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2022
Exports $93.4MWorld Rnk 29 / 209
Flag Rnk 122 / 1127
2022
Destination $3.55M Japan
2021 - 2022
FASTEST GROWING MARKET $3.55MGermany
2022
PRODUCT COMPLEXITY IN Electrical Ignitions0.62Rnk 310 / 1025
2022
Imports $84MWorld Rnk 36 / 223
Flag Rnk 300 / 1201
2022
Origin $15.6M Japan
2021 - 2022
FASTEST GROWING ORIGIN $15.6MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $93.4M in Electrical Ignitions, making it the 29th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 122nd most exported product in Philippines. The main destination of Electrical Ignitions exports from Philippines are: Japan ($22.9M), China ($15.9M), United States ($13.3M), Germany ($11.3M), and Brazil ($8.86M).

The fastest growing export markets for Electrical Ignitions of Philippines between 2021 and 2022 were Germany ($3.55M), Brazil ($2.53M), and Malaysia ($1.69M).

Imports In 2022, Philippines imported $84M in Electrical Ignitions, becoming the 36th largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 300th most imported product in Philippines. Philippines imports Electrical Ignitions primarily from: Japan ($34.2M), China ($19.9M), Thailand ($11.8M), Indonesia ($6.06M), and Singapore ($3.22M).

The fastest growing import markets in Electrical Ignitions for Philippines between 2021 and 2022 were Japan ($15.6M), Indonesia ($4.22M), and China ($2.68M).

COMPANIES In 2023, leading companies such as Stihl (22) were at the forefront of shipping Electrical Ignitions from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Electrical Ignitions exports accounted up to $6M and imports accounted up to $4.15M, resulting in a positive trade balance of $1.85M. Between June 2023 and June 2024 the exports of Philippines'   Electrical Ignitions have decreased by $-1.48M (-19.8%) from $7.48M to $6M, while imports decreased by $-1.18M (-22.2%) from $5.34M to $4.15M.

Destinations In June 2024, Electrical Ignitions were exported mostly to Japan ($1.97M), Mexico ($1.01M), Thailand ($812k), China ($724k), and United States ($436k), and were imported mostly from Japan ($2.77M), Thailand ($683k), United States ($134k), France ($130k), and Canada ($102k).

Growth In June 2024, the decrease in Electrical Ignitions's year-by-year exports was explained primarily by a decrease in exports to Japan ($-179k or -13.2%), China ($-147k or -14.8%), and Mexico ($-100k or -24.9%). In June 2024, the decrease in Electrical Ignitions's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-88.4k or -12.5%), Chinese Taipei ($-58.2k or -74.9%), and Vietnam ($-48.4k or -83.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.48M(-19.8%)
IMPORT GROWTH (June 2023 - June 2024)$-1.18M(-22.2%)
MAIN DESTINATION (June 2024)Japan$1.97M

This section shows Electrical Ignitions'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 Electrical Ignitions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$93.4M
IMPORTS (2022)$84M
NET TRADE (2022)$9.35M

In 2022, Philippines exported $93.4M in Electrical Ignitions. The main destinations of Philippines exports on Electrical Ignitions were Japan ($22.9M), China ($15.9M), United States ($13.3M), Germany ($11.3M), and Brazil ($8.86M).

In 2022, Philippines imported $84M in Electrical Ignitions, mainly from Japan ($34.2M), China ($19.9M), Thailand ($11.8M), Indonesia ($6.06M), and Singapore ($3.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$3.55M (46%)
Brazil$2.53M (40%)
Malaysia$1.69M (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Philippines WERE (2021 - 2022):
Chinese Taipei-$10.9M (-99.2%)
Japan-$8.96M (-28.1%)
Pakistan-$8.31M (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Electrical Ignitions were:
Japan $3.43B
China $3.22B
United States $2.02B
In 2022, Philippines's main importing competitors in Electrical Ignitions were:
United States $4.44B
Germany $2.05B
Mexico $1.66B

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Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.4M
TOP IMPORT POTENTIALChina+ $9.13M

Electrical Ignitions’s highest export potential is United States. With an export gap of $11.4M.   Electrical Ignitions’s highest import potential is China with an import gap of $9.13M.

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