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2023
Exports $3.5MWorld Rnk 33 / 196
Flag Rnk 435 / 1123
2023
Destination $1.98M Japan
2022 - 2023
FASTEST GROWING MARKET $1.98MJapan
2023
PRODUCT COMPLEXITY IN Drafting Tools1.84Rnk 11 / 1025
2023
Imports $12MWorld Rnk 41 / 222
Flag Rnk 631 / 1202
2023
Origin $280k China
2022 - 2023
FASTEST GROWING ORIGIN $280kNew Zealand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $3.5M in Drafting Tools, making it the 33rd largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 435th most exported product in Philippines. The main destination of Drafting Tools exports from Philippines are: Japan ($2.15M), United States ($318k), China ($308k), New Zealand ($270k), and Chinese Taipei ($177k).

The fastest growing export markets for Drafting Tools of Philippines between 2022 and 2023 were Japan ($1.98M), New Zealand ($270k), and United States ($178k).

Imports In 2023, Philippines imported $12M in Drafting Tools, becoming the 41st largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 631st most imported product in Philippines. Philippines imports Drafting Tools primarily from: China ($5.43M), Japan ($2.76M), United States ($850k), Chinese Taipei ($598k), and Singapore ($573k).

The fastest growing import markets in Drafting Tools for Philippines between 2022 and 2023 were New Zealand ($280k), Singapore ($169k), and South Korea ($130k).

COMPANIES In 2023, leading companies such as Cinmar (2) were at the forefront of shipping Drafting Tools from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Drafting Tools exports accounted up to $19.2k and imports accounted up to $1.07M, resulting in a negative trade balance of $1.05M. Between July 2023 and July 2024 the exports of Philippines'   Drafting Tools have decreased by $-126k (-86.8%) from $146k to $19.2k, while imports increased by $215k (25.2%) from $854k to $1.07M.

Destinations In July 2024, Drafting Tools were exported mostly to Australia ($11k), Chinese Taipei ($4.5k), Bulgaria ($1.61k), Japan ($1.3k), and India ($286), and were imported mostly from China ($596k), Japan ($298k), United States ($48k), Malaysia ($40.3k), and Germany ($26.5k).

Growth In July 2024, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to Japan ($-74.9k or -30.2%), Singapore ($-2.1k or -94.3%), and United States ($-1.37k or -87.3%). In July 2024, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from United States ($20.6k or 70.7%), Japan ($17.4k or 9.93%), and France ($16.2k or 2.96k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-126k(-86.8%)
IMPORT GROWTH (July 2023 - July 2024)$215k(25.2%)
MAIN DESTINATION (July 2024)Australia$11k

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.5M
IMPORTS (2023)$12M
NET TRADE (2023)-$8.52M

In 2023, Philippines exported $3.5M in Drafting Tools. The main destinations of Philippines exports on Drafting Tools were Japan ($2.15M), United States ($318k), China ($308k), New Zealand ($270k), and Chinese Taipei ($177k).

In 2023, Philippines imported $12M in Drafting Tools, mainly from China ($5.43M), Japan ($2.76M), United States ($850k), Chinese Taipei ($598k), and Singapore ($573k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$1.98M (1.17k%)
New Zealand$270k (450k%)
United States$178k (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Philippines WERE (2022 - 2023):
Vietnam-$93.5k (-98.4%)
Indonesia-$28.1k (-88.8%)
Mexico-$20.9k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Drafting Tools were:
China $996M
Japan $298M
Germany $203M
In 2023, Philippines's main importing competitors in Drafting Tools were:
United States $367M
Germany $181M
France $93.1M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $192k
TOP IMPORT POTENTIALChina+ $1.36M

Drafting Tools’s highest export potential is China. With an export gap of $192k.   Drafting Tools’s highest import potential is China with an import gap of $1.36M.

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