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2022
Exports $43MWorld Rnk 20 / 117
Flag Rnk 181 / 1127
2022
Destination $3.57M Japan
2021 - 2022
FASTEST GROWING MARKET $3.57MNetherlands
2022
PRODUCT COMPLEXITY IN Metal Lathes1.68Rnk 29 / 1025
2022
Imports $18.9MWorld Rnk 45 / 189
Flag Rnk 590 / 1201
2022
Origin $3.01M Japan
2021 - 2022
FASTEST GROWING ORIGIN $3.01MChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $43M in Metal Lathes, making it the 20th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 181st most exported product in Philippines. The main destination of Metal Lathes exports from Philippines are: Japan ($10.8M), Netherlands ($8.21M), United States ($6.39M), Vietnam ($3.82M), and Thailand ($3.79M).

The fastest growing export markets for Metal Lathes of Philippines between 2021 and 2022 were Netherlands ($3.57M), United States ($3.51M), and Thailand ($1.4M).

Imports In 2022, Philippines imported $18.9M in Metal Lathes, becoming the 45th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 590th most imported product in Philippines. Philippines imports Metal Lathes primarily from: Japan ($5.6M), China ($4.42M), Chinese Taipei ($4.38M), United States ($884k), and Thailand ($877k).

The fastest growing import markets in Metal Lathes for Philippines between 2021 and 2022 were Chinese Taipei ($3.01M), China ($1.48M), and United States ($721k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Metal Lathes exports accounted up to $528k and imports accounted up to $822k, resulting in a negative trade balance of $294k. Between June 2023 and June 2024 the exports of Philippines'   Metal Lathes have decreased by $-1.89M (-78.1%) from $2.41M to $528k, while imports increased by $362k (78.6%) from $460k to $822k.

Destinations In June 2024, Metal Lathes were exported mostly to Japan ($528k), and were imported mostly from Japan ($376k), Singapore ($174k), South Korea ($119k), Chinese Taipei ($104k), and United States ($26.2k).

Growth In June 2024, the decrease in Metal Lathes's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-5.99k or -8.76%). In June 2024, the increase in Metal Lathes's year-by-year imports was explained primarily by an increase in imports from Japan ($408k or 57%) and South Korea ($12k or 2.18k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.89M(-78.1%)
IMPORT GROWTH (June 2023 - June 2024)$362k(78.6%)
MAIN DESTINATION (June 2024)Japan$528k

This section shows Metal Lathes'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 Metal Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$43M
IMPORTS (2022)$18.9M
NET TRADE (2022)$24.1M

In 2022, Philippines exported $43M in Metal Lathes. The main destinations of Philippines exports on Metal Lathes were Japan ($10.8M), Netherlands ($8.21M), United States ($6.39M), Vietnam ($3.82M), and Thailand ($3.79M).

In 2022, Philippines imported $18.9M in Metal Lathes, mainly from Japan ($5.6M), China ($4.42M), Chinese Taipei ($4.38M), United States ($884k), and Thailand ($877k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$3.57M (77.1%)
United States$3.51M (122%)
Thailand$1.4M (58.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY Philippines WERE (2021 - 2022):
China-$1.84M (-87.8%)
Burma-$712k (-100%)
Hong Kong-$233k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Metal Lathes were:
Japan $1.72B
South Korea $919M
Germany $778M
In 2022, Philippines's main importing competitors in Metal Lathes were:
United States $1.15B
China $631M
Germany $594M

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.68M
TOP IMPORT POTENTIALChina+ $1.63M

Metal Lathes’s highest export potential is United States. With an export gap of $2.68M.   Metal Lathes’s highest import potential is China with an import gap of $1.63M.

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