Integrated Circuits in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $32.4B in Integrated Circuits, making it the 8th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in Philippines. The main destination of Integrated Circuits exports from Philippines are: Hong Kong ($8.48B), China ($5.83B), Singapore ($5.22B), United States ($1.87B), and Germany ($1.68B).

The fastest growing export markets for Integrated Circuits of Philippines between 2021 and 2022 were Hong Kong ($1.08B), Singapore ($556M), and China ($545M).

Imports In 2022, Philippines imported $15.7B in Integrated Circuits, becoming the 12th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most imported product in Philippines. Philippines imports Integrated Circuits primarily from: Chinese Taipei ($3.77B), South Korea ($3.64B), China ($1.53B), Singapore ($1.43B), and United States ($1.43B).

The fastest growing import markets in Integrated Circuits for Philippines between 2021 and 2022 were Chinese Taipei ($753M), Singapore ($247M), and Hong Kong ($233M).

COMPANIES In 2020, leading companies such as STIHL INCORPORATED (13) were at the forefront of shipping Integrated Circuits from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Integrated Circuits exports accounted up to $1.54B and imports accounted up to $706M, resulting in a positive trade balance of $833M. Between August 2020 and August 2021 the exports of Philippines' Integrated Circuits have increased by $193M (14.3%) from $1.35B to $1.54B, while imports increased by $102M (16.8%) from $604M to $706M.

Destinations In August 2021, Integrated Circuits were exported mostly to Hong Kong ($551M), China ($223M), Singapore ($155M), Japan ($105M), and Chinese Taipei ($83.4M), and were imported mostly from Chinese Taipei ($225M), Japan ($120M), United States ($97.6M), Singapore ($77.1M), and South Korea ($50.7M).

Growth In August 2021, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($122M or 37.7%), China ($34.7M or 43.3%), and Singapore ($18.4M or 17%). In August 2021, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Singapore ($24.4M or 71.9%), Hong Kong ($10.1M or 77%), and Chinese Taipei ($3.96M or 2.14%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$193M(14.3%)

IMPORT GROWTH (August 2020 - August 2021)$102M(16.8%)

MAIN DESTINATION (August 2021)Hong Kong$551M

This section shows Integrated Circuits'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 Integrated Circuits over time.

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