Electrical Capacitors in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $901M in Electrical Capacitors, making it the 9th largest exporter of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 18th most exported product in Philippines. The main destination of Electrical Capacitors exports from Philippines are: China ($269M), Hong Kong ($162M), Germany ($82.9M), Singapore ($76M), and Mexico ($54.9M).

The fastest growing export markets for Electrical Capacitors of Philippines between 2021 and 2022 were Hong Kong ($76.4M), Mexico ($46.6M), and South Korea ($9.9M).

Imports In 2022, Philippines imported $364M in Electrical Capacitors, becoming the 18th largest importer of Electrical Capacitors in the world. At the same year, Electrical Capacitors was the 94th most imported product in Philippines. Philippines imports Electrical Capacitors primarily from: China ($131M), Hong Kong ($62.6M), South Korea ($51.4M), Singapore ($48.7M), and Japan ($33.4M).

The fastest growing import markets in Electrical Capacitors for Philippines between 2021 and 2022 were South Korea ($20.7M), Israel ($5.28M), and Australia ($583k).

Latest Trends

August 2021

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Overview In August 2021 Philippines' Electrical Capacitors exports accounted up to $114M and imports accounted up to $43.8M, resulting in a positive trade balance of $70.4M. Between August 2020 and August 2021 the exports of Philippines' Electrical Capacitors have increased by $36M (46.2%) from $78.1M to $114M, while imports increased by $9.6M (28.1%) from $34.2M to $43.8M.

Destinations In August 2021, Electrical Capacitors were exported mostly to China ($51.5M), Hong Kong ($20.2M), Germany ($11.2M), Singapore ($9.82M), and Japan ($5.7M), and were imported mostly from China ($23.1M), South Korea ($7.2M), Japan ($4.56M), Singapore ($4.14M), and Hong Kong ($3.16M).

Growth In August 2021, the increase in Electrical Capacitors's year-by-year exports was explained primarily by an increase in exports to China ($18.3M or 99.7%), South Korea ($4.5M or 175%), and Germany ($3.02M or 42.6%). In August 2021, the increase in Electrical Capacitors's year-by-year imports was explained primarily by an increase in imports from United States ($12.2M or 1.17k%), South Korea ($2.11M or 39.3%), and Malaysia ($285k or 206%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$36M(46.2%)

IMPORT GROWTH (August 2020 - August 2021)$9.6M(28.1%)

MAIN DESTINATION (August 2021)China$51.5M

This section shows Electrical Capacitors'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 Electrical Capacitors over time.

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