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2022
Exports $2.37MWorld Rnk 38 / 108
Flag Rnk 503 / 1127
2022
Destination $2.23M Singapore
2021 - 2022
FASTEST GROWING MARKET $2.23MSingapore
2022
PRODUCT COMPLEXITY IN Glass Working Machines1.35Rnk 82 / 1025
2022
Imports $6.39MWorld Rnk 55 / 182
Flag Rnk 795 / 1201
2022
Origin $1.06M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.06MGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.37M in Glass Working Machines, making it the 38th largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 503rd most exported product in Philippines. The main destination of Glass Working Machines exports from Philippines are: Singapore ($2.23M), Hong Kong ($35.2k), China ($27.9k), United States ($24.5k), and South Korea ($23.7k).

The fastest growing export markets for Glass Working Machines of Philippines between 2021 and 2022 were Singapore ($2.23M), Hong Kong ($35k), and China ($27.7k).

Imports In 2022, Philippines imported $6.39M in Glass Working Machines, becoming the 55th largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 795th most imported product in Philippines. Philippines imports Glass Working Machines primarily from: Germany ($1.55M), China ($1.16M), Japan ($1.11M), Italy ($689k), and United States ($451k).

The fastest growing import markets in Glass Working Machines for Philippines between 2021 and 2022 were Germany ($1.06M), Japan ($600k), and Italy ($582k).

Latest Trends

November 2022

About

Overview In November 2022 Philippines' Glass Working Machines exports accounted up to $7.2k and imports accounted up to $52.5k, resulting in a negative trade balance of $45.3k. Between April 2019 and November 2022 the exports of Philippines'   Glass Working Machines have decreased by $-11.9k (-62.3%) from $19.1k to $7.2k, while imports decreased by $-1.16M (-95.7%) from $1.21M to $52.5k.

Destinations In November 2022, Glass Working Machines were exported mostly to , and were imported mostly from Japan ($24k), Sweden ($22.1k), Italy ($4.53k), South Korea ($1.85k), and United States ($29).

Growth In November 2022, the decrease in Glass Working Machines's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Glass Working Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-198k or -91.8%), China ($-100k or -97%), and United Kingdom ($-12.7k or -93.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2019 - November 2022)$-11.9k(-62.3%)
IMPORT GROWTH (June 2023 - June 2024)$-1.16M(-95.7%)
MAIN DESTINATION (November 2022)

This section shows Glass Working 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 Glass Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.37M
IMPORTS (2022)$6.39M
NET TRADE (2022)-$4.02M

In 2022, Philippines exported $2.37M in Glass Working Machines. The main destinations of Philippines exports on Glass Working Machines were Singapore ($2.23M), Hong Kong ($35.2k), China ($27.9k), United States ($24.5k), and South Korea ($23.7k).

In 2022, Philippines imported $6.39M in Glass Working Machines, mainly from Germany ($1.55M), China ($1.16M), Japan ($1.11M), Italy ($689k), and United States ($451k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$2.23M (1.69M%)
Hong Kong$35k (23.4k%)
China$27.7k (18.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Philippines WERE (2021 - 2022):
Belgium-$14.7k (-100%)
Netherlands-$9.1k (-100%)
Italy-$4.31k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Glass Working Machines were:
Singapore $1.21B
Germany $879M
Japan $691M
In 2022, Philippines's main importing competitors in Glass Working Machines were:
United States $788M
Belgium $687M
Chinese Taipei $567M

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $120k
TOP IMPORT POTENTIALChina+ $602k

Glass Working Machines’s highest export potential is China. With an export gap of $120k.   Glass Working Machines’s highest import potential is China with an import gap of $602k.

See methodology.

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