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2022
Exports $240kWorld Rnk 75 / 153
Flag Rnk 759 / 1127
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseUnited States
2022
PRODUCT COMPLEXITY IN Mill Machinery0.2Rnk 485 / 1025
2022
Imports $27.1MWorld Rnk 26 / 202
Flag Rnk 519 / 1201
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $240k in Mill Machinery, making it the 75th largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 759th most exported product in Philippines. The main destination of Mill Machinery exports from Philippines are: United States ($71.1k), Japan ($41.6k), Thailand ($41.3k), Indonesia ($29.5k), and Pakistan ($23.9k).

The fastest growing export markets for Mill Machinery of Philippines between 2021 and 2022 were United States ($71.1k), Japan ($39.2k), and Pakistan ($23.9k).

Imports In 2022, Philippines imported $27.1M in Mill Machinery, becoming the 26th largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 519th most imported product in Philippines. Philippines imports Mill Machinery primarily from: China ($11.7M), Italy ($4.89M), Turkey ($1.92M), Denmark ($1.69M), and Vietnam ($1.09M).

Latest Trends

February 2024

About

Overview In February 2024 Philippines' Mill Machinery exports accounted up to $10.8k and imports accounted up to $1.47M, resulting in a negative trade balance of $1.46M. Between February 2021 and February 2024 the exports of Philippines'   Mill Machinery have decreased by $-81.6k (-88.3%) from $92.3k to $10.8k, while imports decreased by $-2.69M (-64.7%) from $4.16M to $1.47M.

Destinations In February 2024, Mill Machinery were exported mostly to , and were imported mostly from South Korea ($423k), Thailand ($329k), United States ($242k), Italy ($167k), and Vietnam ($157k).

Growth In February 2024, the decrease in Mill Machinery's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Mill Machinery's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-582k or -95.3%), Vietnam ($-220k or -91.4%), and Netherlands ($-22.9k or -99.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2021 - February 2024)$-81.6k(-88.3%)
IMPORT GROWTH (June 2023 - June 2024)$-2.69M(-64.7%)
MAIN DESTINATION (February 2024)

This section shows Mill Machinery'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 Mill Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$240k
IMPORTS (2022)$27.1M
NET TRADE (2022)-$26.9M

In 2022, Philippines exported $240k in Mill Machinery. The main destinations of Philippines exports on Mill Machinery were United States ($71.1k), Japan ($41.6k), Thailand ($41.3k), Indonesia ($29.5k), and Pakistan ($23.9k).

In 2022, Philippines imported $27.1M in Mill Machinery, mainly from China ($11.7M), Italy ($4.89M), Turkey ($1.92M), Denmark ($1.69M), and Vietnam ($1.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$71.1k (1%)
Japan$39.2k (1.62k%)
Pakistan$23.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Philippines WERE (2021 - 2022):
Indonesia-$81.1k (-73.3%)
Vietnam-$31k (-100%)
Canada-$485 (-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 Mill Machinery were:
China $609M
Turkey $304M
Italy $195M
In 2022, Philippines's main importing competitors in Mill Machinery were:
India $191M
United States $148M
Nigeria $85.8M

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $23.5k
TOP IMPORT POTENTIALChina+ $1.2M

Mill Machinery’s highest export potential is Indonesia. With an export gap of $23.5k.   Mill Machinery’s highest import potential is China with an import gap of $1.2M.

See methodology.

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