Weapons Parts and Accessories in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $1.08M in Weapons Parts and Accessories, making it the 54th largest exporter of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 598th most exported product in Philippines. The main destination of Weapons Parts and Accessories exports from Philippines are: United States ($915k), South Korea ($104k), Thailand ($19.6k), Canada ($12.6k), and Czechia ($7.46k).

Imports In 2022, Philippines imported $43.2M in Weapons Parts and Accessories, becoming the 14th largest importer of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 408th most imported product in Philippines. Philippines imports Weapons Parts and Accessories primarily from: Israel ($16.3M), India ($10M), Singapore ($8.48M), United States ($2.63M), and Italy ($1.53M).

The fastest growing import markets in Weapons Parts and Accessories for Philippines between 2021 and 2022 were Israel ($11.8M), Singapore ($8.48M), and India ($2.71M).

Latest Trends

March 2024

About

Overview In March 2024 Philippines' Weapons Parts and Accessories exports accounted up to $918 and imports accounted up to $1.63M, resulting in a negative trade balance of $1.63M. Between December 2022 and March 2024 the exports of Philippines' Weapons Parts and Accessories have decreased by $-11.4k (-92.6%) from $12.3k to $918, while imports decreased by $-422k (-20.6%) from $2.05M to $1.63M.

Destinations In March 2024, Weapons Parts and Accessories were exported mostly to , and were imported mostly from Chinese Taipei ($472k), United States ($421k), India ($224k), Hong Kong ($199k), and Israel ($127k).

Growth In March 2024, the decrease in Weapons Parts and Accessories's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Weapons Parts and Accessories's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-24.7k or -90.4%) and Germany ($-4.01k or -84.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - March 2024)$-11.4k(-92.6%)

IMPORT GROWTH (June 2023 - June 2024)$-422k(-20.6%)

MAIN DESTINATION (March 2024)

This section shows Weapons Parts and Accessories'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 Weapons Parts and Accessories over time.

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