Overview: In July 2020 Philippines' Metal Lathes exports accounted up to $640k and imports accounted up to $606k, resulting in a positive trade balance of $34.1k. Between July 2019 and July 2020 the exports of Philippines' Metal Lathes have increased by $61.5k (10.6%) from $579k to $640k, while imports decreased by $-1.91M (-75.9%) from $2.51M to $606k.
Destinations: In July 2020 Metal Lathes exported mostly to Malaysia ($304k), Netherlands ($165k), United States ($147k), and South Korea ($25k), and imported mostly from Japan ($526k), China ($49.9k), Chinese Taipei ($16.1k), Belgium ($8.18k), and Thailand ($5.42k).
Growth: In July 2020, the increase in Metal Lathes's year-by-year exports was explained primarily by an increase in exports to Malaysia ($160k or 111%) and South Korea ($24k or 2.35k%). In July 2020, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.1M or -67.7%), Belgium ($-251k or -96.8%), and Chinese Taipei ($-176k or -91.6%).