Office Machine Parts in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $10.2B in Office Machine Parts, making it the 8th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 2nd most exported product in Philippines. The main destination of Office Machine Parts exports from Philippines are: United States ($2.59B), China ($1.33B), Hong Kong ($894M), Germany ($840M), and Thailand ($781M).

The fastest growing export markets for Office Machine Parts of Philippines between 2021 and 2022 were China ($357M), Singapore ($115M), and United Kingdom ($103M).

Imports In 2022, Philippines imported $2.45B in Office Machine Parts, becoming the 24th largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 7th most imported product in Philippines. Philippines imports Office Machine Parts primarily from: China ($729M), Hong Kong ($616M), Japan ($307M), United States ($271M), and Singapore ($171M).

The fastest growing import markets in Office Machine Parts for Philippines between 2021 and 2022 were South Korea ($29.1M), India ($12.2M), and Poland ($1.92M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Office Machine Parts from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Office Machine Parts exports accounted up to $117M and imports accounted up to $222M, resulting in a negative trade balance of $105M. Between August 2020 and August 2021 the exports of Philippines' Office Machine Parts have increased by $17.8M (17.9%) from $99.3M to $117M, while imports increased by $64M (40.5%) from $158M to $222M.

Destinations In August 2021, Office Machine Parts were exported mostly to Thailand ($88.1M), Hong Kong ($4.86M), Vietnam ($3.95M), United States ($3.87M), and Japan ($3.49M), and were imported mostly from Hong Kong ($81.8M), Japan ($49.8M), Thailand ($35.2M), China ($18M), and Singapore ($16.4M).

Growth In August 2021, the increase in Office Machine Parts's year-by-year exports was explained primarily by an increase in exports to Thailand ($33.4M or 85.9%), Vietnam ($2.83M or 703%), and United States ($1.18M or 108%). In August 2021, the increase in Office Machine Parts's year-by-year imports was explained primarily by an increase in imports from China ($29.6M or 142%), Japan ($22M or 92.4%), and Singapore ($19.1M or 87.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$17.8M(17.9%)

IMPORT GROWTH (August 2020 - August 2021)$64M(40.5%)

MAIN DESTINATION (August 2021)Thailand$88.1M

This section shows Office Machine Parts'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 Office Machine Parts over time.

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