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2022
Exports $949kWorld Rnk 43 / 136
Flag Rnk 615 / 1127
2022
Destination $260k Vietnam
2021 - 2022
FASTEST GROWING MARKET $260kVietnam
2022
PRODUCT COMPLEXITY IN Metal Pickling Preparations1.66Rnk 32 / 1025
2022
Imports $43MWorld Rnk 13 / 209
Flag Rnk 410 / 1201
2022
Origin $3.91M Japan
2021 - 2022
FASTEST GROWING ORIGIN $3.91MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $949k in Metal Pickling Preparations, making it the 43rd largest exporter of Metal Pickling Preparations in the world. At the same year, Metal Pickling Preparations was the 615th most exported product in Philippines. The main destination of Metal Pickling Preparations exports from Philippines are: Vietnam ($445k), Malaysia ($128k), Japan ($98.1k), Pakistan ($64.9k), and Thailand ($58.9k).

The fastest growing export markets for Metal Pickling Preparations of Philippines between 2021 and 2022 were Vietnam ($260k), Turkey ($27.1k), and Malaysia ($8.19k).

Imports In 2022, Philippines imported $43M in Metal Pickling Preparations, becoming the 13th largest importer of Metal Pickling Preparations in the world. At the same year, Metal Pickling Preparations was the 410th most imported product in Philippines. Philippines imports Metal Pickling Preparations primarily from: Japan ($19.6M), Singapore ($9.57M), Thailand ($3.33M), Malaysia ($3.16M), and China ($2.29M).

The fastest growing import markets in Metal Pickling Preparations for Philippines between 2021 and 2022 were Japan ($3.91M), Thailand ($1.29M), and Malaysia ($630k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Metal Pickling Preparations exports accounted up to $94.8k and imports accounted up to $8.45M, resulting in a negative trade balance of $8.36M. Between June 2023 and June 2024 the exports of Philippines'   Metal Pickling Preparations have decreased by $-199k (-67.7%) from $293k to $94.8k, while imports increased by $3.98M (89.1%) from $4.47M to $8.45M.

Destinations In June 2024, Metal Pickling Preparations were exported mostly to Hong Kong ($38.8k), Indonesia ($25.3k), Thailand ($24.2k), United States ($3.16k), and Japan ($3k), and were imported mostly from South Korea ($4.45M), Japan ($2.64M), Singapore ($769k), Thailand ($250k), and United States ($152k).

Growth In June 2024, the decrease in Metal Pickling Preparations's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Metal Pickling Preparations's year-by-year imports was explained primarily by an increase in imports from United States ($249k or 144%), China ($182k or 52.2%), and South Korea ($126k or 253%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-199k(-67.7%)
IMPORT GROWTH (June 2023 - June 2024)$3.98M(89.1%)
MAIN DESTINATION (June 2024)Hong Kong$38.8k

This section shows Metal Pickling Preparations'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 Pickling Preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$949k
IMPORTS (2022)$43M
NET TRADE (2022)-$42.1M

In 2022, Philippines exported $949k in Metal Pickling Preparations. The main destinations of Philippines exports on Metal Pickling Preparations were Vietnam ($445k), Malaysia ($128k), Japan ($98.1k), Pakistan ($64.9k), and Thailand ($58.9k).

In 2022, Philippines imported $43M in Metal Pickling Preparations, mainly from Japan ($19.6M), Singapore ($9.57M), Thailand ($3.33M), Malaysia ($3.16M), and China ($2.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Pickling Preparations EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$260k (140%)
Turkey$27.1k (155%)
Malaysia$8.19k (6.83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Pickling Preparations BY Philippines WERE (2021 - 2022):
Japan-$116k (-54.1%)
Singapore-$84.8k (-87.4%)
United States-$65.1k (-64.3%)
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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 Pickling Preparations were:
Japan $371M
United States $259M
Germany $206M
In 2022, Philippines's main importing competitors in Metal Pickling Preparations were:
China $258M
Mexico $141M
South Korea $136M

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Trade Value of Metal Pickling Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $158k
TOP IMPORT POTENTIALChina+ $1.4M

Metal Pickling Preparations’s highest export potential is Vietnam. With an export gap of $158k.   Metal Pickling Preparations’s highest import potential is China with an import gap of $1.4M.

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