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2022
Exports $3.4MWorld Rnk 56 / 218
Flag Rnk 450 / 1127
2022
Destination $203k Japan
2021 - 2022
FASTEST GROWING MARKET $203kUnited States
2022
PRODUCT COMPLEXITY IN Other Hand Tools1.51Rnk 50 / 1025
2022
Imports $84.9MWorld Rnk 30 / 224
Flag Rnk 296 / 1201
2022
Origin $11.4M China
2021 - 2022
FASTEST GROWING ORIGIN $11.4MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.4M in Other Hand Tools, making it the 56th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 450th most exported product in Philippines. The main destination of Other Hand Tools exports from Philippines are: Japan ($1.53M), United States ($470k), Singapore ($302k), United Kingdom ($183k), and Thailand ($140k).

The fastest growing export markets for Other Hand Tools of Philippines between 2021 and 2022 were United States ($203k), Singapore ($166k), and United Kingdom ($141k).

Imports In 2022, Philippines imported $84.9M in Other Hand Tools, becoming the 30th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 296th most imported product in Philippines. Philippines imports Other Hand Tools primarily from: China ($63.1M), Singapore ($5.45M), Japan ($3.1M), United States ($2.93M), and Chinese Taipei ($2.56M).

The fastest growing import markets in Other Hand Tools for Philippines between 2021 and 2022 were China ($11.4M), United States ($1.23M), and South Korea ($1.19M).

COMPANIES In 2023, leading companies such as JP Boden Services (2) were at the forefront of shipping Other Hand Tools from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Hand Tools exports accounted up to $226k and imports accounted up to $1.99M, resulting in a negative trade balance of $1.77M. Between June 2023 and June 2024 the exports of Philippines'   Other Hand Tools have decreased by $-6.81k (-2.93%) from $233k to $226k, while imports decreased by $-1.36M (-40.5%) from $3.35M to $1.99M.

Destinations In June 2024, Other Hand Tools were exported mostly to China ($169k), Malaysia ($19.6k), United Kingdom ($18.6k), Netherlands ($18.6k), and Papua New Guinea ($343), and were imported mostly from Japan ($757k), United States ($409k), Germany ($225k), South Korea ($163k), and Singapore ($127k).

Growth In June 2024, the decrease in Other Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Japan ($-36.5k or -32.2%) and Germany ($-6.98k or -99.4%). In June 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Japan ($-430k or -30.4%), Chinese Taipei ($-227k or -85%), and Switzerland ($-39.7k or -93.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-6.81k(-2.93%)
IMPORT GROWTH (June 2023 - June 2024)$-1.36M(-40.5%)
MAIN DESTINATION (June 2024)China$169k

This section shows Other Hand Tools'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 Other Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.4M
IMPORTS (2022)$84.9M
NET TRADE (2022)-$81.5M

In 2022, Philippines exported $3.4M in Other Hand Tools. The main destinations of Philippines exports on Other Hand Tools were Japan ($1.53M), United States ($470k), Singapore ($302k), United Kingdom ($183k), and Thailand ($140k).

In 2022, Philippines imported $84.9M in Other Hand Tools, mainly from China ($63.1M), Singapore ($5.45M), Japan ($3.1M), United States ($2.93M), and Chinese Taipei ($2.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$203k (75.8%)
Singapore$166k (122%)
United Kingdom$141k (340%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Philippines WERE (2021 - 2022):
Australia-$1.32M (-95.9%)
Japan-$96.5k (-5.92%)
Malaysia-$89.8k (-60.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Hand Tools were:
China $4.12B
Chinese Taipei $1.14B
Germany $798M
In 2022, Philippines's main importing competitors in Other Hand Tools were:
United States $1.86B
Germany $743M
France $392M

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $674k
TOP IMPORT POTENTIALChina+ $4.04M

Other Hand Tools’s highest export potential is United States. With an export gap of $674k.   Other Hand Tools’s highest import potential is China with an import gap of $4.04M.

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