Hand Tools in Philippines 2021 Exports | Imports : $1.13M | $17.1M, World Rnk 55 / 196 Rnk 573 / 1111 | World Rnk 39 / 218 Rnk 583 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $109k | $4.87M, Japan | China
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Hand Tools: 0.84, Rnk 229 / 1029
Exports In 2021, Philippines exported $1.13M in Hand Tools, making it the 55th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 573rd most exported product in Philippines. The main destination of Hand Tools exports from Philippines are: Japan ($814k), United States ($124k), United Kingdom ($76k), Germany ($51k), and China ($22.8k).
The fastest growing export markets for Hand Tools of Philippines between 2020 and 2021 were Japan ($109k), United States ($77.9k), and United Kingdom ($63.2k).
Imports In 2021, Philippines imported $17.1M in Hand Tools, becoming the 39th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 583rd most imported product in Philippines. Philippines imports Hand Tools primarily from: China ($12.6M), Japan ($1.02M), Chinese Taipei ($882k), Singapore ($688k), and United States ($539k).
The fastest growing import markets in Hand Tools for Philippines between 2020 and 2021 were China ($4.87M), Japan ($424k), and Chinese Taipei ($261k).
Tariffs In 2018, the average tariff for Philippines in Hand Tools was 1.89%. The countries with the highest import tariffs for Hand Tools were Angola (Most Favoured Nation duty rate treatment, 2%), Burundi (Most Favoured Nation duty rate treatment, 2%), Benin (Most Favoured Nation duty rate treatment, 2%), Burkina Faso (Most Favoured Nation duty rate treatment, 2%), and Botswana (Most Favoured Nation duty rate treatment, 2%).
August 2021
Overview In August 2021 Philippines' Hand Tools exports accounted up to N/A141k and imports accounted up to N/A566k, resulting in a negative trade balance of N/A424k. Between August 2020 and August 2021 the exports of Philippines' Hand Tools have increased by N/A66.6k (89.1%) from N/A74.8k to N/A141k, while imports increased by N/A2.97k (0.53%) from N/A563k to N/A566k.
Destinations In August 2021, Hand Tools were exported mostly to Japan ($123k), United Kingdom ($18.2k), and Singapore ($40), and were imported mostly from China ($224k), Japan ($152k), United States ($60.1k), Singapore ($43.9k), and Germany ($23.5k).
Growth In August 2021, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to Japan ($109k or 248k%). In August 2021, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Japan ($496k or 220%), China ($280k or 75.2%), and Hong Kong ($27.5k or 103%).
EXPORT GROWTH (August 2020 - August 2021): N/A66.6k, (89.1%)
IMPORT GROWTH (August 2020 - August 2021): N/A2.97k, (0.53%)
MAIN DESTINATION (August 2021): Japan, $123k
This section shows Hand 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 Hand Tools over time.
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EXPORTS (2021): $1.13M
IMPORTS (2021): $17.1M
NET TRADE (2021): -$16M
In 2021, Philippines exported $1.13M in Hand Tools. The main destinations of Philippines exports on Hand Tools were Japan ($814k), United States ($124k), United Kingdom ($76k), Germany ($51k), and China ($22.8k).
In 2021, Philippines imported $17.1M in Hand Tools, mainly from China ($12.6M), Japan ($1.02M), Chinese Taipei ($882k), Singapore ($688k), and United States ($539k).
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Hand Tools were:
In 2021, Philippines's main importing competitors in Hand Tools were:
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