Electrical Machinery Imports of Philippines in 2023

The import of electrical machinery in the Philippines has been experiencing tremendous growth in the present days because of the continuous modernization of the industrial sectors and the increasing domestic requirements. The rise in the domestic demand for electrical machinery and the consistent growth rate in GDP at a rate of 6% in the present days have recorded a hike of 7% in the machinery Import market of the Philippines. The implementation of the government authorities regarding the initiation of several large-scale infrastructure projects and the competitive pricing ranges offered attract most of the leading trade destinations worldwide.



The total valuation of electrical machinery imports in 2023 stands at a staggering rate of 14 billion US dollars, representing an increase of the value of 5.2 billion US dollars in 2019. Import Globals highlights all the key trade insights of the country’s global trade regarding the valuable market trends for helping the business holders expand their business worldwide.

TOP LEADING MACHINERY IMPORT OF PHILIPPINES IN 2023

According to the Philippines Import Data, the top leading machinery imports of the nation in 2023 are,

  1. Electronic integrated circuits — Import trade value of Electronic integrated circuits in the Philippines in 2023–3.5 billion US dollars
  2. Computers — Import trade value of Computers in the Philippines in 2023–2.5 billion US dollars
  3. Electrical transformers — Import trade value of Electrical transformers in the Philippines in 2023–2 billion US dollars
  4. Semiconductors — Import trade value of Semiconductors in the Philippines in 2023–1.8 billion US dollars
  5. Telecommunication equipment — Import trade value of Telecommunication equipment in the Philippines in 2023–1 billion US dollars
  6. Electric generators — Import trade value of Electric generators in the Philippines in 2023–900 million US dollars
  7. Electrical control panels — Import trade value of Electrical control panels in the Philippines in 2023–800 million US dollars
  8. Electrical capacitors — Import trade value of Electrical capacitors in the Philippines in 2023–700 million US dollars
  9. Solar panels — Import trade value of Solar panels in the Philippines in 2023–600 million US dollars
  10. Switchboard and switchgear — Import trade value of Switchboard and switchgear in Philippines in 2023–500 million US dollars

TOP 10 LEADING ELECTRICAL MACHINERY MANUFACTURING COMPANIES OF THE PHILIPPINES IN 2023

As per the Philippines Customs Data, the top 10 electrical machinery manufacturing companies of the Philippines in 2023 are,

  1. ABB Holdings Inc. — Valuation of electrical machinery import from ABB Holdings Inc in 2023–3.2 billion US dollars
  2. Mitsubishi Electric Philippines Inc. — Valuation of electrical machinery import from Mitsubishi Electric Philippines Inc. in 2023–2.5 billion US dollars
  3. Schneider Electric Philippines Inc- Valuation of electrical machinery import from Schneider Electric Philippines Inc in 2023–1.8 billion US dollars
  4. Siemens Inc.- Valuation of electrical machinery import from Siemens Inc in 2023–1 billion US dollars
  5. Sumitomo Corporation Global Business Group- Valuation of electrical machinery import from Sumitomo Corporation Global Business Group in 2023–900 million US dollars
  6. Toshiba Philippines Inc- Valuation of electrical machinery import from Toshiba Philippines Inc in 2023–800 million US dollars
  7. General Electric International Inc.- Valuation of electrical machinery import from General Electric International Inc in 2023–700 million US dollars
  8. Fuji Electric Global Co., Ltd- Valuation of electrical machinery import from Fuji Electric Global Co., Ltd in 2023–600 million US dollars
  9. Festo AG & Co KG- Valuation of electrical machinery import from Festo AG & Co KG in 2023–500 million US dollars
  10. Pilipinas Shell Petroleum Corporation- Valuation of electrical machinery import from Pilipinas Shell Petroleum Corporation in 2023–400 million

TOP 10 IMPORT TRADE PARTNERS OF THE PHILIPPINES FOR ELECTRICAL MACHINERY IMPORT IN 2023

As per the Philippines Export Data, the leading trade destinations from which the country imports most of its electrical machinery in 2023 are,

  1. China — Valuation of electrical machinery import in the Philippines from China in 2023–2.89 billion US dollars
  2. Japan- Valuation of electrical machinery import in the Philippines from in 2023–2.5 billion US dollars
  3. United States — Valuation of electrical machinery import in Philippines from in 2023–1.87 billion US dollars
  4. Germany — Valuation of electrical machinery import in the Philippines from in 2023–1.8 billion US dollars
  5. South Korea- Valuation of electrical machinery import in Philippines from 2023–1.5 billion US dollars
  6. Singapore — Valuation of electrical machinery import in the Philippines from in 2023–1 billion US dollars
  7. Malaysia — Valuation of electrical machinery import in the Philippines from in 2023–860 million US dollars
  8. Thailand — Valuation of electrical machinery import in the Philippines from in 2023–700 million US dollars
  9. Taiwan — Valuation of electrical machinery import in the Philippines from in 2023–589 million US dollars
  10. Indonesia- Valuation of electrical machinery import in the Philippines from in 2023–400 million US dollars

IMPORT TRADE STATISTICS OF ELECTRICAL MACHINERY IMPORT OF PHILIPPINES FOR THE LAST 10 YEARS

  1. Import trade value of electrical machinery of Philippines in 2013–1.5 billion US dollars
  2. Import trade value of electrical machinery of Philippines in 2014–1.8 billion US dollars
  3. Import trade value of electrical machinery of Philippines in 2015–2.4 billion US dollars
  4. Import trade value of electrical machinery of Philippines in 2016–2.7 billion US dollars
  5. Import trade value of electrical machinery of Philippines in 2017–3.4 billion US dollars
  6. Import trade value of electrical machinery of Philippines in 2018–3.8 billion US dollars
  7. Import trade value of electrical machinery of Philippines in 2019–4.1 billion US dollars
  8. Import trade value of electrical machinery of Philippines in 2020–5.8 billion US dollars
  9. Import trade value of electrical machinery of Philippines in 2021–6.9 billion US dollars
  10. Import trade value of electrical machinery of Philippines in 2022–7.2 billion US dollars

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