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2022
Exports $841MWorld Rnk 14 / 215
Flag Rnk 19 / 1127
2022
Destination $177M Germany
2021 - 2022
FASTEST GROWING MARKET $177MGermany
2022
PRODUCT COMPLEXITY IN Electric Heaters0.46Rnk 379 / 1025
2022
Imports $527MWorld Rnk 33 / 224
Flag Rnk 71 / 1201
2022
Origin $114M China
2021 - 2022
FASTEST GROWING ORIGIN $114MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $841M in Electric Heaters, making it the 14th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 19th most exported product in Philippines. The main destination of Electric Heaters exports from Philippines are: Germany ($219M), Netherlands ($117M), United States ($106M), France ($81M), and Canada ($59M).

The fastest growing export markets for Electric Heaters of Philippines between 2021 and 2022 were Germany ($177M), France ($45.6M), and United States ($44.7M).

Imports In 2022, Philippines imported $527M in Electric Heaters, becoming the 33rd largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 71st most imported product in Philippines. Philippines imports Electric Heaters primarily from: China ($444M), Malaysia ($26.1M), Germany ($8.47M), Italy ($8.14M), and Thailand ($6.37M).

The fastest growing import markets in Electric Heaters for Philippines between 2021 and 2022 were China ($114M), Malaysia ($8.72M), and Germany ($5.09M).

COMPANIES In 2023, leading companies such as Michael Kors (3) were at the forefront of shipping Electric Heaters from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Electric Heaters exports accounted up to $17.3M and imports accounted up to $6.58M, resulting in a positive trade balance of $10.7M. Between June 2023 and June 2024 the exports of Philippines'   Electric Heaters have decreased by $-4.39M (-20.2%) from $21.7M to $17.3M, while imports decreased by $-18.1M (-73.4%) from $24.7M to $6.58M.

Destinations In June 2024, Electric Heaters were exported mostly to Netherlands ($6.54M), United States ($3.08M), China ($1.76M), United Kingdom ($1.02M), and Canada ($714k), and were imported mostly from Singapore ($1.43M), Italy ($1.02M), Netherlands ($961k), United States ($629k), and Thailand ($477k).

Growth In June 2024, the decrease in Electric Heaters's year-by-year exports was explained primarily by a decrease in exports to United States ($-2.86M or -90.2%), Germany ($-1.63M or -99%), and France ($-51.5k or -13.5%). In June 2024, the decrease in Electric Heaters's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-468k or -28.3%), Italy ($-232k or -32.4%), and Chinese Taipei ($-132k or -59.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-4.39M(-20.2%)
IMPORT GROWTH (June 2023 - June 2024)$-18.1M(-73.4%)
MAIN DESTINATION (June 2024)Netherlands$6.54M

This section shows Electric Heaters'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 Electric Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$841M
IMPORTS (2022)$527M
NET TRADE (2022)$314M

In 2022, Philippines exported $841M in Electric Heaters. The main destinations of Philippines exports on Electric Heaters were Germany ($219M), Netherlands ($117M), United States ($106M), France ($81M), and Canada ($59M).

In 2022, Philippines imported $527M in Electric Heaters, mainly from China ($444M), Malaysia ($26.1M), Germany ($8.47M), Italy ($8.14M), and Thailand ($6.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$177M (422%)
France$45.6M (129%)
United States$44.7M (73.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Philippines WERE (2021 - 2022):
Russia-$26M (-99.7%)
Italy-$24.8M (-80.4%)
United Kingdom-$20.2M (-35.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electric Heaters were:
China $31.5B
Germany $5.3B
Italy $2.96B
In 2022, Philippines's main importing competitors in Electric Heaters were:
United States $12.8B
Germany $6.24B
France $3.15B

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $94.9M
TOP IMPORT POTENTIALChina+ $71.2M

Electric Heaters’s highest export potential is United States. With an export gap of $94.9M.   Electric Heaters’s highest import potential is China with an import gap of $71.2M.

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