Furniture, bedding, lamps, & prefab buildings in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $736M in Furniture, bedding, lamps, & prefab buildings, making it the 41st largest exporter of Furniture, bedding, lamps, & prefab buildings in the world. At the same year, Furniture, bedding, lamps, & prefab buildings was the 18th most exported product in Philippines. The main destination of Furniture, bedding, lamps, & prefab buildings exports from Philippines are: United States ($404M), Japan ($122M), Netherlands ($62.3M), France ($31.9M), and Germany ($27.3M).

The fastest growing export markets for Furniture, bedding, lamps, & prefab buildings of Philippines between 2021 and 2022 were United States ($37.4M), France ($27M), and Canada ($4.31M).

Imports In 2022, Philippines imported $2.64B in Furniture, bedding, lamps, & prefab buildings, becoming the 29th largest importer of Furniture, bedding, lamps, & prefab buildings in the world. At the same year, Furniture, bedding, lamps, & prefab buildings was the 11th most imported product in Philippines. Philippines imports Furniture, bedding, lamps, & prefab buildings primarily from: China ($2.22B), Vietnam ($95.5M), Malaysia ($77.9M), United Arab Emirates ($66.7M), and Thailand ($21.7M).

The fastest growing import markets in Furniture, bedding, lamps, & prefab buildings for Philippines between 2021 and 2022 were China ($435M), Malaysia ($30.8M), and Vietnam ($22.7M).

COMPANIES In 2023, leading companies such as Euromarket Designs (47), Arhaus (43), and Badcock Home Furniture (4) were at the forefront of shipping Furniture, bedding, lamps, & prefab buildings from Philippines to the United States.

Latest Trends

June 2024

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Overview In June 2024 Philippines' Furniture, bedding, lamps, & prefab buildings exports accounted up to $42.3M and imports accounted up to $22M, resulting in a positive trade balance of $20.3M. Between June 2023 and June 2024 the exports of Philippines' Furniture, bedding, lamps, & prefab buildings have increased by $2.77M (7.02%) from $39.5M to $42.3M, while imports decreased by $-71.9M (-76.6%) from $93.9M to $22M.

Destinations In June 2024, Furniture, bedding, lamps, & prefab buildings were exported mostly to United States ($30.3M), Netherlands ($6M), Japan ($2.56M), China ($1.09M), and Germany ($441k), and were imported mostly from Vietnam ($6.92M), United States ($2.96M), Thailand ($2.47M), Japan ($1.71M), and Italy ($978k).

Growth In June 2024, the increase in Furniture, bedding, lamps, & prefab buildings's year-by-year exports was explained primarily by an increase in exports to Netherlands ($588k or 11.7%), Mexico ($284k or 2.42k%), and China ($245k or 81.3%). In June 2024, the decrease in Furniture, bedding, lamps, & prefab buildings's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-1.74M or -78.2%), Japan ($-1.43M or -52.4%), and Belgium ($-562k or -91.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$2.77M(7.02%)

IMPORT GROWTH (June 2023 - June 2024)$-71.9M(-76.6%)

MAIN DESTINATION (June 2024)United States$30.3M

This section shows Furniture, bedding, lamps, & prefab buildings'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 Furniture, bedding, lamps, & prefab buildings over time.

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