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2022
Exports $15.7MWorld Rnk 45 / 203
Flag Rnk 292 / 1127
2022
Destination $314k Japan
2021 - 2022
FASTEST GROWING MARKET $314kSingapore
2022
PRODUCT COMPLEXITY IN Other Wood Articles-0.26Rnk 632 / 1025
2022
Imports $34.2MWorld Rnk 39 / 225
Flag Rnk 465 / 1201
2022
Origin $12.1M China
2021 - 2022
FASTEST GROWING ORIGIN $12.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $15.7M in Other Wood Articles, making it the 45th largest exporter of Other Wood Articles in the world. At the same year, Other Wood Articles was the 292nd most exported product in Philippines. The main destination of Other Wood Articles exports from Philippines are: Japan ($7.83M), United States ($5.91M), Singapore ($434k), Australia ($201k), and United Kingdom ($166k).

The fastest growing export markets for Other Wood Articles of Philippines between 2021 and 2022 were Singapore ($314k), United Kingdom ($151k), and Australia ($129k).

Imports In 2022, Philippines imported $34.2M in Other Wood Articles, becoming the 39th largest importer of Other Wood Articles in the world. At the same year, Other Wood Articles was the 465th most imported product in Philippines. Philippines imports Other Wood Articles primarily from: China ($30.3M), Vietnam ($1.39M), Chinese Taipei ($362k), Denmark ($262k), and Japan ($238k).

The fastest growing import markets in Other Wood Articles for Philippines between 2021 and 2022 were China ($12.1M), Denmark ($262k), and Germany ($204k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Wood Articles exports accounted up to $349k and imports accounted up to $81.6k, resulting in a positive trade balance of $268k. Between June 2023 and June 2024 the exports of Philippines'   Other Wood Articles have increased by $168k (93.1%) from $181k to $349k, while imports decreased by $-1.38M (-94.4%) from $1.46M to $81.6k.

Destinations In June 2024, Other Wood Articles were exported mostly to United Kingdom ($107k), Netherlands ($93.8k), Sweden ($52.1k), United States ($40.7k), and Finland ($12.8k), and were imported mostly from Germany ($20.2k), Japan ($18.6k), Thailand ($8.07k), United States ($6.03k), and Netherlands ($5.46k).

Growth In June 2024, the increase in Other Wood Articles's year-by-year exports was explained primarily by an increase in exports to South Korea ($13.5k or 1.53k%), Japan ($4.14k or 199%), and United States ($3.74k or 243%). In June 2024, the decrease in Other Wood Articles's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-443k or -58%), Malaysia ($-68.6k or -99.9%), and Poland ($-14.2k or -90.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$168k(93.1%)
IMPORT GROWTH (June 2023 - June 2024)$-1.38M(-94.4%)
MAIN DESTINATION (June 2024)United Kingdom$107k

This section shows Other Wood Articles'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 Wood Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.7M
IMPORTS (2022)$34.2M
NET TRADE (2022)-$18.5M

In 2022, Philippines exported $15.7M in Other Wood Articles. The main destinations of Philippines exports on Other Wood Articles were Japan ($7.83M), United States ($5.91M), Singapore ($434k), Australia ($201k), and United Kingdom ($166k).

In 2022, Philippines imported $34.2M in Other Wood Articles, mainly from China ($30.3M), Vietnam ($1.39M), Chinese Taipei ($362k), Denmark ($262k), and Japan ($238k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Wood Articles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$314k (260%)
United Kingdom$151k (1k%)
Australia$129k (180%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Wood Articles BY Philippines WERE (2021 - 2022):
Japan-$1.01M (-11.5%)
United States-$418k (-6.6%)
Austria-$212k (-65.2%)
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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 Wood Articles were:
China $4.03B
Poland $739M
Germany $574M
In 2022, Philippines's main importing competitors in Other Wood Articles were:
United States $2.11B
Germany $934M
France $547M

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Trade Value of Other Wood Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.54M
TOP IMPORT POTENTIALChina+ $5.76M

Other Wood Articles’s highest export potential is United States. With an export gap of $3.54M.   Other Wood Articles’s highest import potential is China with an import gap of $5.76M.

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