2022
Exports
$36.9MWorld Rnk 22 / 177
Flag Rnk 199 / 1127
2022
PRODUCT COMPLEXITY IN Milling Stones
1.24Rnk 102 / 1025
2022
Imports
$61.8MWorld Rnk 27 / 220
Flag Rnk 350 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $36.9M in Milling Stones, making it the 22nd largest exporter of Milling Stones in the world. At the same year, Milling Stones was the 199th most exported product in Philippines. The main destination of Milling Stones exports from Philippines are: India ($15.8M), Peru ($2.87M), Malaysia ($2.51M), Japan ($2.21M), and United States ($1.89M).

The fastest growing export markets for Milling Stones of Philippines between 2021 and 2022 were Japan ($1.75M), United States ($833k), and Colombia ($784k).

Imports In 2022, Philippines imported $61.8M in Milling Stones, becoming the 27th largest importer of Milling Stones in the world. At the same year, Milling Stones was the 350th most imported product in Philippines. Philippines imports Milling Stones primarily from: China ($26.2M), Japan ($15.3M), Thailand ($9.23M), Singapore ($3.37M), and United States ($2.61M).

The fastest growing import markets in Milling Stones for Philippines between 2021 and 2022 were Thailand ($2.84M), Japan ($1.62M), and Italy ($195k).

COMPANIES In 2023, leading companies such as Schaeffler Group (1) were at the forefront of shipping Milling Stones from Philippines to the United States.

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 Milling Stones. 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)$36.9M
IMPORTS (2022)$61.8M
NET TRADE (2022)-$24.9M

In 2022, Philippines exported $36.9M in Milling Stones. The main destinations of Philippines exports on Milling Stones were India ($15.8M), Peru ($2.87M), Malaysia ($2.51M), Japan ($2.21M), and United States ($1.89M).

In 2022, Philippines imported $61.8M in Milling Stones, mainly from China ($26.2M), Japan ($15.3M), Thailand ($9.23M), Singapore ($3.37M), and United States ($2.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milling Stones EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$1.75M (385%)
United States$833k (78.6%)
Colombia$784k (3.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Milling Stones BY Philippines WERE (2021 - 2022):
Peru-$3.98M (-58.1%)
India-$1.98M (-11.2%)
Malaysia-$1.02M (-28.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Milling Stones were:
In 2022, Philippines's main importing competitors in Milling Stones were:

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Trade Value of Milling Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $1.95M
TOP IMPORT POTENTIALChina+ $3.96M

Milling Stones’s highest export potential is India. With an export gap of $1.95M.   Milling Stones’s highest import potential is China with an import gap of $3.96M.

See methodology.

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