERE (2021 - 2022):
Austria-$114k (-100%)
South Africa-$81.8k (-100%)
Japan-$44.7k (-28.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Traffic Signals were:
China $393M
Germany $334M
United States $192M
In 2022, Philippines's main importing competitors in Traffic Signals were:
United States $311M
Germany $122M
United Kingdom $103M

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Trade Value of Traffic Signals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $40.6k
TOP IMPORT POTENTIALChina+ $1.27M

Traffic Signals’s highest export potential is Japan. With an export gap of $40.6k.   Traffic Signals’s highest import potential is China with an import gap of $1.27M.

See methodology.

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