Ink in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $240M in Ink, making it the 16th largest exporter of Ink in the world. At the same year, Ink was the 51st most exported product in Philippines. The main destination of Ink exports from Philippines are: United Kingdom ($28.7M), Germany ($28.5M), France ($24.1M), United States ($18.7M), and Thailand ($18.1M).

The fastest growing export markets for Ink of Philippines between 2021 and 2022 were United Kingdom ($24M), Germany ($20.2M), and Australia ($1.38M).

Imports In 2022, Philippines imported $107M in Ink, becoming the 29th largest importer of Ink in the world. At the same year, Ink was the 251st most imported product in Philippines. Philippines imports Ink primarily from: Japan ($34.9M), Singapore ($21.7M), China ($18.8M), Indonesia ($7.19M), and South Korea ($4.55M).

The fastest growing import markets in Ink for Philippines between 2021 and 2022 were Japan ($10.4M), China ($4.67M), and United Arab Emirates ($980k).

COMPANIES In 2023, leading companies such as Brother Industries (7) were at the forefront of shipping Ink from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Ink exports accounted up to $7M and imports accounted up to $5.39M, resulting in a positive trade balance of $1.61M. Between June 2023 and June 2024 the exports of Philippines' Ink have decreased by $-1.38M (-16.5%) from $8.38M to $7M, while imports decreased by $-3.87M (-41.8%) from $9.26M to $5.39M.

Destinations In June 2024, Ink were exported mostly to Thailand ($1.17M), Japan ($1.17M), United States ($1.09M), Mexico ($565k), and India ($555k), and were imported mostly from Japan ($2.99M), Singapore ($769k), Thailand ($596k), South Korea ($225k), and France ($182k).

Growth In June 2024, the decrease in Ink's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.04M or -57%), India ($-576k or -48%), and Thailand ($-332k or -28.7%). In June 2024, the decrease in Ink's year-by-year imports was explained primarily by a decrease in imports from Japan ($-617k or -16.2%), Switzerland ($-337k or -97%), and United States ($-227k or -56.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-1.38M(-16.5%)

IMPORT GROWTH (June 2023 - June 2024)$-3.87M(-41.8%)

MAIN DESTINATION (June 2024)Thailand$1.17M

This section shows Ink'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 Ink over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$240M

IMPORTS (2022)$107M

NET TRADE (2022)$133M

In 2022, Philippines exported $240M in Ink. The main destinations of Philippines exports on Ink were United Kingdom ($28.7M), Germany ($28.5M), France ($24.1M), United States ($18.7M), and Thailand ($18.1M).

In 2022, Philippines imported $107M in Ink, mainly from Japan ($34.9M), Singapore ($21.7M), China ($18.8M), Indonesia ($7.19M), and South Korea ($4.55M).

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