2022
Exports
$1.63MWorld Rnk 20 / 111
Flag Rnk 552 / 1127
2022
PRODUCT COMPLEXITY IN Watch Movements
1.76Rnk 17 / 1025
2022
Imports
$9.04MWorld Rnk 15 / 168
Flag Rnk 736 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.63M in Watch Movements, making it the 20th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 552nd most exported product in Philippines. The main destination of Watch Movements exports from Philippines are: Switzerland ($622k), Hong Kong ($537k), Singapore ($215k), Brazil ($189k), and Netherlands ($51.7k).

The fastest growing export markets for Watch Movements of Philippines between 2021 and 2022 were Hong Kong ($365k), Singapore ($215k), and Brazil ($116k).

Imports In 2022, Philippines imported $9.04M in Watch Movements, becoming the 15th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 736th most imported product in Philippines. Philippines imports Watch Movements primarily from: Hong Kong ($7.54M), Switzerland ($1.05M), China ($240k), Japan ($125k), and United States ($74.1k).

The fastest growing import markets in Watch Movements for Philippines between 2021 and 2022 were Hong Kong ($1.04M), Switzerland ($556k), and United States ($58.2k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Watch Movements. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.63M
IMPORTS (2022)$9.04M
NET TRADE (2022)-$7.41M

In 2022, Philippines exported $1.63M in Watch Movements. The main destinations of Philippines exports on Watch Movements were Switzerland ($622k), Hong Kong ($537k), Singapore ($215k), Brazil ($189k), and Netherlands ($51.7k).

In 2022, Philippines imported $9.04M in Watch Movements, mainly from Hong Kong ($7.54M), Switzerland ($1.05M), China ($240k), Japan ($125k), and United States ($74.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$365k (211%)
Singapore$215k (1%)
Brazil$116k (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Philippines WERE (2021 - 2022):
Switzerland-$525k (-45.8%)
India-$72.6k (-96.3%)
Netherlands-$47.5k (-47.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Watch Movements were:
In 2022, Philippines's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $93k
TOP IMPORT POTENTIALJapan+ $224k

Watch Movements’s highest export potential is Hong Kong. With an export gap of $93k.   Watch Movements’s highest import potential is Japan with an import gap of $224k.

See methodology.

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