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Pricing

2022
Exports $39.3MWorld Rnk 43 / 214
Flag Rnk 190 / 1127
2022
Destination $5.11M United States
2021 - 2022
FASTEST GROWING MARKET $5.11MJapan
2022
PRODUCT COMPLEXITY IN Chemical Analysis Instruments1.69Rnk 26 / 1025
2022
Imports $150MWorld Rnk 42 / 225
Flag Rnk 193 / 1201
2022
Origin $7.4M China
2021 - 2022
FASTEST GROWING ORIGIN $7.4MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $39.3M in Chemical Analysis Instruments, making it the 43rd largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 190th most exported product in Philippines. The main destination of Chemical Analysis Instruments exports from Philippines are: United States ($16.9M), Japan ($12M), China ($2.99M), Singapore ($1.58M), and Germany ($646k).

The fastest growing export markets for Chemical Analysis Instruments of Philippines between 2021 and 2022 were Japan ($5.11M), Singapore ($1.45M), and China ($1.36M).

Imports In 2022, Philippines imported $150M in Chemical Analysis Instruments, becoming the 42nd largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 193rd most imported product in Philippines. Philippines imports Chemical Analysis Instruments primarily from: China ($25.8M), Japan ($24.3M), United States ($21.1M), Singapore ($20.5M), and Germany ($11.4M).

The fastest growing import markets in Chemical Analysis Instruments for Philippines between 2021 and 2022 were China ($7.4M), Switzerland ($2.58M), and Israel ($2.31M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Chemical Analysis Instruments exports accounted up to $591k and imports accounted up to $5.84M, resulting in a negative trade balance of $5.25M. Between June 2023 and June 2024 the exports of Philippines'   Chemical Analysis Instruments have decreased by $-342k (-36.6%) from $933k to $591k, while imports decreased by $-7.55M (-56.4%) from $13.4M to $5.84M.

Destinations In June 2024, Chemical Analysis Instruments were exported mostly to United States ($261k), Spain ($200k), Italy ($44.2k), Japan ($23.2k), and Hong Kong ($22.7k), and were imported mostly from United States ($2.09M), Japan ($811k), Singapore ($611k), Germany ($578k), and Switzerland ($346k).

Growth In June 2024, the decrease in Chemical Analysis Instruments's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-18.7k or -44.2%), Singapore ($-18.5k or -61.9%), and Chinese Taipei ($-4.63k or -69.8%). In June 2024, the decrease in Chemical Analysis Instruments's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-442k or -34.4%), Malaysia ($-266k or -90.8%), and France ($-198k or -47.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-342k(-36.6%)
IMPORT GROWTH (June 2023 - June 2024)$-7.55M(-56.4%)
MAIN DESTINATION (June 2024)United States$261k

This section shows Chemical Analysis Instruments'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 Chemical Analysis Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.3M
IMPORTS (2022)$150M
NET TRADE (2022)-$110M

In 2022, Philippines exported $39.3M in Chemical Analysis Instruments. The main destinations of Philippines exports on Chemical Analysis Instruments were United States ($16.9M), Japan ($12M), China ($2.99M), Singapore ($1.58M), and Germany ($646k).

In 2022, Philippines imported $150M in Chemical Analysis Instruments, mainly from China ($25.8M), Japan ($24.3M), United States ($21.1M), Singapore ($20.5M), and Germany ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$5.11M (74.5%)
Singapore$1.45M (1.14k%)
China$1.36M (83.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Philippines WERE (2021 - 2022):
United States-$4.99M (-22.8%)
Italy-$595k (-55.4%)
Laos-$410k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Chemical Analysis Instruments were:
United States $10.9B
Germany $8.97B
Japan $5.27B
In 2022, Philippines's main importing competitors in Chemical Analysis Instruments were:
China $8.3B
United States $7.97B
Germany $4.94B

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Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.6M
TOP IMPORT POTENTIALChina+ $15.1M

Chemical Analysis Instruments’s highest export potential is United States. With an export gap of $11.6M.   Chemical Analysis Instruments’s highest import potential is China with an import gap of $15.1M.

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