High-voltage Protection Equipment in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $103M in High-voltage Protection Equipment, making it the 22nd largest exporter of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 111th most exported product in Philippines. The main destination of High-voltage Protection Equipment exports from Philippines are: Hong Kong ($48M), South Korea ($15.1M), Japan ($14.1M), China ($6.41M), and United States ($5.57M).

The fastest growing export markets for High-voltage Protection Equipment of Philippines between 2021 and 2022 were Chinese Taipei ($3.61M), United States ($1.64M), and Kuwait ($417k).

Imports In 2022, Philippines imported $137M in High-voltage Protection Equipment, becoming the 21st largest importer of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 207th most imported product in Philippines. Philippines imports High-voltage Protection Equipment primarily from: China ($46.1M), Hong Kong ($28.7M), United States ($14.7M), Japan ($12M), and South Korea ($9.91M).

The fastest growing import markets in High-voltage Protection Equipment for Philippines between 2021 and 2022 were China ($6.98M), South Korea ($4.29M), and Mexico ($2.17M).

Latest Trends

June 2024

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Overview In June 2024 Philippines' High-voltage Protection Equipment exports accounted up to $10.6M and imports accounted up to $10.9M, resulting in a negative trade balance of $269k. Between June 2023 and June 2024 the exports of Philippines' High-voltage Protection Equipment have decreased by $-2.15M (-16.9%) from $12.7M to $10.6M, while imports decreased by $-19.4M (-64.1%) from $30.3M to $10.9M.

Destinations In June 2024, High-voltage Protection Equipment were exported mostly to South Korea ($4.08M), Hong Kong ($1.79M), Singapore ($1.31M), United States ($1M), and China ($728k), and were imported mostly from Japan ($2.75M), South Korea ($2.14M), Singapore ($1.11M), United States ($1.01M), and Germany ($955k).

Growth In June 2024, the decrease in High-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-2.1M or -42%), South Korea ($-545k or -16.1%), and United States ($-262k or -14.6%). In June 2024, the decrease in High-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-1.56M or -59.3%), United States ($-471k or -25.3%), and Chinese Taipei ($-192k or -25.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-2.15M(-16.9%)

IMPORT GROWTH (June 2023 - June 2024)$-19.4M(-64.1%)

MAIN DESTINATION (June 2024)South Korea$4.08M

This section shows High-voltage Protection 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 High-voltage Protection Equipment over time.

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