Electrical Machinery Imports of the Philippines in 2023

The electrical machinery imports of the Philippines have been on severe growth from the previous few years due to growing domestic demands for modern and efficient electrical equipment in different Industrial sectors including manufacturing, construction, and transportation sectors. From a staggering import valuation of 18.47 billion US dollars in 2019 representing an annual growth of 5%, the import market of electrical Machinery in the Philippines is expected to reach a severe upward trajectory in the upcoming days because of the hike in consumer demands. The rapid development of infrastructure projects and the substantial allocation of funding have been recording a pivotal growth of the globally growing economy.

The total annual import trade value of electrical machinery in the Philippines winds up at 27 billion US dollars showing a dominant impact of foreign exporters over the trade management authorities. Import Globals with its Philippines trade data highlights all the categorized valuations of leading imports and exports to help the business holders expand their business worldwide.

TOP 10 ELECTRICAL MACHINERY IMPORTS IN THE PHILIPPINES 2023.

As per the Philippines Import Data, the valuations of the electrical machinery imports in 2023 are,

  1. Electric Motors — Import trade value of Electric Motors in 2023–11 billion US dollars
  2. Electrical Transformers– Import trade value of Electrical Transformers in 2023–8 billion US dollars
  3. Electrical Generators– Import trade value of Electrical Generators in 2023–7 billion US dollars
  4. Switchgear & Control Equipment– Import trade value of Switchgear & Control Equipment in 2023–5 billion US dollars
  5. Insulated Wire & Cable — Import trade value of Insulated Wire & Cable in 2023–4 billion US dollars
  6. Telecommunications Equipment — Import trade value of Telecommunications Equipment in 2023–3 billion US dollars
  7. Electric Storage Batteries– Import trade value of Electric Storage Batteries in 2023–2.5 billion US dollars
  8. Electrical Fuses & Circuit Breakers — Import trade value of Electrical Fuses & Circuit Breakers in 2023–2 billion US dollars
  9. Electrical Capacitors– Import trade value of Electrical Capacitors in 2023–1.8 billion US dollars
  10. Electric Switches & Connectors– Import trade value of Electric Switches & Connectors in 2023–1.5 billion US dollars

TOP 10 ELECTRICAL MACHINERY IMPORTING COMPANIES OF THE PHILIPPINES IN 2023

As per the Philippines Export Data, the top 10 leading electrical machinery importing companies of 2023 are,

  1. Philflex — Total valuation of electrical machinery import from Philflex in 2023–12 billion US dollars
  2. Schneider Electric — Total valuation of electrical machinery import from Schneider Electric in 2023–8 billion US dollars
  3. Legrand — Total valuation of electrical machinery imported from Legrand in 2023–7 billion US dollars
  4. Mitsubishi Electric Corporation — Total valuation of electrical machinery import from Mitsubishi Electric Corporation in 2023–6 billion US dollars
  5. LSIS Co., Ltd — Total valuation of electrical machinery import from LSIS Co., Ltd in 2023–5 billion US dollars
  6. Toshiba Corporation — Total valuation of electrical machinery import from Toshiba Corporation in 2023–4.5 billion US dollars
  7. Siemens AG — Total valuation of electrical machinery import from Siemens AG in 2023–3.8 billion US dollars
  8. ABB Ltd — Total valuation of electrical machinery import from ABB Ltd in 2023–3.5 billion US dollars
  9. General Electric — Total valuation of electrical machinery import from General Electric in 2023–2.7 billion US dollars
  10. Leviton Manufacturing Co., Inc — Total valuation of electrical machinery import from Leviton Manufacturing Co., Inc in 2023–2.4 billion US dollars

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

The Philippines Customs Data highlights the below-mentioned as the import trade partners of the Philippines for electrical machinery imports in 2023.

  1. China — Electrical machinery import in the Philippines from China in 2023–10 billion US dollars
  2. South Korea — Electrical machinery import in the Philippines from South Korea in 2023–8 billion US dollars
  3. Japan — Electrical machinery import in the Philippines from Japan in 2023–6 billion US dollars
  4. United States — Electrical machinery import in the Philippines from the United States in 2023–5 billion US dollars
  5. Germany — Electrical machinery import in the Philippines from Germany in 2023–4 billion US dollars
  6. Singapore — Electrical machinery import in the Philippines from Singapore in 2023–3.5 billion US dollars
  7. Malaysia — Electrical machinery import in the Philippines from Malaysia in 2023–2.8 billion US dollars
  8. Taiwan — Electrical machinery import in the Philippines from Taiwan in 2023–1.7 billion US dollars
  9. Germany — Electrical machinery import in the Philippines from Germany in 2023–1.4 billion US dollars
  10. Vietnam — Electrical machinery import in the Philippines from Vietnam in 2023–1 billion US dollars

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

  1. Import trade value of electrical machinery in the Philippines 2013- 8 billion US
  2. Import trade value of electrical machinery in the Philippines 2014- 10 billion US
  3. Import trade value of electrical machinery in the Philippines 2015- 9 billion US
  4. Import trade value of electrical machinery in the Philippines 2016- 12 billion US
  5. Import trade value of electrical machinery in the Philippines 2017- 15 billion US
  6. Import trade value of electrical machinery in the Philippines 2018- 14 billion US
  7. Import trade value of electrical machinery in the Philippines 2019- 17 billion US
  8. Import trade value of electrical machinery in the Philippines 2020- 16 billion US
  9. Import trade value of electrical machinery in the Philippines 2021- 19 billion US
  10. Import trade value of electrical machinery in the Philippines 2022- 21 billion US

Comments

Post a Comment

Popular posts from this blog

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more

Russia Import Export Statistics 2023

  Russia's trade activities were significant, with both exports and imports playing crucial roles in its economy. Here's a general overview: Exports: Energy Resources: Russia is renowned for its vast energy resources, particularly oil and natural gas. These resources constitute a substantial portion of Russia's export revenue. Russia Export Data Minerals and Metals: Russia also exports various minerals and metals, including iron ore, coal, aluminum, and copper. Arms and Military Equipment: The country is a significant exporter of arms and military equipment to various countries around the world. Agricultural Products: Russia exports agricultural commodities such as wheat, barley, and other grains. Imports: Machinery: Russia imports machinery and equipment for industrial purposes, including machinery for manufacturing and infrastructure development. Russia Import Data Consumer Goods: Like many countries, Russia imports various consumer goods such as electronics, clothi...
Read more

Importance of Turkey Import Export in Trade Data Business

Are you planning to do trade business with Turkey? If so, it is very important to know the trade dynamics of the country so that you can make informed business decisions. Here comes the need of Turkey Global Import Export Data details on real-time basis for successful international trade expansion. Turkey Import Data is collected of statistical information about each company’s business activities. It is based on the shipping bills, import bills, invoices and other import export documents. The data provides a bird’s eye view of the commodities that are imported or exported in Turkey. The Turkey import and export data contains information about price, HS code, importers’ details, exporters’ details, custom data, shipment data, competitors’ data, product description and quantity. Know the importance of Turkey import export data 1. The authentic and real-time import export data is used to estimate the consumption pattern of Turkey. The businesses can predict the local demand of commoditi...
Read more