Electrical Lighting and Signalling Equipment in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $123M in Electrical Lighting and Signalling Equipment, making it the 32nd largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 95th most exported product in Philippines. The main destination of Electrical Lighting and Signalling Equipment exports from Philippines are: China ($28.4M), United States ($27.3M), Thailand ($19.1M), Hong Kong ($9.06M), and Japan ($8.54M).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Philippines between 2021 and 2022 were Thailand ($5.68M), Hong Kong ($1.72M), and Pakistan ($497k).

Imports In 2022, Philippines imported $97.3M in Electrical Lighting and Signalling Equipment, becoming the 42nd largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 270th most imported product in Philippines. Philippines imports Electrical Lighting and Signalling Equipment primarily from: China ($47.5M), Thailand ($13.9M), Indonesia ($13.8M), Malaysia ($5.59M), and Chinese Taipei ($5.17M).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Philippines between 2021 and 2022 were China ($11.3M), Indonesia ($6.84M), and Malaysia ($2.92M).

Latest Trends

June 2024

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Overview In June 2024 Philippines' Electrical Lighting and Signalling Equipment exports accounted up to $13.9M and imports accounted up to $1.57M, resulting in a positive trade balance of $12.4M. Between June 2023 and June 2024 the exports of Philippines' Electrical Lighting and Signalling Equipment have increased by $5.32M (61.8%) from $8.62M to $13.9M, while imports decreased by $-2.71M (-63.3%) from $4.28M to $1.57M.

Destinations In June 2024, Electrical Lighting and Signalling Equipment were exported mostly to Japan ($5.05M), United States ($3M), India ($1.53M), Thailand ($1.25M), and China ($602k), and were imported mostly from Thailand ($860k), Japan ($246k), India ($144k), South Korea ($64.9k), and Chinese Taipei ($55.7k).

Growth In June 2024, the increase in Electrical Lighting and Signalling Equipment's year-by-year exports was explained primarily by an increase in exports to China ($454k or 85.6%), Mexico ($190k or 46.1%), and Hungary ($165k or 479%). In June 2024, the decrease in Electrical Lighting and Signalling Equipment's year-by-year imports was explained primarily by a decrease in imports from Australia ($-45.7k or -95%), Poland ($-31.6k or -97.4%), and France ($-19.8k or -85.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$5.32M(61.8%)

IMPORT GROWTH (June 2023 - June 2024)$-2.71M(-63.3%)

MAIN DESTINATION (June 2024)Japan$5.05M

This section shows Electrical Lighting and Signalling Equipment'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 Lighting and Signalling Equipment over time.

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