Electric Soldering Equipment in   Philippines

Overview In June 2024 Philippines' Electric Soldering Equipment exports accounted up to $172k and imports accounted up to $2.38M, resulting in a negative trade balance of $2.21M. Between June 2023 and June 2024 the exports of Philippines'   Electric Soldering Equipment have decreased by $-397k (-69.7%) from $569k to $172k, while imports decreased by $-5.55M (-70%) from $7.93M to $2.38M.

Destinations In June 2024, Electric Soldering Equipment were exported mostly to Netherlands ($162k), Indonesia ($3.33k), Thailand ($2.87k), Malaysia ($2.06k), and South Korea ($1.7k), and were imported mostly from Germany ($1.13M), Japan ($692k), Switzerland ($194k), Singapore ($110k), and United States ($77.3k).

Growth In June 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-174k or -99.9%), Japan ($-127k or -80.5%), and Malaysia ($-9.5k or -89.2%). In June 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-463k or -69.6%), South Korea ($-280k or -90.9%), and Hong Kong ($-252k or -96.9%).