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2023
Exports $30MWorld Rnk 55 / 212
Flag Rnk 211 / 1123
2023
Destination $3.11M Italy
2022 - 2023
FASTEST GROWING MARKET $3.11MItaly
2023
PRODUCT COMPLEXITY IN Jewellery-0.47Rnk 685 / 1025
2023
Imports $74.1MWorld Rnk 62 / 216
Flag Rnk 267 / 1202
2023
Origin $8.41M Italy
2022 - 2023
FASTEST GROWING ORIGIN $8.41MSingapore
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $30M in Jewellery, making it the 55th largest exporter of Jewellery in the world. At the same year, Jewellery was the 211th most exported product in Philippines. The main destination of Jewellery exports from Philippines are: Italy ($18.2M), Japan ($5.4M), United States ($3.16M), Hong Kong ($1.12M), and Canada ($546k).

The fastest growing export markets for Jewellery of Philippines between 2022 and 2023 were Italy ($3.11M), Bulgaria ($512k), and United Arab Emirates ($23.5k).

Imports In 2023, Philippines imported $74.1M in Jewellery, becoming the 62nd largest importer of Jewellery in the world. At the same year, Jewellery was the 267th most imported product in Philippines. Philippines imports Jewellery primarily from: Italy ($29.7M), United States ($8.6M), Singapore ($8.56M), Japan ($7.69M), and Turkey ($7.3M).

The fastest growing import markets in Jewellery for Philippines between 2022 and 2023 were Singapore ($8.41M), Italy ($5.05M), and United States ($4.76M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Jewellery exports accounted up to $2.9M and imports accounted up to $3.15M, resulting in a negative trade balance of $253k. Between July 2023 and July 2024 the exports of Philippines'   Jewellery have decreased by $-484k (-14.3%) from $3.38M to $2.9M, while imports decreased by $-2.75M (-46.6%) from $5.91M to $3.15M.

Destinations In July 2024, Jewellery were exported mostly to Italy ($2.39M), Singapore ($226k), United States ($211k), Japan ($43.2k), and France ($17.4k), and were imported mostly from Italy ($1.42M), Hong Kong ($465k), Chinese Taipei ($376k), Japan ($330k), and United States ($196k).

Growth In July 2024, the decrease in Jewellery's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Jewellery's year-by-year imports was explained primarily by a decrease in imports from Japan ($-101k or -29.7%), United Kingdom ($-5.08k or -76.1%), and Australia ($-3.95k or -89.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-484k(-14.3%)
IMPORT GROWTH (July 2023 - July 2024)$-2.75M(-46.6%)
MAIN DESTINATION (July 2024)Italy$2.39M

This section shows Jewellery'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 Jewellery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$30M
IMPORTS (2023)$74.1M
NET TRADE (2023)-$44.1M

In 2023, Philippines exported $30M in Jewellery. The main destinations of Philippines exports on Jewellery were Italy ($18.2M), Japan ($5.4M), United States ($3.16M), Hong Kong ($1.12M), and Canada ($546k).

In 2023, Philippines imported $74.1M in Jewellery, mainly from Italy ($29.7M), United States ($8.6M), Singapore ($8.56M), Japan ($7.69M), and Turkey ($7.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Italy$3.11M (20.6%)
Bulgaria$512k (1.61k%)
United Arab Emirates$23.5k (447%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY Philippines WERE (2022 - 2023):
Hong Kong-$2.61M (-70%)
Japan-$1.14M (-17.4%)
United States-$1.12M (-26.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Jewellery were:
India $13.1B
Italy $12.4B
China $11.6B
In 2023, Philippines's main importing competitors in Jewellery were:
Hong Kong $21.3B
United Arab Emirates $16.6B
United States $13.5B

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Trade Value of Jewellery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.91M
TOP IMPORT POTENTIALItaly+ $6.4M

Jewellery’s highest export potential is United States. With an export gap of $6.91M.   Jewellery’s highest import potential is Italy with an import gap of $6.4M.

See methodology.

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