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Pricing

2022
Exports $19.1MWorld Rnk 42 / 159
Flag Rnk 262 / 1127
2022
Destination $5.33M United States
2021 - 2022
FASTEST GROWING MARKET $5.33MUnited States
2022
PRODUCT COMPLEXITY IN Shaped Wood-0.84Rnk 788 / 1025
2022
Imports $8MWorld Rnk 50 / 221
Flag Rnk 760 / 1201
2022
Origin $1.27M China
2021 - 2022
FASTEST GROWING ORIGIN $1.27MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $19.1M in Shaped Wood, making it the 42nd largest exporter of Shaped Wood in the world. At the same year, Shaped Wood was the 262nd most exported product in Philippines. The main destination of Shaped Wood exports from Philippines are: United States ($16.2M), Japan ($2.61M), Netherlands ($126k), Italy ($79.8k), and Bahrain ($65.3k).

The fastest growing export markets for Shaped Wood of Philippines between 2021 and 2022 were United States ($5.33M), Japan ($2.07M), and Netherlands ($97.6k).

Imports In 2022, Philippines imported $8M in Shaped Wood, becoming the 50th largest importer of Shaped Wood in the world. At the same year, Shaped Wood was the 760th most imported product in Philippines. Philippines imports Shaped Wood primarily from: China ($4.49M), New Zealand ($2.1M), Indonesia ($475k), Italy ($163k), and Finland ($136k).

The fastest growing import markets in Shaped Wood for Philippines between 2021 and 2022 were China ($1.27M), New Zealand ($538k), and Indonesia ($388k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Shaped Wood exports accounted up to $160k and imports accounted up to $60.2k, resulting in a positive trade balance of $99.4k. Between June 2023 and June 2024 the exports of Philippines'   Shaped Wood have decreased by $-110k (-40.8%) from $270k to $160k, while imports decreased by $-127k (-67.8%) from $187k to $60.2k.

Destinations In June 2024, Shaped Wood were exported mostly to United States ($124k), Austria ($20.1k), Vietnam ($11k), Estonia ($3.98k), and Finland ($470), and were imported mostly from New Zealand ($22.5k), Italy ($21.3k), Finland ($15k), Japan ($1.27k), and Germany ($170).

Growth In June 2024, the decrease in Shaped Wood's year-by-year exports was explained primarily by a decrease in exports to United States ($-147k or -61.1%). In June 2024, the decrease in Shaped Wood's year-by-year imports was explained primarily by a decrease in imports from China ($-576k or -83.5%) and Estonia ($-43.9k or -94.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-110k(-40.8%)
IMPORT GROWTH (May 2023 - June 2024)$-127k(-67.8%)
MAIN DESTINATION (June 2024)United States$124k

This section shows Shaped Wood'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 Shaped Wood over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.1M
IMPORTS (2022)$8M
NET TRADE (2022)$11.1M

In 2022, Philippines exported $19.1M in Shaped Wood. The main destinations of Philippines exports on Shaped Wood were United States ($16.2M), Japan ($2.61M), Netherlands ($126k), Italy ($79.8k), and Bahrain ($65.3k).

In 2022, Philippines imported $8M in Shaped Wood, mainly from China ($4.49M), New Zealand ($2.1M), Indonesia ($475k), Italy ($163k), and Finland ($136k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Shaped Wood EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$5.33M (49%)
Japan$2.07M (380%)
Netherlands$97.6k (349%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Shaped Wood BY Philippines WERE (2021 - 2022):
China-$55.2k (-99.6%)
Cambodia-$11.3k (-100%)
Saudi Arabia-$9.52k (-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 Shaped Wood were:
Brazil $976M
Indonesia $691M
China $499M
In 2022, Philippines's main importing competitors in Shaped Wood were:
United States $2.02B
France $428M
Germany $407M

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Trade Value of Shaped Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.16M
TOP IMPORT POTENTIALChina+ $1.13M

Shaped Wood’s highest export potential is United States. With an export gap of $3.16M.   Shaped Wood’s highest import potential is China with an import gap of $1.13M.

See methodology.

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