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2022
Exports $2.34MWorld Rnk 47 / 144
Flag Rnk 505 / 1127
2022
Destination $416k Japan
2021 - 2022
FASTEST GROWING MARKET $416kJapan
2022
PRODUCT COMPLEXITY IN Waxes0.46Rnk 381 / 1025
2022
Imports $21.7MWorld Rnk 36 / 203
Flag Rnk 565 / 1201
2022
Origin $1.63M China
2021 - 2022
FASTEST GROWING ORIGIN $1.63MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.34M in Waxes, making it the 47th largest exporter of Waxes in the world. At the same year, Waxes was the 505th most exported product in Philippines. The main destination of Waxes exports from Philippines are: Japan ($812k), United States ($484k), Thailand ($394k), South Korea ($208k), and Turkey ($172k).

The fastest growing export markets for Waxes of Philippines between 2021 and 2022 were Japan ($416k), South Korea ($208k), and Turkey ($172k).

Imports In 2022, Philippines imported $21.7M in Waxes, becoming the 36th largest importer of Waxes in the world. At the same year, Waxes was the 565th most imported product in Philippines. Philippines imports Waxes primarily from: China ($4.84M), United States ($4.18M), Germany ($2.44M), Singapore ($2.19M), and South Korea ($2.08M).

The fastest growing import markets in Waxes for Philippines between 2021 and 2022 were United States ($1.63M), Germany ($1.59M), and South Korea ($1.11M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Waxes exports accounted up to $12.8k and imports accounted up to $838k, resulting in a negative trade balance of $825k. Between January 2022 and June 2024 the exports of Philippines'   Waxes have increased by $4.95k (63.2%) from $7.83k to $12.8k, while imports decreased by $-1M (-54.4%) from $1.84M to $838k.

Destinations In June 2024, Waxes were exported mostly to Germany ($12.8k), and were imported mostly from Italy ($283k), United States ($157k), Germany ($112k), Singapore ($111k), and Chinese Taipei ($70.9k).

Growth In June 2024, the increase in Waxes's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Waxes's year-by-year imports was explained primarily by a decrease in imports from India ($-401k or -82%), China ($-385k or -45.2%), and Japan ($-133k or -81%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2022 - June 2024)$4.95k(63.2%)
IMPORT GROWTH (June 2023 - June 2024)$-1M(-54.4%)
MAIN DESTINATION (June 2024)Germany$12.8k

This section shows Waxes'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 Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.34M
IMPORTS (2022)$21.7M
NET TRADE (2022)-$19.3M

In 2022, Philippines exported $2.34M in Waxes. The main destinations of Philippines exports on Waxes were Japan ($812k), United States ($484k), Thailand ($394k), South Korea ($208k), and Turkey ($172k).

In 2022, Philippines imported $21.7M in Waxes, mainly from China ($4.84M), United States ($4.18M), Germany ($2.44M), Singapore ($2.19M), and South Korea ($2.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$416k (105%)
South Korea$208k (1%)
Turkey$172k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Philippines WERE (2021 - 2022):
Indonesia-$30.6k (-100%)
India-$29.8k (-93.2%)
Slovakia-$1 (-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 Waxes were:
Germany $806M
United States $613M
China $485M
In 2022, Philippines's main importing competitors in Waxes were:
China $461M
United States $324M
Germany $251M

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $429k
TOP IMPORT POTENTIALChina+ $1.89M

Waxes’s highest export potential is United States. With an export gap of $429k.   Waxes’s highest import potential is China with an import gap of $1.89M.

See methodology.

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