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2022
Exports $26.3MWorld Rnk 32 / 192
Flag Rnk 230 / 1127
2022
Destination $657k United States
2021 - 2022
FASTEST GROWING MARKET $657kCanada
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $142MWorld Rnk 10 / 223
Flag Rnk 205 / 1201
2022
Origin $17.9M China
2021 - 2022
FASTEST GROWING ORIGIN $17.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $26.3M in Packing Bags, making it the 32nd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 230th most exported product in Philippines. The main destination of Packing Bags exports from Philippines are: United States ($10.7M), Netherlands ($7.2M), Canada ($1.8M), New Zealand ($1.68M), and Japan ($988k).

The fastest growing export markets for Packing Bags of Philippines between 2021 and 2022 were Canada ($657k), Netherlands ($273k), and Ethiopia ($263k).

Imports In 2022, Philippines imported $142M in Packing Bags, becoming the 10th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 205th most imported product in Philippines. Philippines imports Packing Bags primarily from: China ($111M), Vietnam ($26M), Indonesia ($1.75M), Thailand ($817k), and India ($671k).

The fastest growing import markets in Packing Bags for Philippines between 2021 and 2022 were China ($17.9M), Vietnam ($2.63M), and Indonesia ($823k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Packing Bags exports accounted up to $1.01M and imports accounted up to $2.32M, resulting in a negative trade balance of $1.32M. Between June 2023 and June 2024 the exports of Philippines'   Packing Bags have decreased by $-1.82M (-64.4%) from $2.83M to $1.01M, while imports decreased by $-2.93M (-55.8%) from $5.26M to $2.32M.

Destinations In June 2024, Packing Bags were exported mostly to United States ($317k), Netherlands ($299k), Italy ($135k), Australia ($118k), and New Zealand ($44.5k), and were imported mostly from Vietnam ($2.01M), Thailand ($127k), India ($123k), Hong Kong ($37.5k), and Singapore ($16.8k).

Growth In June 2024, the decrease in Packing Bags's year-by-year exports was explained primarily by a decrease in exports to United States ($-890k or -76.5%), New Zealand ($-268k or -61.6%), and Netherlands ($-206k or -32%). In June 2024, the decrease in Packing Bags's year-by-year imports was explained primarily by a decrease in imports from China ($-1.41M or -49.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.82M(-64.4%)
IMPORT GROWTH (June 2023 - June 2024)$-2.93M(-55.8%)
MAIN DESTINATION (June 2024)United States$317k

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.3M
IMPORTS (2022)$142M
NET TRADE (2022)-$116M

In 2022, Philippines exported $26.3M in Packing Bags. The main destinations of Philippines exports on Packing Bags were United States ($10.7M), Netherlands ($7.2M), Canada ($1.8M), New Zealand ($1.68M), and Japan ($988k).

In 2022, Philippines imported $142M in Packing Bags, mainly from China ($111M), Vietnam ($26M), Indonesia ($1.75M), Thailand ($817k), and India ($671k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$657k (57.4%)
Netherlands$273k (3.95%)
Ethiopia$263k (411k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Philippines WERE (2021 - 2022):
United States-$1.43M (-11.8%)
United Kingdom-$785k (-47.8%)
New Zealand-$468k (-21.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
Vietnam $639M
In 2022, Philippines's main importing competitors in Packing Bags were:
United States $894M
Japan $472M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.28M
TOP IMPORT POTENTIALVietnam+ $3.04M

Packing Bags’s highest export potential is United States. With an export gap of $2.28M.   Packing Bags’s highest import potential is Vietnam with an import gap of $3.04M.

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