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2022
Exports $111kWorld Rnk 87 / 165
Flag Rnk 823 / 1127
2022
Destination $16.4k Singapore
2021 - 2022
FASTEST GROWING MARKET $16.4kSingapore
2022
PRODUCT COMPLEXITY IN Polishes and Creams0.11Rnk 520 / 1025
2022
Imports $9.55MWorld Rnk 49 / 221
Flag Rnk 725 / 1201
2022
Origin $1.13M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.13MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $111k in Polishes and Creams, making it the 87th largest exporter of Polishes and Creams in the world. At the same year, Polishes and Creams was the 823rd most exported product in Philippines. The main destination of Polishes and Creams exports from Philippines are: Singapore ($41.7k), Indonesia ($21k), Malaysia ($13.7k), Thailand ($10.3k), and Vietnam ($10.2k).

The fastest growing export markets for Polishes and Creams of Philippines between 2021 and 2022 were Singapore ($16.4k), Vietnam ($10.2k), and Thailand ($4.56k).

Imports In 2022, Philippines imported $9.55M in Polishes and Creams, becoming the 49th largest importer of Polishes and Creams in the world. At the same year, Polishes and Creams was the 725th most imported product in Philippines. Philippines imports Polishes and Creams primarily from: United States ($2.99M), China ($1.99M), Japan ($844k), Thailand ($573k), and Indonesia ($526k).

The fastest growing import markets in Polishes and Creams for Philippines between 2021 and 2022 were United States ($1.13M), Indonesia ($351k), and Thailand ($245k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Polishes and Creams exports accounted up to $1.65k and imports accounted up to $501k, resulting in a negative trade balance of $500k. Between August 2022 and June 2024 the exports of Philippines'   Polishes and Creams have decreased by $-9.68k (-85.5%) from $11.3k to $1.65k, while imports decreased by $-71k (-12.4%) from $573k to $501k.

Destinations In June 2024, Polishes and Creams were exported mostly to Malaysia ($1.65k), and were imported mostly from United States ($184k), Japan ($71.6k), United Kingdom ($61.5k), Thailand ($49.8k), and Germany ($29.9k).

Growth In June 2024, the decrease in Polishes and Creams's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Polishes and Creams's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-26.7k or -98.4%), South Korea ($-19.4k or -44.7%), and Hong Kong ($-455 or -15.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - June 2024)$-9.68k(-85.5%)
IMPORT GROWTH (June 2023 - June 2024)$-71k(-12.4%)
MAIN DESTINATION (June 2024)Malaysia$1.65k

This section shows Polishes and Creams'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 Polishes and Creams over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$111k
IMPORTS (2022)$9.55M
NET TRADE (2022)-$9.44M

In 2022, Philippines exported $111k in Polishes and Creams. The main destinations of Philippines exports on Polishes and Creams were Singapore ($41.7k), Indonesia ($21k), Malaysia ($13.7k), Thailand ($10.3k), and Vietnam ($10.2k).

In 2022, Philippines imported $9.55M in Polishes and Creams, mainly from United States ($2.99M), China ($1.99M), Japan ($844k), Thailand ($573k), and Indonesia ($526k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Polishes and Creams EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$16.4k (64.7%)
Vietnam$10.2k (1%)
Thailand$4.56k (78.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Polishes and Creams BY Philippines WERE (2021 - 2022):
Brunei-$82.1k (-100%)
Malaysia-$28.6k (-67.6%)
Australia-$3.76k (-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 Polishes and Creams were:
United States $544M
Japan $461M
Germany $236M
In 2022, Philippines's main importing competitors in Polishes and Creams were:
China $346M
Chinese Taipei $244M
South Korea $192M

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Trade Value of Polishes and Creams by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $22.8k
TOP IMPORT POTENTIALChina+ $672k

Polishes and Creams’s highest export potential is Singapore. With an export gap of $22.8k.   Polishes and Creams’s highest import potential is China with an import gap of $672k.

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