Hand Tools in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $779k in Hand Tools, making it the 57th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 627th most exported product in Philippines. The main destination of Hand Tools exports from Philippines are: Japan ($389k), United States ($103k), United Kingdom ($93k), Netherlands ($46.5k), and China ($28.5k).

The fastest growing export markets for Hand Tools of Philippines between 2021 and 2022 were Netherlands ($45.7k), United Kingdom ($17.1k), and Hong Kong ($16.2k).

Imports In 2022, Philippines imported $19.1M in Hand Tools, becoming the 35th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 586th most imported product in Philippines. Philippines imports Hand Tools primarily from: China ($14.3M), United States ($1.05M), Germany ($793k), Singapore ($667k), and Chinese Taipei ($612k).

The fastest growing import markets in Hand Tools for Philippines between 2021 and 2022 were China ($2.14M), United States ($515k), and Germany ($325k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Hand Tools from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Hand Tools exports accounted up to $141k and imports accounted up to $566k, resulting in a negative trade balance of $424k. Between August 2020 and August 2021 the exports of Philippines' Hand Tools have increased by $66.6k (89.1%) from $74.8k to $141k, while imports increased by $2.97k (0.53%) from $563k to $566k.

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%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$66.6k(89.1%)

IMPORT GROWTH (August 2020 - August 2021)$2.97k(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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