2022
Exports
$7.29MWorld Rnk 41 / 213
Flag Rnk 375 / 1127
2022
PRODUCT COMPLEXITY IN Gaskets
1.44Rnk 64 / 1025
2022
Imports
$22.7MWorld Rnk 44 / 220
Flag Rnk 554 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.29M in Gaskets, making it the 41st largest exporter of Gaskets in the world. At the same year, Gaskets was the 375th most exported product in Philippines. The main destination of Gaskets exports from Philippines are: Malaysia ($1.5M), Indonesia ($1.42M), China ($834k), Singapore ($515k), and Malta ($455k).

The fastest growing export markets for Gaskets of Philippines between 2021 and 2022 were Singapore ($226k), Austria ($154k), and Italy ($103k).

Imports In 2022, Philippines imported $22.7M in Gaskets, becoming the 44th largest importer of Gaskets in the world. At the same year, Gaskets was the 554th most imported product in Philippines. Philippines imports Gaskets primarily from: Japan ($3.93M), Singapore ($3.61M), Chinese Taipei ($2.63M), China ($2.36M), and United States ($1.54M).

The fastest growing import markets in Gaskets for Philippines between 2021 and 2022 were United States ($787k), Singapore ($521k), and Thailand ($377k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-264k(-20.9%)
IMPORT GROWTH (July 2023 - July 2024)$550k(16.1%)
MAIN DESTINATION (July 2024)Malaysia$327k

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.29M
IMPORTS (2022)$22.7M
NET TRADE (2022)-$15.4M

In 2022, Philippines exported $7.29M in Gaskets. The main destinations of Philippines exports on Gaskets were Malaysia ($1.5M), Indonesia ($1.42M), China ($834k), Singapore ($515k), and Malta ($455k).

In 2022, Philippines imported $22.7M in Gaskets, mainly from Japan ($3.93M), Singapore ($3.61M), Chinese Taipei ($2.63M), China ($2.36M), and United States ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$226k (78.3%)
Austria$154k (418%)
Italy$103k (997%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Philippines WERE (2021 - 2022):
Malaysia-$2.96M (-66.3%)
Japan-$1.05M (-72%)
Hong Kong-$656k (-99.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Gaskets were:
In 2022, Philippines's main importing competitors in Gaskets were:

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.1M
TOP IMPORT POTENTIALChina+ $2.25M

Gaskets’s highest export potential is China. With an export gap of $1.1M.   Gaskets’s highest import potential is China with an import gap of $2.25M.

See methodology.

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