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2022
Exports $3.55MWorld Rnk 43 / 142
Flag Rnk 445 / 1127
2022
Destination $1.05M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.05MVietnam
2022
PRODUCT COMPLEXITY IN Non-Mechanical Removal Machinery1.73Rnk 18 / 1025
2022
Imports $53.6MWorld Rnk 30 / 204
Flag Rnk 371 / 1201
2022
Origin $3.34M Japan
2021 - 2022
FASTEST GROWING ORIGIN $3.34MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.55M in Non-Mechanical Removal Machinery, making it the 43rd largest exporter of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 445th most exported product in Philippines. The main destination of Non-Mechanical Removal Machinery exports from Philippines are: Vietnam ($1.17M), Japan ($986k), United States ($944k), China ($203k), and Singapore ($159k).

The fastest growing export markets for Non-Mechanical Removal Machinery of Philippines between 2021 and 2022 were Vietnam ($1.05M), Japan ($651k), and United States ($371k).

Imports In 2022, Philippines imported $53.6M in Non-Mechanical Removal Machinery, becoming the 30th largest importer of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 371st most imported product in Philippines. Philippines imports Non-Mechanical Removal Machinery primarily from: Japan ($23.5M), Singapore ($8.96M), China ($8.47M), South Korea ($5.02M), and Germany ($2.37M).

The fastest growing import markets in Non-Mechanical Removal Machinery for Philippines between 2021 and 2022 were Singapore ($3.34M), China ($2.49M), and Japan ($2.01M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Non-Mechanical Removal Machinery exports accounted up to $14.4k and imports accounted up to $3.05M, resulting in a negative trade balance of $3.04M. Between June 2023 and June 2024 the exports of Philippines'   Non-Mechanical Removal Machinery have decreased by $-243k (-94.4%) from $257k to $14.4k, while imports decreased by $-2.51M (-45.1%) from $5.56M to $3.05M.

Destinations In June 2024, Non-Mechanical Removal Machinery were exported mostly to Japan ($14.4k), and were imported mostly from South Korea ($1.16M), Japan ($679k), Singapore ($525k), United States ($291k), and Thailand ($179k).

Growth In June 2024, the decrease in Non-Mechanical Removal Machinery's year-by-year exports was explained primarily by a decrease in exports to Japan ($-672k or -94.8%). In June 2024, the decrease in Non-Mechanical Removal Machinery's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-1.24M or -97.4%), China ($-44.7k or -8.06%), and Chinese Taipei ($-39.9k or -34.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-243k(-94.4%)
IMPORT GROWTH (June 2023 - June 2024)$-2.51M(-45.1%)
MAIN DESTINATION (June 2024)Japan$14.4k

This section shows Non-Mechanical Removal Machinery'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 Non-Mechanical Removal Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.55M
IMPORTS (2022)$53.6M
NET TRADE (2022)-$50.1M

In 2022, Philippines exported $3.55M in Non-Mechanical Removal Machinery. The main destinations of Philippines exports on Non-Mechanical Removal Machinery were Vietnam ($1.17M), Japan ($986k), United States ($944k), China ($203k), and Singapore ($159k).

In 2022, Philippines imported $53.6M in Non-Mechanical Removal Machinery, mainly from Japan ($23.5M), Singapore ($8.96M), China ($8.47M), South Korea ($5.02M), and Germany ($2.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Mechanical Removal Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$1.05M (869%)
Japan$651k (194%)
United States$371k (64.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Mechanical Removal Machinery BY Philippines WERE (2021 - 2022):
Netherlands-$525k (-100%)
Thailand-$187k (-98.9%)
South Korea-$118k (-94%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Non-Mechanical Removal Machinery were:
China $1.83B
Japan $1.31B
Germany $1.19B
In 2022, Philippines's main importing competitors in Non-Mechanical Removal Machinery were:
United States $987M
China $830M
Germany $390M

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Trade Value of Non-Mechanical Removal Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $842k
TOP IMPORT POTENTIALChina+ $5.94M

Non-Mechanical Removal Machinery’s highest export potential is United States. With an export gap of $842k.   Non-Mechanical Removal Machinery’s highest import potential is China with an import gap of $5.94M.

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