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2022
Exports $36.9MWorld Rnk 22 / 177
Flag Rnk 199 / 1127
2022
Destination $1.75M India
2021 - 2022
FASTEST GROWING MARKET $1.75MJapan
2022
PRODUCT COMPLEXITY IN Milling Stones1.24Rnk 102 / 1025
2022
Imports $61.8MWorld Rnk 27 / 220
Flag Rnk 350 / 1201
2022
Origin $2.84M China
2021 - 2022
FASTEST GROWING ORIGIN $2.84MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $36.9M in Milling Stones, making it the 22nd largest exporter of Milling Stones in the world. At the same year, Milling Stones was the 199th most exported product in Philippines. The main destination of Milling Stones exports from Philippines are: India ($15.8M), Peru ($2.87M), Malaysia ($2.51M), Japan ($2.21M), and United States ($1.89M).

The fastest growing export markets for Milling Stones of Philippines between 2021 and 2022 were Japan ($1.75M), United States ($833k), and Colombia ($784k).

Imports In 2022, Philippines imported $61.8M in Milling Stones, becoming the 27th largest importer of Milling Stones in the world. At the same year, Milling Stones was the 350th most imported product in Philippines. Philippines imports Milling Stones primarily from: China ($26.2M), Japan ($15.3M), Thailand ($9.23M), Singapore ($3.37M), and United States ($2.61M).

The fastest growing import markets in Milling Stones for Philippines between 2021 and 2022 were Thailand ($2.84M), Japan ($1.62M), and Italy ($195k).

COMPANIES In 2023, leading companies such as Schaeffler Group (1) were at the forefront of shipping Milling Stones from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Milling Stones exports accounted up to $1.38M and imports accounted up to $1.41M, resulting in a negative trade balance of $32.4k. Between June 2023 and June 2024 the exports of Philippines'   Milling Stones have decreased by $-331k (-19.4%) from $1.71M to $1.38M, while imports decreased by $-511k (-26.6%) from $1.92M to $1.41M.

Destinations In June 2024, Milling Stones were exported mostly to India ($707k), Malaysia ($169k), United Arab Emirates ($150k), Peru ($83.1k), and Germany ($48k), and were imported mostly from Japan ($413k), Thailand ($403k), Germany ($231k), United States ($131k), and Singapore ($90k).

Growth In June 2024, the decrease in Milling Stones's year-by-year exports was explained primarily by a decrease in exports to Peru ($-274k or -88.8%), Japan ($-207k or -100%), and Malaysia ($-178k or -44.5%). In June 2024, the decrease in Milling Stones's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-594k or -90.1%), Singapore ($-372k or -92.5%), and Chinese Taipei ($-348k or -73.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-331k(-19.4%)
IMPORT GROWTH (June 2023 - June 2024)$-511k(-26.6%)
MAIN DESTINATION (June 2024)India$707k

This section shows Milling Stones'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 Milling Stones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.9M
IMPORTS (2022)$61.8M
NET TRADE (2022)-$24.9M

In 2022, Philippines exported $36.9M in Milling Stones. The main destinations of Philippines exports on Milling Stones were India ($15.8M), Peru ($2.87M), Malaysia ($2.51M), Japan ($2.21M), and United States ($1.89M).

In 2022, Philippines imported $61.8M in Milling Stones, mainly from China ($26.2M), Japan ($15.3M), Thailand ($9.23M), Singapore ($3.37M), and United States ($2.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milling Stones EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$1.75M (385%)
United States$833k (78.6%)
Colombia$784k (3.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Milling Stones BY Philippines WERE (2021 - 2022):
Peru-$3.98M (-58.1%)
India-$1.98M (-11.2%)
Malaysia-$1.02M (-28.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Milling Stones were:
China $1.5B
Germany $658M
Japan $465M
In 2022, Philippines's main importing competitors in Milling Stones were:
United States $534M
Germany $466M
China $351M

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Trade Value of Milling Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.95M
TOP IMPORT POTENTIALChina+ $3.96M

Milling Stones’s highest export potential is India. With an export gap of $1.95M.   Milling Stones’s highest import potential is China with an import gap of $3.96M.

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