Brooms in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $10.8M in Brooms, making it the 54th largest exporter of Brooms in the world. At the same year, Brooms was the 323rd most exported product in Philippines. The main destination of Brooms exports from Philippines are: Malaysia ($5.84M), Japan ($1.3M), Germany ($1.2M), Singapore ($624k), and China ($311k).

The fastest growing export markets for Brooms of Philippines between 2021 and 2022 were Malaysia ($5.61M), Germany ($1.09M), and Singapore ($603k).

Imports In 2022, Philippines imported $209M in Brooms, becoming the 16th largest importer of Brooms in the world. At the same year, Brooms was the 152nd most imported product in Philippines. Philippines imports Brooms primarily from: China ($174M), Vietnam ($12.1M), Malaysia ($5.28M), Singapore ($2.75M), and India ($2.62M).

The fastest growing import markets in Brooms for Philippines between 2021 and 2022 were China ($48.1M), Vietnam ($3.57M), and Singapore ($1.49M).

COMPANIES In 2023, leading companies such as Yokohama Industries (11) were at the forefront of shipping Brooms from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Brooms exports accounted up to $1.01M and imports accounted up to $10.1M, resulting in a negative trade balance of $9.09M. Between October 2023 and October 2024 the exports of Philippines' Brooms have increased by $235k (30.5%) from $771k to $1.01M, while imports increased by $71.5k (0.71%) from $10M to $10.1M.

Destinations In October 2024, Brooms were exported mostly to India ($211k), Australia ($148k), Malaysia ($127k), Mexico ($126k), and China ($94.9k), and were imported mostly from China ($6.37M), Vietnam ($1.42M), Hong Kong ($1.16M), Japan ($227k), and India ($177k).

Growth In October 2024, the increase in Brooms's year-by-year exports was explained primarily by an increase in exports to Malaysia ($350k or 414%) and Singapore ($92.7k or 244k%). In October 2024, the increase in Brooms's year-by-year imports was explained primarily by an increase in imports from China ($1.73M or 33%), Ireland ($67.9k or 75.6%), and Singapore ($39.2k or 117%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$235k(30.5%)

IMPORT GROWTH (October 2023 - October 2024)$71.5k(0.71%)

MAIN DESTINATION (October 2024)India$211k

This section shows Brooms'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 Brooms over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$10.8M

IMPORTS (2022)$209M

NET TRADE (2022)-$198M

In 2022, Philippines exported $10.8M in Brooms. The main destinations of Philippines exports on Brooms were Malaysia ($5.84M), Japan ($1.3M), Germany ($1.2M), Singapore ($624k), and China ($311k).

In 2022, Philippines imported $209M in Brooms, mainly from China ($174M), Vietnam ($12.1M), Malaysia ($5.28M), Singapore ($2.75M), and India ($2.62M).

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