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2022
Exports $14.4MWorld Rnk 42 / 203
Flag Rnk 296 / 1127
2022
Destination $1.38M United States
2021 - 2022
FASTEST GROWING MARKET $1.38MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hydrometers0.82Rnk 240 / 1025
2022
Imports $21.9MWorld Rnk 47 / 222
Flag Rnk 562 / 1201
2022
Origin $1.22M China
2021 - 2022
FASTEST GROWING ORIGIN $1.22MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $14.4M in Hydrometers, making it the 42nd largest exporter of Hydrometers in the world. At the same year, Hydrometers was the 296th most exported product in Philippines. The main destination of Hydrometers exports from Philippines are: United States ($2.42M), China ($1.85M), United Kingdom ($1.5M), Switzerland ($1.31M), and Mexico ($1.06M).

The fastest growing export markets for Hydrometers of Philippines between 2021 and 2022 were United Kingdom ($1.38M), Mexico ($758k), and Switzerland ($524k).

Imports In 2022, Philippines imported $21.9M in Hydrometers, becoming the 47th largest importer of Hydrometers in the world. At the same year, Hydrometers was the 562nd most imported product in Philippines. Philippines imports Hydrometers primarily from: China ($8.02M), Japan ($2.55M), United States ($2.39M), Singapore ($1.78M), and Hong Kong ($978k).

The fastest growing import markets in Hydrometers for Philippines between 2021 and 2022 were United States ($1.22M), Malaysia ($501k), and Israel ($414k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Hydrometers exports accounted up to $124k and imports accounted up to $917k, resulting in a negative trade balance of $793k. Between June 2023 and June 2024 the exports of Philippines'   Hydrometers have increased by $12k (10.7%) from $112k to $124k, while imports decreased by $-286k (-23.8%) from $1.2M to $917k.

Destinations In June 2024, Hydrometers were exported mostly to Japan ($67.7k), Estonia ($16.6k), Austria ($14.6k), Finland ($13.6k), and China ($8.12k), and were imported mostly from United States ($150k), South Korea ($114k), Singapore ($111k), Hong Kong ($93k), and Germany ($85.4k).

Growth In June 2024, the increase in Hydrometers's year-by-year exports was explained primarily by an increase in exports to United States ($58.2k or 312%), Singapore ($4.66k or 2.28k%), and Japan ($3.7k or 8.29%). In June 2024, the decrease in Hydrometers's year-by-year imports was explained primarily by a decrease in imports from China ($-367k or -62.6%), Japan ($-89.2k or -44.4%), and India ($-64.9k or -94.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$12k(10.7%)
IMPORT GROWTH (June 2023 - June 2024)$-286k(-23.8%)
MAIN DESTINATION (June 2024)Japan$67.7k

This section shows Hydrometers'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 Hydrometers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.4M
IMPORTS (2022)$21.9M
NET TRADE (2022)-$7.46M

In 2022, Philippines exported $14.4M in Hydrometers. The main destinations of Philippines exports on Hydrometers were United States ($2.42M), China ($1.85M), United Kingdom ($1.5M), Switzerland ($1.31M), and Mexico ($1.06M).

In 2022, Philippines imported $21.9M in Hydrometers, mainly from China ($8.02M), Japan ($2.55M), United States ($2.39M), Singapore ($1.78M), and Hong Kong ($978k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydrometers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$1.38M (1.14k%)
Mexico$758k (251%)
Switzerland$524k (66.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrometers BY Philippines WERE (2021 - 2022):
China-$16.4M (-89.8%)
Russia-$751k (-94.2%)
Austria-$217k (-57.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Hydrometers were:
China $1.72B
Germany $1.01B
United States $961M
In 2022, Philippines's main importing competitors in Hydrometers were:
United States $1.28B
Germany $814M
China $580M

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Trade Value of Hydrometers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.86M
TOP IMPORT POTENTIALChina+ $3.73M

Hydrometers’s highest export potential is United States. With an export gap of $3.86M.   Hydrometers’s highest import potential is China with an import gap of $3.73M.

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