Gas and Liquid Flow Measuring Instruments in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $74.9M in Gas and Liquid Flow Measuring Instruments, making it the 33rd largest exporter of Gas and Liquid Flow Measuring Instruments in the world. At the same year, Gas and Liquid Flow Measuring Instruments was the 137th most exported product in Philippines. The main destination of Gas and Liquid Flow Measuring Instruments exports from Philippines are: China ($21.5M), Mexico ($14.8M), Thailand ($9.94M), South Korea ($8.19M), and United States ($4.79M).

The fastest growing export markets for Gas and Liquid Flow Measuring Instruments of Philippines between 2021 and 2022 were Mexico ($9.7M), United States ($1.63M), and Thailand ($1.6M).

Imports In 2022, Philippines imported $49.4M in Gas and Liquid Flow Measuring Instruments, becoming the 53rd largest importer of Gas and Liquid Flow Measuring Instruments in the world. At the same year, Gas and Liquid Flow Measuring Instruments was the 384th most imported product in Philippines. Philippines imports Gas and Liquid Flow Measuring Instruments primarily from: Japan ($11M), China ($10.5M), United States ($6.1M), Germany ($4.24M), and Singapore ($3.8M).

The fastest growing import markets in Gas and Liquid Flow Measuring Instruments for Philippines between 2021 and 2022 were China ($2.43M), United States ($1.39M), and Australia ($371k).

Latest Trends

June 2024

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Overview In June 2024 Philippines' Gas and Liquid Flow Measuring Instruments exports accounted up to $2.92M and imports accounted up to $3.1M, resulting in a negative trade balance of $183k. Between June 2023 and June 2024 the exports of Philippines' Gas and Liquid Flow Measuring Instruments have increased by $1.29M (79.3%) from $1.63M to $2.92M, while imports decreased by $-1.64M (-34.7%) from $4.74M to $3.1M.

Destinations In June 2024, Gas and Liquid Flow Measuring Instruments were exported mostly to Thailand ($1.45M), South Korea ($1.21M), Chinese Taipei ($157k), Japan ($61.1k), and Indonesia ($21.5k), and were imported mostly from United States ($741k), Japan ($678k), Netherlands ($313k), South Korea ($300k), and Germany ($224k).

Growth In June 2024, the increase in Gas and Liquid Flow Measuring Instruments's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Gas and Liquid Flow Measuring Instruments's year-by-year imports was explained primarily by a decrease in imports from Japan ($-463k or -46.5%), Netherlands ($-162k or -81.6%), and United Kingdom ($-150k or -75.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$1.29M(79.3%)

IMPORT GROWTH (June 2023 - June 2024)$-1.64M(-34.7%)

MAIN DESTINATION (June 2024)Thailand$1.45M

This section shows Gas and Liquid Flow Measuring 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 Gas and Liquid Flow Measuring Instruments over time.

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