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Pricing

2022
Exports $12.5MWorld Rnk 36 / 173
Flag Rnk 307 / 1127
2022
Destination $2.5M United States
2021 - 2022
FASTEST GROWING MARKET $2.5MUnited States
2022
PRODUCT COMPLEXITY IN Coated Metal Soldering Products0.55Rnk 345 / 1025
2022
Imports $58.7MWorld Rnk 21 / 219
Flag Rnk 357 / 1201
2022
Origin $7.93M China
2021 - 2022
FASTEST GROWING ORIGIN $7.93MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $12.5M in Coated Metal Soldering Products, making it the 36th largest exporter of Coated Metal Soldering Products in the world. At the same year, Coated Metal Soldering Products was the 307th most exported product in Philippines. The main destination of Coated Metal Soldering Products exports from Philippines are: United States ($5.31M), Iran ($1.34M), Japan ($1.12M), Thailand ($1.02M), and Singapore ($648k).

The fastest growing export markets for Coated Metal Soldering Products of Philippines between 2021 and 2022 were United States ($2.5M), Japan ($644k), and Iran ($631k).

Imports In 2022, Philippines imported $58.7M in Coated Metal Soldering Products, becoming the 21st largest importer of Coated Metal Soldering Products in the world. At the same year, Coated Metal Soldering Products was the 357th most imported product in Philippines. Philippines imports Coated Metal Soldering Products primarily from: China ($35.8M), Japan ($7.38M), Singapore ($3.45M), Chinese Taipei ($2.86M), and Hong Kong ($2.51M).

The fastest growing import markets in Coated Metal Soldering Products for Philippines between 2021 and 2022 were China ($7.93M), Hong Kong ($1.25M), and United States ($467k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Coated Metal Soldering Products exports accounted up to $976k and imports accounted up to $1.86M, resulting in a negative trade balance of $882k. Between June 2023 and June 2024 the exports of Philippines'   Coated Metal Soldering Products have increased by $291k (42.4%) from $686k to $976k, while imports decreased by $-2.35M (-55.9%) from $4.21M to $1.86M.

Destinations In June 2024, Coated Metal Soldering Products were exported mostly to Pakistan ($238k), United States ($229k), Iran ($168k), Thailand ($64.8k), and Vietnam ($62.5k), and were imported mostly from Japan ($792k), South Korea ($235k), United States ($187k), Hong Kong ($149k), and Chinese Taipei ($137k).

Growth In June 2024, the increase in Coated Metal Soldering Products's year-by-year exports was explained primarily by an increase in exports to United States ($118k or 58.8%), Malaysia ($62.5k or 41.7k%), and Thailand ($44.9k or 69.1%). In June 2024, the decrease in Coated Metal Soldering Products's year-by-year imports was explained primarily by a decrease in imports from Japan ($-517k or -41.4%), Hong Kong ($-242k or -91.5%), and Indonesia ($-98.4k or -88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$291k(42.4%)
IMPORT GROWTH (June 2023 - June 2024)$-2.35M(-55.9%)
MAIN DESTINATION (June 2024)Pakistan$238k

This section shows Coated Metal Soldering Products'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 Coated Metal Soldering Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.5M
IMPORTS (2022)$58.7M
NET TRADE (2022)-$46.2M

In 2022, Philippines exported $12.5M in Coated Metal Soldering Products. The main destinations of Philippines exports on Coated Metal Soldering Products were United States ($5.31M), Iran ($1.34M), Japan ($1.12M), Thailand ($1.02M), and Singapore ($648k).

In 2022, Philippines imported $58.7M in Coated Metal Soldering Products, mainly from China ($35.8M), Japan ($7.38M), Singapore ($3.45M), Chinese Taipei ($2.86M), and Hong Kong ($2.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Metal Soldering Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$2.5M (89%)
Japan$644k (134%)
Iran$631k (88.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Metal Soldering Products BY Philippines WERE (2021 - 2022):
China-$570k (-64.5%)
Spain-$134k (-40.2%)
Papua New Guinea-$42.9k (-59.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Coated Metal Soldering Products were:
China $953M
United States $395M
South Korea $216M
In 2022, Philippines's main importing competitors in Coated Metal Soldering Products were:
United States $214M
China $193M
Mexico $182M

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Trade Value of Coated Metal Soldering Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $586k
TOP IMPORT POTENTIALUnited States+ $1.07M

Coated Metal Soldering Products’s highest export potential is China. With an export gap of $586k.   Coated Metal Soldering Products’s highest import potential is United States with an import gap of $1.07M.

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