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2022
Exports $1.83MWorld Rnk 42 / 174
Flag Rnk 539 / 1127
2022
Destination $3.04k United States
2021 - 2022
FASTEST GROWING MARKET $3.04kMicronesia
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $157MWorld Rnk 6 / 218
Flag Rnk 184 / 1201
2022
Origin $80.7M China
2021 - 2022
FASTEST GROWING ORIGIN $80.7MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.83M in Umbrellas, making it the 42nd largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 539th most exported product in Philippines. The main destination of Umbrellas exports from Philippines are: United States ($1.77M), Canada ($49.8k), Micronesia ($6.94k), France ($5.64k), and Australia ($3.34k).

The fastest growing export markets for Umbrellas of Philippines between 2021 and 2022 were Micronesia ($3.04k), Guam ($799), and Norway ($243).

Imports In 2022, Philippines imported $157M in Umbrellas, becoming the 6th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 184th most imported product in Philippines. Philippines imports Umbrellas primarily from: China ($157M), Hong Kong ($70.1k), Singapore ($59.2k), United Kingdom ($57.6k), and Japan ($56.9k).

The fastest growing import markets in Umbrellas for Philippines between 2021 and 2022 were China ($80.7M), United Kingdom ($45.2k), and United States ($22.2k).

COMPANIES In 2023, leading companies such as Cinmar (66) were at the forefront of shipping Umbrellas from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Umbrellas exports accounted up to $10.7k and imports accounted up to $2.85M, resulting in a negative trade balance of $2.84M. Between January 2023 and June 2024 the exports of Philippines'   Umbrellas have increased by $10.3k (2.61k%) from $394 to $10.7k, while imports decreased by $-41.5k (-1.43%) from $2.9M to $2.85M.

Destinations In June 2024, Umbrellas were exported mostly to , and were imported mostly from China ($2.8M), Japan ($27.2k), Thailand ($19.3k), South Korea ($3.85k), and Vietnam ($3.81k).

Growth In June 2024, the increase in Umbrellas's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Umbrellas's year-by-year imports was explained primarily by a decrease in imports from Japan ($-4.29k or -29.5%), United Kingdom ($-2.42k or -89.8%), and Netherlands ($-1.1k or -96.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - June 2024)$10.3k(2.61k%)
IMPORT GROWTH (August 2023 - August 2024)$-41.5k(-1.43%)
MAIN DESTINATION (June 2024)

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.83M
IMPORTS (2022)$157M
NET TRADE (2022)-$155M

In 2022, Philippines exported $1.83M in Umbrellas. The main destinations of Philippines exports on Umbrellas were United States ($1.77M), Canada ($49.8k), Micronesia ($6.94k), France ($5.64k), and Australia ($3.34k).

In 2022, Philippines imported $157M in Umbrellas, mainly from China ($157M), Hong Kong ($70.1k), Singapore ($59.2k), United Kingdom ($57.6k), and Japan ($56.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Micronesia$3.04k (78.1%)
Guam$799 (1%)
Norway$243 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Philippines WERE (2021 - 2022):
United States-$63.1k (-3.45%)
Canada-$37.8k (-43.2%)
Australia-$20k (-85.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Umbrellas were:
China $3.07B
Germany $83.4M
Netherlands $75.5M
In 2022, Philippines's main importing competitors in Umbrellas were:
United States $680M
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $500k
TOP IMPORT POTENTIALUnited Kingdom+ $106k

Umbrellas’s highest export potential is United States. With an export gap of $500k.   Umbrellas’s highest import potential is United Kingdom with an import gap of $106k.

See methodology.

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