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2022
Exports $21.5MWorld Rnk 30 / 179
Flag Rnk 248 / 1127
2022
Destination $5.46M United States
2021 - 2022
FASTEST GROWING MARKET $5.46MUnited States
2022
PRODUCT COMPLEXITY IN Compasses0.89Rnk 212 / 1025
2022
Imports $25.5MWorld Rnk 40 / 211
Flag Rnk 529 / 1201
2022
Origin $3.54M Germany
2021 - 2022
FASTEST GROWING ORIGIN $3.54MGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $21.5M in Compasses, making it the 30th largest exporter of Compasses in the world. At the same year, Compasses was the 248th most exported product in Philippines. The main destination of Compasses exports from Philippines are: United States ($17.5M), Singapore ($1.44M), Chinese Taipei ($1.08M), Germany ($309k), and United Arab Emirates ($123k).

The fastest growing export markets for Compasses of Philippines between 2021 and 2022 were United States ($5.46M), Chinese Taipei ($1.02M), and Singapore ($967k).

Imports In 2022, Philippines imported $25.5M in Compasses, becoming the 40th largest importer of Compasses in the world. At the same year, Compasses was the 529th most imported product in Philippines. Philippines imports Compasses primarily from: Germany ($5.38M), Hong Kong ($3.52M), France ($2.96M), United States ($2.82M), and Turkey ($1.51M).

The fastest growing import markets in Compasses for Philippines between 2021 and 2022 were Germany ($3.54M), Hong Kong ($3.11M), and France ($2.68M).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Compasses exports accounted up to $5.33k and imports accounted up to $801k, resulting in a negative trade balance of $796k. Between February 2023 and May 2024 the exports of Philippines'   Compasses have decreased by $-111k (-95.4%) from $116k to $5.33k, while imports decreased by $-355 (-0.044%) from $802k to $801k.

Destinations In May 2024, Compasses were exported mostly to , and were imported mostly from Japan ($230k), United States ($194k), Singapore ($111k), Netherlands ($76.9k), and Germany ($64.3k).

Growth In May 2024, the decrease in Compasses's year-by-year exports was explained primarily by a decrease in exports to United States ($-180k or -93.7%). In June 2024, the decrease in Compasses's year-by-year imports was explained primarily by a decrease in imports from Japan ($-29.4k or -82.7%), India ($-11.3k or -75.6%), and South Korea ($-4.56k or -54.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - May 2024)$-111k(-95.4%)
IMPORT GROWTH (June 2023 - June 2024)$-355(-0.044%)
MAIN DESTINATION (May 2024)

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$21.5M
IMPORTS (2022)$25.5M
NET TRADE (2022)-$4M

In 2022, Philippines exported $21.5M in Compasses. The main destinations of Philippines exports on Compasses were United States ($17.5M), Singapore ($1.44M), Chinese Taipei ($1.08M), Germany ($309k), and United Arab Emirates ($123k).

In 2022, Philippines imported $25.5M in Compasses, mainly from Germany ($5.38M), Hong Kong ($3.52M), France ($2.96M), United States ($2.82M), and Turkey ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$5.46M (45.2%)
Chinese Taipei$1.02M (1.56k%)
Singapore$967k (206%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Philippines WERE (2021 - 2022):
Russia-$234k (-100%)
South Korea-$201k (-95.2%)
United Kingdom-$201k (-66.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Compasses were:
United States $1.62B
United Kingdom $1.13B
France $911M
In 2022, Philippines's main importing competitors in Compasses were:
United States $1.53B
United Kingdom $571M
France $529M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.87M
TOP IMPORT POTENTIALUnited States+ $1.43M

Compasses’s highest export potential is United States. With an export gap of $1.87M.   Compasses’s highest import potential is United States with an import gap of $1.43M.

See methodology.

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