2022
Exports
$1.81MWorld Rnk 59 / 174
Flag Rnk 540 / 1127
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2022
Imports
$30.8MWorld Rnk 51 / 218
Flag Rnk 490 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.81M in Woodworking machines, making it the 59th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 540th most exported product in Philippines. The main destination of Woodworking machines exports from Philippines are: Denmark ($654k), Thailand ($387k), Australia ($276k), Vietnam ($221k), and Sweden ($123k).

The fastest growing export markets for Woodworking machines of Philippines between 2021 and 2022 were Denmark ($654k), Thailand ($380k), and Australia ($249k).

Imports In 2022, Philippines imported $30.8M in Woodworking machines, becoming the 51st largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 490th most imported product in Philippines. Philippines imports Woodworking machines primarily from: China ($16.2M), Japan ($7.11M), Chinese Taipei ($1.98M), Malaysia ($1.44M), and Germany ($1.13M).

The fastest growing import markets in Woodworking machines for Philippines between 2021 and 2022 were China ($4.17M), Malaysia ($1.13M), and Germany ($849k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Woodworking machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.81M
IMPORTS (2022)$30.8M
NET TRADE (2022)-$28.9M

In 2022, Philippines exported $1.81M in Woodworking machines. The main destinations of Philippines exports on Woodworking machines were Denmark ($654k), Thailand ($387k), Australia ($276k), Vietnam ($221k), and Sweden ($123k).

In 2022, Philippines imported $30.8M in Woodworking machines, mainly from China ($16.2M), Japan ($7.11M), Chinese Taipei ($1.98M), Malaysia ($1.44M), and Germany ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Denmark$654k (1%)
Thailand$380k (5.86k%)
Australia$249k (924%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Philippines WERE (2021 - 2022):
Sweden-$241k (-66.3%)
China-$111k (-82.5%)
Japan-$89.8k (-97.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Philippines's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $164k
TOP IMPORT POTENTIALChina+ $5.18M

Woodworking machines’s highest export potential is United States. With an export gap of $164k.   Woodworking machines’s highest import potential is China with an import gap of $5.18M.

See methodology.

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