2022
Exports
$27.3MWorld Rnk 12 / 194
Flag Rnk 225 / 1127
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$4.96MWorld Rnk 46 / 217
Flag Rnk 831 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $27.3M in Wood Ornaments, making it the 12th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 225th most exported product in Philippines. The main destination of Wood Ornaments exports from Philippines are: United States ($23.1M), Canada ($877k), Japan ($498k), France ($404k), and Germany ($395k).

The fastest growing export markets for Wood Ornaments of Philippines between 2021 and 2022 were United States ($14.6M), France ($297k), and Canada ($247k).

Imports In 2022, Philippines imported $4.96M in Wood Ornaments, becoming the 46th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 831st most imported product in Philippines. Philippines imports Wood Ornaments primarily from: China ($4.38M), Switzerland ($140k), Malaysia ($78k), Japan ($49k), and United Kingdom ($41.2k).

The fastest growing import markets in Wood Ornaments for Philippines between 2021 and 2022 were Malaysia ($75.5k), United Kingdom ($26.4k), and Vietnam ($11.4k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-573k(-53%)
IMPORT GROWTH (June 2023 - June 2024)$-70.8k(-69.2%)
MAIN DESTINATION (June 2024)United States$240k

This section shows Wood Ornaments'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 Wood Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.3M
IMPORTS (2022)$4.96M
NET TRADE (2022)$22.4M

In 2022, Philippines exported $27.3M in Wood Ornaments. The main destinations of Philippines exports on Wood Ornaments were United States ($23.1M), Canada ($877k), Japan ($498k), France ($404k), and Germany ($395k).

In 2022, Philippines imported $4.96M in Wood Ornaments, mainly from China ($4.38M), Switzerland ($140k), Malaysia ($78k), Japan ($49k), and United Kingdom ($41.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$14.6M (173%)
France$297k (278%)
Canada$247k (39.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Philippines WERE (2021 - 2022):
Japan-$368k (-42.5%)
Denmark-$120k (-67.5%)
Norway-$100k (-76.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Philippines's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.95M
TOP IMPORT POTENTIALChina+ $1.76M

Wood Ornaments’s highest export potential is United States. With an export gap of $1.95M.   Wood Ornaments’s highest import potential is China with an import gap of $1.76M.

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