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2022
Exports $1.34MWorld Rnk 50 / 165
Flag Rnk 574 / 1127
2022
Destination $267k United States
2021 - 2022
FASTEST GROWING MARKET $267kUnited States
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $13.1MWorld Rnk 35 / 206
Flag Rnk 673 / 1201
2022
Origin $1.31M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.31MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.34M in Tensile Testing Machines, making it the 50th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 574th most exported product in Philippines. The main destination of Tensile Testing Machines exports from Philippines are: United States ($375k), Indonesia ($283k), Malaysia ($140k), Japan ($116k), and Romania ($51.4k).

The fastest growing export markets for Tensile Testing Machines of Philippines between 2021 and 2022 were United States ($267k), Indonesia ($107k), and Romania ($51.4k).

Imports In 2022, Philippines imported $13.1M in Tensile Testing Machines, becoming the 35th largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 673rd most imported product in Philippines. Philippines imports Tensile Testing Machines primarily from: United States ($2.5M), South Korea ($1.9M), China ($1.84M), Italy ($1.32M), and Japan ($1.31M).

The fastest growing import markets in Tensile Testing Machines for Philippines between 2021 and 2022 were United States ($1.31M), South Korea ($745k), and Singapore ($515k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Tensile Testing Machines exports accounted up to $43.7k and imports accounted up to $1.06M, resulting in a negative trade balance of $1.01M. Between June 2023 and June 2024 the exports of Philippines'   Tensile Testing Machines have increased by $12.3k (39.3%) from $31.4k to $43.7k, while imports increased by $281k (36.2%) from $776k to $1.06M.

Destinations In June 2024, Tensile Testing Machines were exported mostly to Germany ($28.3k), United States ($6.7k), Netherlands ($3.65k), Malaysia ($2.62k), and France ($1.37k), and were imported mostly from Singapore ($763k), United Kingdom ($69.4k), Germany ($60.2k), Japan ($47.1k), and South Korea ($28.3k).

Growth In June 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to South Korea ($9.3k or 172%), Singapore ($7.25k or 414%), and Malaysia ($2.41k or 98.6%). In June 2024, the increase in Tensile Testing Machines's year-by-year imports was explained primarily by an increase in imports from United States ($58.9k or 72.8%), Japan ($44.9k or 105%), and Switzerland ($9.44k or 294%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$12.3k(39.3%)
IMPORT GROWTH (June 2023 - June 2024)$281k(36.2%)
MAIN DESTINATION (June 2024)Germany$28.3k

This section shows Tensile Testing Machines'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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.34M
IMPORTS (2022)$13.1M
NET TRADE (2022)-$11.8M

In 2022, Philippines exported $1.34M in Tensile Testing Machines. The main destinations of Philippines exports on Tensile Testing Machines were United States ($375k), Indonesia ($283k), Malaysia ($140k), Japan ($116k), and Romania ($51.4k).

In 2022, Philippines imported $13.1M in Tensile Testing Machines, mainly from United States ($2.5M), South Korea ($1.9M), China ($1.84M), Italy ($1.32M), and Japan ($1.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$267k (246%)
Indonesia$107k (61.1%)
Romania$51.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY Philippines WERE (2021 - 2022):
South Korea-$516k (-92.1%)
Vietnam-$42.3k (-64.3%)
Malaysia-$41.4k (-22.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Tensile Testing Machines were:
United States $633M
Germany $397M
United Kingdom $230M
In 2022, Philippines's main importing competitors in Tensile Testing Machines were:
China $408M
United States $239M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $63.3k
TOP IMPORT POTENTIALChina+ $750k

Tensile Testing Machines’s highest export potential is South Korea. With an export gap of $63.3k.   Tensile Testing Machines’s highest import potential is China with an import gap of $750k.

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