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2022
Exports $7.62MWorld Rnk 31 / 105
Flag Rnk 372 / 1127
2022
Destination $290k Indonesia
2021 - 2022
FASTEST GROWING MARKET $290kChinese Taipei
2022
PRODUCT COMPLEXITY IN Detonating Fuses-0.59Rnk 721 / 1025
2022
Imports $22.5MWorld Rnk 23 / 185
Flag Rnk 557 / 1201
2022
Origin $3.52M Canada
2021 - 2022
FASTEST GROWING ORIGIN $3.52MRussia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.62M in Detonating Fuses, making it the 31st largest exporter of Detonating Fuses in the world. At the same year, Detonating Fuses was the 372nd most exported product in Philippines. The main destination of Detonating Fuses exports from Philippines are: Indonesia ($5.78M), Vietnam ($756k), Mongolia ($481k), Chinese Taipei ($423k), and Australia ($122k).

The fastest growing export markets for Detonating Fuses of Philippines between 2021 and 2022 were Chinese Taipei ($290k), Indonesia ($145k), and New Zealand ($7.44k).

Imports In 2022, Philippines imported $22.5M in Detonating Fuses, becoming the 23rd largest importer of Detonating Fuses in the world. At the same year, Detonating Fuses was the 557th most imported product in Philippines. Philippines imports Detonating Fuses primarily from: Canada ($8.23M), India ($4.46M), Russia ($3.52M), Australia ($1.63M), and South Africa ($1.34M).

The fastest growing import markets in Detonating Fuses for Philippines between 2021 and 2022 were Russia ($3.52M), India ($1.49M), and South Africa ($1.34M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Detonating Fuses exports accounted up to $31.2k and imports accounted up to $1.32M, resulting in a negative trade balance of $1.29M. Between September 2022 and June 2024 the exports of Philippines'   Detonating Fuses have decreased by $-1.12M (-97.3%) from $1.15M to $31.2k, while imports increased by $500k (61.1%) from $818k to $1.32M.

Destinations In June 2024, Detonating Fuses were exported mostly to Mongolia ($31.2k), and were imported mostly from Canada ($833k), India ($313k), Australia ($160k), Sweden ($10.6k), and United States ($862).

Growth In June 2024, the decrease in Detonating Fuses's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Detonating Fuses's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2022 - June 2024)$-1.12M(-97.3%)
IMPORT GROWTH (June 2023 - June 2024)$500k(61.1%)
MAIN DESTINATION (June 2024)Mongolia$31.2k

This section shows Detonating Fuses'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 Detonating Fuses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.62M
IMPORTS (2022)$22.5M
NET TRADE (2022)-$14.9M

In 2022, Philippines exported $7.62M in Detonating Fuses. The main destinations of Philippines exports on Detonating Fuses were Indonesia ($5.78M), Vietnam ($756k), Mongolia ($481k), Chinese Taipei ($423k), and Australia ($122k).

In 2022, Philippines imported $22.5M in Detonating Fuses, mainly from Canada ($8.23M), India ($4.46M), Russia ($3.52M), Australia ($1.63M), and South Africa ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Detonating Fuses EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$290k (219%)
Indonesia$145k (2.57%)
New Zealand$7.44k (16.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Detonating Fuses BY Philippines WERE (2021 - 2022):
Thailand-$1.11M (-100%)
Vietnam-$445k (-37%)
Mongolia-$335k (-41.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Detonating Fuses were:
United States $286M
Czechia $198M
Canada $181M
In 2022, Philippines's main importing competitors in Detonating Fuses were:
United States $309M
China $105M
Australia $93.7M

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Trade Value of Detonating Fuses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $231k
TOP IMPORT POTENTIALChina+ $415k

Detonating Fuses’s highest export potential is Australia. With an export gap of $231k.   Detonating Fuses’s highest import potential is China with an import gap of $415k.

See methodology.

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