Valves in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $131M in Valves, making it the 45th largest exporter of Valves in the world. At the same year, Valves was the 89th most exported product in Philippines. The main destination of Valves exports from Philippines are: Japan ($28.9M), United States ($26.5M), United Kingdom ($21M), Vietnam ($17M), and China ($9.6M).

The fastest growing export markets for Valves of Philippines between 2021 and 2022 were United Kingdom ($4.85M), United States ($4.28M), and Singapore ($2.05M).

Imports In 2022, Philippines imported $405M in Valves, becoming the 46th largest importer of Valves in the world. At the same year, Valves was the 89th most imported product in Philippines. Philippines imports Valves primarily from: China ($234M), United States ($32.2M), Japan ($30.4M), Singapore ($18.5M), and Germany ($13.4M).

The fastest growing import markets in Valves for Philippines between 2021 and 2022 were China ($45.1M), United States ($8.45M), and Netherlands ($5.08M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Valves exports accounted up to $1.79M and imports accounted up to $19.1M, resulting in a negative trade balance of $17.3M. Between June 2023 and June 2024 the exports of Philippines' Valves have increased by $336k (23.1%) from $1.45M to $1.79M, while imports decreased by $-314k (-1.62%) from $19.4M to $19.1M.

Destinations In June 2024, Valves were exported mostly to Australia ($769k), Japan ($761k), United States ($126k), South Korea ($117k), and Thailand ($9.15k), and were imported mostly from United States ($6.33M), Japan ($2.68M), Germany ($1.58M), Singapore ($1.24M), and United Kingdom ($957k).

Growth In June 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Australia ($287k or 72.8%), Singapore ($108k or 4.76k%), and United States ($42k or 546%). In June 2024, the decrease in Valves's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-1.41M or -90.5%), South Korea ($-265k or -42.7%), and Vietnam ($-140k or -84.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$336k(23.1%)

IMPORT GROWTH (June 2023 - June 2024)$-314k(-1.62%)

MAIN DESTINATION (June 2024)Australia$769k

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$131M

IMPORTS (2022)$405M

NET TRADE (2022)-$274M

In 2022, Philippines exported $131M in Valves. The main destinations of Philippines exports on Valves were Japan ($28.9M), United States ($26.5M), United Kingdom ($21M), Vietnam ($17M), and China ($9.6M).

In 2022, Philippines imported $405M in Valves, mainly from China ($234M), United States ($32.2M), Japan ($30.4M), Singapore ($18.5M), and Germany ($13.4M).

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