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2022
Exports $4.56MWorld Rnk 10 / 122
Flag Rnk 414 / 1127
2022
Destination $1.19M United States
2021 - 2022
FASTEST GROWING MARKET $1.19MUnited States
2022
Imports $866kWorld Rnk 23 / 157
Flag Rnk 1014 / 1201
2022
Origin $731k French Polynesia
2021 - 2022
FASTEST GROWING ORIGIN $731kFrench Polynesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.56M in Coral and Shells, making it the 10th largest exporter of Coral and Shells in the world. At the same year, Coral and Shells was the 414th most exported product in Philippines. The main destination of Coral and Shells exports from Philippines are: United States ($1.56M), Netherlands ($490k), China ($353k), United Kingdom ($307k), and Vietnam ($283k).

The fastest growing export markets for Coral and Shells of Philippines between 2021 and 2022 were United States ($1.19M), Netherlands ($428k), and United Kingdom ($234k).

Imports In 2022, Philippines imported $866k in Coral and Shells, becoming the 23rd largest importer of Coral and Shells in the world. At the same year, Coral and Shells was the 1014th most imported product in Philippines. Philippines imports Coral and Shells primarily from: French Polynesia ($731k), Italy ($68.6k), China ($19.8k), Madagascar ($17.5k), and South Africa ($11k).

The fastest growing import markets in Coral and Shells for Philippines between 2021 and 2022 were French Polynesia ($731k), Italy ($67.9k), and Madagascar ($10.4k).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Coral and Shells exports accounted up to $174k and imports accounted up to $17.6k, resulting in a positive trade balance of $156k. Between December 2022 and December 2023 the exports of Philippines'   Coral and Shells have increased by $45.6k (35.5%) from $128k to $174k, while imports increased by $6.81k (62.9%) from $10.8k to $17.6k.

Destinations In December 2023, Coral and Shells were exported mostly to , and were imported mostly from .

Growth In December 2023, the increase in Coral and Shells's year-by-year exports was explained primarily by an increase in exports to China ($61.9k or 1.75k%) and Saudi Arabia ($52.6k or 245%). In December 2023, the increase in Coral and Shells's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$45.6k(35.5%)
IMPORT GROWTH (November 2022 - December 2023)$6.81k(62.9%)
MAIN DESTINATION (December 2023)

This section shows Coral and Shells'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 Coral and Shells over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.56M
IMPORTS (2022)$866k
NET TRADE (2022)$3.69M

In 2022, Philippines exported $4.56M in Coral and Shells. The main destinations of Philippines exports on Coral and Shells were United States ($1.56M), Netherlands ($490k), China ($353k), United Kingdom ($307k), and Vietnam ($283k).

In 2022, Philippines imported $866k in Coral and Shells, mainly from French Polynesia ($731k), Italy ($68.6k), China ($19.8k), Madagascar ($17.5k), and South Africa ($11k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coral and Shells EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.19M (320%)
Netherlands$428k (697%)
United Kingdom$234k (320%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coral and Shells BY Philippines WERE (2021 - 2022):
South Korea-$62.2k (-28.5%)
Bulgaria-$17.3k (-45.5%)
Saudi Arabia-$15.2k (-26.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Coral and Shells were:
Japan $32.6M
Indonesia $17.6M
China $14.3M
In 2022, Philippines's main importing competitors in Coral and Shells were:
Hong Kong $26.1M
China $24.2M
United States $22.1M

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Trade Value of Coral and Shells by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $277k
TOP IMPORT POTENTIALChina+ $14.7k

Coral and Shells’s highest export potential is China. With an export gap of $277k.   Coral and Shells’s highest import potential is China with an import gap of $14.7k.

See methodology.

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