Drafting Tools in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $1.15M in Drafting Tools, making it the 48th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 591st most exported product in Philippines. The main destination of Drafting Tools exports from Philippines are: Japan ($458k), China ($277k), Vietnam ($95k), Czechia ($63.9k), and United States ($42k).

The fastest growing export markets for Drafting Tools of Philippines between 2021 and 2022 were Vietnam ($56.1k), Indonesia ($28.6k), and United Kingdom ($22.1k).

Imports In 2022, Philippines imported $17.4M in Drafting Tools, becoming the 34th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 603rd most imported product in Philippines. Philippines imports Drafting Tools primarily from: China ($12.3M), Japan ($1.16M), Singapore ($1.09M), United States ($1M), and Chinese Taipei ($693k).

The fastest growing import markets in Drafting Tools for Philippines between 2021 and 2022 were China ($1.2M), Singapore ($519k), and United States ($365k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Drafting Tools from Philippines to the United States.

Latest Trends

August 2021

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Overview In August 2021 Philippines' Drafting Tools exports accounted up to $207k and imports accounted up to $777k, resulting in a negative trade balance of $569k. Between August 2020 and August 2021 the exports of Philippines' Drafting Tools have increased by $111k (115%) from $96.6k to $207k, while imports increased by $46.4k (6.36%) from $730k to $777k.

Destinations In August 2021, Drafting Tools were exported mostly to China ($162k), United States ($41.8k), Japan ($3.01k), and Vietnam ($503), and were imported mostly from China ($367k), Japan ($262k), United States ($43.2k), Singapore ($35.9k), and United Kingdom ($17.2k).

Growth In August 2021, the increase in Drafting Tools's year-by-year exports was explained primarily by an increase in exports to United States ($43.1k or 479%). In August 2021, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from Japan ($1.5M or 229%), Hong Kong ($52.6k or 603%), and Germany ($8.55k or 708%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$111k(115%)

IMPORT GROWTH (August 2020 - August 2021)$46.4k(6.36%)

MAIN DESTINATION (August 2021)China$162k

This section shows Drafting Tools'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 Drafting Tools over time.

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