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2023
Exports $155MWorld Rnk 16 / 199
Flag Rnk 73 / 1123
2023
Destination $6.46M United States
2022 - 2023
FASTEST GROWING MARKET $6.46MHong Kong
2023
PRODUCT COMPLEXITY IN Base Metal Watches0.81Rnk 252 / 1025
2023
Imports $141MWorld Rnk 32 / 218
Flag Rnk 163 / 1202
2023
Origin $6.53M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $6.53MSingapore
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $155M in Base Metal Watches, making it the 16th largest exporter of Base Metal Watches in the world. At the same year, Base Metal Watches was the 73rd most exported product in Philippines. The main destination of Base Metal Watches exports from Philippines are: United States ($35.2M), Netherlands ($13.2M), Hong Kong ($9.26M), Canada ($8.57M), and Turkey ($6.82M).

The fastest growing export markets for Base Metal Watches of Philippines between 2022 and 2023 were Hong Kong ($6.46M), Mexico ($3.48M), and Turkey ($1.87M).

Imports In 2023, Philippines imported $141M in Base Metal Watches, becoming the 32nd largest importer of Base Metal Watches in the world. At the same year, Base Metal Watches was the 163rd most imported product in Philippines. Philippines imports Base Metal Watches primarily from: Switzerland ($58.7M), Singapore ($36.2M), China ($24.5M), Hong Kong ($11.2M), and Japan ($4.66M).

The fastest growing import markets in Base Metal Watches for Philippines between 2022 and 2023 were Singapore ($6.53M), Thailand ($2.14M), and Ireland ($1.34M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Base Metal Watches exports accounted up to $46.7k and imports accounted up to $7.94M, resulting in a negative trade balance of $7.9M. Between July 2023 and July 2024 the exports of Philippines'   Base Metal Watches have increased by $42.5k (1.01k%) from $4.21k to $46.7k, while imports increased by $1.23M (18.3%) from $6.72M to $7.94M.

Destinations In July 2024, Base Metal Watches were exported mostly to Hong Kong ($31.3k), Singapore ($14.5k), and Papua New Guinea ($860), and were imported mostly from Switzerland ($4.01M), Hong Kong ($2.49M), China ($1.09M), Japan ($149k), and Spain ($87.9k).

Growth In July 2024, the increase in Base Metal Watches's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Base Metal Watches's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($1.71M or 559%), China ($1.12M or 65.6%), and India ($15.6k or 116%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$42.5k(1.01k%)
IMPORT GROWTH (July 2023 - July 2024)$1.23M(18.3%)
MAIN DESTINATION (July 2024)Hong Kong$31.3k

This section shows Base Metal Watches'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 Base Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$155M
IMPORTS (2023)$141M
NET TRADE (2023)$14.5M

In 2023, Philippines exported $155M in Base Metal Watches. The main destinations of Philippines exports on Base Metal Watches were United States ($35.2M), Netherlands ($13.2M), Hong Kong ($9.26M), Canada ($8.57M), and Turkey ($6.82M).

In 2023, Philippines imported $141M in Base Metal Watches, mainly from Switzerland ($58.7M), Singapore ($36.2M), China ($24.5M), Hong Kong ($11.2M), and Japan ($4.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Base Metal Watches EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Hong Kong$6.46M (230%)
Mexico$3.48M (153%)
Turkey$1.87M (37.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Base Metal Watches BY Philippines WERE (2022 - 2023):
Netherlands-$9.46M (-41.8%)
United States-$7.01M (-16.6%)
Spain-$2.99M (-58.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Base Metal Watches were:
Switzerland $19.6B
China $3.27B
Japan $930M
In 2023, Philippines's main importing competitors in Base Metal Watches were:
United States $4.61B
Hong Kong $3.16B
China $2.46B

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Trade Value of Base Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.4M
TOP IMPORT POTENTIALChina+ $14.7M

Base Metal Watches’s highest export potential is United States. With an export gap of $17.4M.   Base Metal Watches’s highest import potential is China with an import gap of $14.7M.

See methodology.

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