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2022
Exports $54.6MWorld Rnk 14 / 176
Flag Rnk 162 / 1127
2022
Destination $14.3M Denmark
2021 - 2022
FASTEST GROWING MARKET $14.3MUnited States
2022
PRODUCT COMPLEXITY IN Eyewear Frames0.72Rnk 267 / 1025
2022
Imports $45.9MWorld Rnk 29 / 212
Flag Rnk 400 / 1201
2022
Origin $20.1M China
2021 - 2022
FASTEST GROWING ORIGIN $20.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $54.6M in Eyewear Frames, making it the 14th largest exporter of Eyewear Frames in the world. At the same year, Eyewear Frames was the 162nd most exported product in Philippines. The main destination of Eyewear Frames exports from Philippines are: Denmark ($17.4M), United States ($16.1M), China ($11M), Hong Kong ($2.14M), and Thailand ($1.95M).

The fastest growing export markets for Eyewear Frames of Philippines between 2021 and 2022 were United States ($14.3M), Denmark ($8.09M), and Thailand ($1.23M).

Imports In 2022, Philippines imported $45.9M in Eyewear Frames, becoming the 29th largest importer of Eyewear Frames in the world. At the same year, Eyewear Frames was the 400th most imported product in Philippines. Philippines imports Eyewear Frames primarily from: China ($28.2M), Denmark ($8M), United States ($1.72M), Hong Kong ($1.48M), and Chinese Taipei ($1.48M).

The fastest growing import markets in Eyewear Frames for Philippines between 2021 and 2022 were China ($20.1M), United States ($1.62M), and Chinese Taipei ($1.35M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Eyewear Frames exports accounted up to $3.2M and imports accounted up to $3.34M, resulting in a negative trade balance of $140k. Between August 2023 and August 2024 the exports of Philippines'   Eyewear Frames have decreased by $-986k (-23.6%) from $4.18M to $3.2M, while imports increased by $423k (14.5%) from $2.91M to $3.34M.

Destinations In August 2024, Eyewear Frames were exported mostly to China ($914k), Italy ($796k), Denmark ($662k), Australia ($158k), and Japan ($148k), and were imported mostly from Denmark ($1.58M), China ($1.02M), Japan ($265k), South Korea ($164k), and Hong Kong ($116k).

Growth In August 2024, the decrease in Eyewear Frames's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-303k or -64.5%), China ($-129k or -10.4%), and Thailand ($-27.6k or -13.4%). In August 2024, the increase in Eyewear Frames's year-by-year imports was explained primarily by an increase in imports from China ($2.71M or 372%), Denmark ($1.4M or 192%), and Hong Kong ($302k or 9.14k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-986k(-23.6%)
IMPORT GROWTH (August 2023 - August 2024)$423k(14.5%)
MAIN DESTINATION (August 2024)China$914k

This section shows Eyewear Frames'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 Eyewear Frames over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$54.6M
IMPORTS (2022)$45.9M
NET TRADE (2022)$8.76M

In 2022, Philippines exported $54.6M in Eyewear Frames. The main destinations of Philippines exports on Eyewear Frames were Denmark ($17.4M), United States ($16.1M), China ($11M), Hong Kong ($2.14M), and Thailand ($1.95M).

In 2022, Philippines imported $45.9M in Eyewear Frames, mainly from China ($28.2M), Denmark ($8M), United States ($1.72M), Hong Kong ($1.48M), and Chinese Taipei ($1.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Eyewear Frames EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$14.3M (800%)
Denmark$8.09M (86.6%)
Thailand$1.23M (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear Frames BY Philippines WERE (2021 - 2022):
Canada-$1.34M (-82.2%)
Chinese Taipei-$499k (-31%)
India-$21.4k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Eyewear Frames were:
China $3.06B
Italy $1.51B
Japan $223M
In 2022, Philippines's main importing competitors in Eyewear Frames were:
United States $1.16B
Italy $619M
Hong Kong $527M

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Trade Value of Eyewear Frames by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $981k
TOP IMPORT POTENTIALChina+ $6.49M

Eyewear Frames’s highest export potential is Hong Kong. With an export gap of $981k.   Eyewear Frames’s highest import potential is China with an import gap of $6.49M.

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