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2022
Exports $105kWorld Rnk 96 / 195
Flag Rnk 826 / 1127
2022
Destination $6k China
2021 - 2022
FASTEST GROWING MARKET $6kGermany
2022
PRODUCT COMPLEXITY IN Vacuum Cleaners1Rnk 172 / 1025
2022
Imports $79.9MWorld Rnk 46 / 221
Flag Rnk 312 / 1201
2022
Origin $569k China
2021 - 2022
FASTEST GROWING ORIGIN $569kAustria
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $105k in Vacuum Cleaners, making it the 96th largest exporter of Vacuum Cleaners in the world. At the same year, Vacuum Cleaners was the 826th most exported product in Philippines. The main destination of Vacuum Cleaners exports from Philippines are: China ($23k), Malaysia ($21.2k), India ($20.2k), Japan ($9.54k), and Germany ($6.49k).

The fastest growing export markets for Vacuum Cleaners of Philippines between 2021 and 2022 were Germany ($6k), India ($4.69k), and Netherlands ($4.03k).

Imports In 2022, Philippines imported $79.9M in Vacuum Cleaners, becoming the 46th largest importer of Vacuum Cleaners in the world. At the same year, Vacuum Cleaners was the 312th most imported product in Philippines. Philippines imports Vacuum Cleaners primarily from: China ($68.1M), Malaysia ($3.23M), Thailand ($3.18M), Japan ($1.58M), and Singapore ($754k).

The fastest growing import markets in Vacuum Cleaners for Philippines between 2021 and 2022 were Austria ($569k), Germany ($195k), and India ($155k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Vacuum Cleaners exports accounted up to $639k and imports accounted up to $722k, resulting in a negative trade balance of $82.6k. Between June 2023 and June 2024 the exports of Philippines'   Vacuum Cleaners have decreased by $-3.41M (-84.2%) from $4.05M to $639k, while imports decreased by $-3.99M (-84.7%) from $4.71M to $722k.

Destinations In June 2024, Vacuum Cleaners were exported mostly to United States ($581k), Malaysia ($50.9k), Japan ($5.57k), and Singapore ($2.17k), and were imported mostly from Germany ($239k), Singapore ($198k), Hong Kong ($85.1k), Japan ($58.3k), and Thailand ($49.6k).

Growth In June 2024, the decrease in Vacuum Cleaners's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Vacuum Cleaners's year-by-year imports was explained primarily by a decrease in imports from Italy ($-96.4k or -99.5%), United States ($-95.5k or -92.8%), and Germany ($-18.9k or -9.44%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-3.41M(-84.2%)
IMPORT GROWTH (June 2023 - June 2024)$-3.99M(-84.7%)
MAIN DESTINATION (June 2024)United States$581k

This section shows Vacuum Cleaners'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 Vacuum Cleaners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$105k
IMPORTS (2022)$79.9M
NET TRADE (2022)-$79.8M

In 2022, Philippines exported $105k in Vacuum Cleaners. The main destinations of Philippines exports on Vacuum Cleaners were China ($23k), Malaysia ($21.2k), India ($20.2k), Japan ($9.54k), and Germany ($6.49k).

In 2022, Philippines imported $79.9M in Vacuum Cleaners, mainly from China ($68.1M), Malaysia ($3.23M), Thailand ($3.18M), Japan ($1.58M), and Singapore ($754k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vacuum Cleaners EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$6k (1.24k%)
India$4.69k (30.2%)
Netherlands$4.03k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vacuum Cleaners BY Philippines WERE (2021 - 2022):
Malaysia-$51.5k (-70.8%)
Thailand-$40.3k (-99.2%)
Canada-$39.8k (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Vacuum Cleaners were:
China $11.6B
Germany $2.47B
Mexico $1.31B
In 2022, Philippines's main importing competitors in Vacuum Cleaners were:
United States $6.26B
Germany $2.51B
France $1.36B

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Trade Value of Vacuum Cleaners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.2M
TOP IMPORT POTENTIALChina+ $13.6M

Vacuum Cleaners’s highest export potential is United States. With an export gap of $52.2M.   Vacuum Cleaners’s highest import potential is China with an import gap of $13.6M.

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