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2022
Exports $325kWorld Rnk 94 / 195
Flag Rnk 721 / 1127
2022
Destination $39.1k Northern Mariana Islands
2021 - 2022
FASTEST GROWING MARKET $39.1kNorthern Mariana Islands
2022
PRODUCT COMPLEXITY IN Water-0.099Rnk 581 / 1025
2022
Imports $11MWorld Rnk 48 / 222
Flag Rnk 695 / 1201
2022
Origin $1.51M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $1.51MFrance
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $325k in Water, making it the 94th largest exporter of Water in the world. At the same year, Water was the 721st most exported product in Philippines. The main destination of Water exports from Philippines are: Northern Mariana Islands ($83.1k), Palau ($50.9k), Micronesia ($35k), Marshall Islands ($32.8k), and United States ($30.3k).

The fastest growing export markets for Water of Philippines between 2021 and 2022 were Northern Mariana Islands ($39.1k), Palau ($21.1k), and Micronesia ($14.8k).

Imports In 2022, Philippines imported $11M in Water, becoming the 48th largest importer of Water in the world. At the same year, Water was the 695th most imported product in Philippines. Philippines imports Water primarily from: Indonesia ($5.86M), France ($2.4M), United States ($775k), South Korea ($618k), and China ($343k).

The fastest growing import markets in Water for Philippines between 2021 and 2022 were France ($1.51M), South Korea ($279k), and Italy ($128k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Water exports accounted up to $44.7k and imports accounted up to $1.86M, resulting in a negative trade balance of $1.82M. Between August 2023 and August 2024 the exports of Philippines'   Water have increased by $28.3k (172%) from $16.4k to $44.7k, while imports decreased by $-381k (-17%) from $2.24M to $1.86M.

Destinations In August 2024, Water were exported mostly to Palau ($23.4k), Chinese Taipei ($8.74k), Micronesia ($6.58k), United States ($5.67k), and Marshall Islands ($369), and were imported mostly from Indonesia ($1.13M), United States ($344k), France ($183k), South Korea ($86.7k), and Italy ($28.6k).

Growth In August 2024, the increase in Water's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Water's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-257k or -41.5%) and United States ($-173k or -51.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$28.3k(172%)
IMPORT GROWTH (August 2023 - August 2024)$-381k(-17%)
MAIN DESTINATION (August 2024)Palau$23.4k

This section shows Water'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 Water over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$325k
IMPORTS (2022)$11M
NET TRADE (2022)-$10.7M

In 2022, Philippines exported $325k in Water. The main destinations of Philippines exports on Water were Northern Mariana Islands ($83.1k), Palau ($50.9k), Micronesia ($35k), Marshall Islands ($32.8k), and United States ($30.3k).

In 2022, Philippines imported $11M in Water, mainly from Indonesia ($5.86M), France ($2.4M), United States ($775k), South Korea ($618k), and China ($343k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Water EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Northern Mariana Islands$39.1k (88.7%)
Palau$21.1k (71.1%)
Micronesia$14.8k (73.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Water BY Philippines WERE (2021 - 2022):
Canada-$267k (-97.3%)
United States-$105k (-77.5%)
Brunei-$34.3k (-83%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Water were:
France $921M
China $718M
Italy $705M
In 2022, Philippines's main importing competitors in Water were:
United States $1.02B
Hong Kong $640M
Germany $253M

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Trade Value of Water by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $180k
TOP IMPORT POTENTIALChina+ $725k

Water’s highest export potential is United States. With an export gap of $180k.   Water’s highest import potential is China with an import gap of $725k.

See methodology.

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