Knives in Philippines 2021 Exports | Imports : $54.2k | $13.2M, World Rnk 78 / 190 Rnk 884 / 1111 | World Rnk 47 / 220 Rnk 644 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $8.22k | $2.71M, United States | China
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Knives: 0.95, Rnk 185 / 1029
Exports In 2021, Philippines exported $54.2k in Knives, making it the 78th largest exporter of Knives in the world. At the same year, Knives was the 884th most exported product in Philippines. The main destination of Knives exports from Philippines are: United States ($11.1k), Germany ($8.21k), Japan ($8.19k), Vietnam ($4.44k), and Chinese Taipei ($3.9k).
The fastest growing export markets for Knives of Philippines between 2020 and 2021 were United States ($8.22k), Japan ($7.45k), and Germany ($4.39k).
Imports In 2021, Philippines imported $13.2M in Knives, becoming the 47th largest importer of Knives in the world. At the same year, Knives was the 644th most imported product in Philippines. Philippines imports Knives primarily from: China ($10.5M), Malaysia ($677k), Japan ($477k), Singapore ($408k), and United States ($335k).
The fastest growing import markets in Knives for Philippines between 2020 and 2021 were China ($2.71M), Malaysia ($507k), and Japan ($165k).
Tariffs In 2018, the average tariff for Philippines in Knives was 13.1%. The countries with the highest import tariffs for Knives were Angola (Most Favoured Nation duty rate treatment, 13.9%), Burundi (Most Favoured Nation duty rate treatment, 13.9%), Benin (Most Favoured Nation duty rate treatment, 13.9%), Burkina Faso (Most Favoured Nation duty rate treatment, 13.9%), and Botswana (Most Favoured Nation duty rate treatment, 13.9%).
June 2021
Overview In June 2021 Philippines' Knives exports accounted up to N/A580 and imports accounted up to N/A514k, resulting in a negative trade balance of N/A513k. Between June 2020 and June 2021 the exports of Philippines' Knives have decreased by N/A-38.9k (-98.5%) from N/A39.5k to N/A580, while imports increased by N/A105k (25.7%) from N/A409k to N/A514k.
Destinations In June 2021, Knives were exported mostly to , and were imported mostly from China ($177k), Malaysia ($153k), Japan ($112k), United States ($36.6k), and Singapore ($7.07k).
Growth In June 2021, the decrease in Knives's year-by-year exports was explained primarily by a decrease in exports to . In August 2021, the increase in Knives's year-by-year imports was explained primarily by an increase in imports from Singapore ($73k or 3.83k%), South Korea ($16.1k or 247%), and United States ($11.1k or 859%).
EXPORT GROWTH (June 2020 - June 2021): N/A-38.9k, (-98.5%)
IMPORT GROWTH (August 2020 - August 2021): N/A105k, (25.7%)
MAIN DESTINATION (June 2021): ,
This section shows Knives'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 Knives over time.
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EXPORTS (2021): $54.2k
IMPORTS (2021): $13.2M
NET TRADE (2021): -$13.1M
In 2021, Philippines exported $54.2k in Knives. The main destinations of Philippines exports on Knives were United States ($11.1k), Germany ($8.21k), Japan ($8.19k), Vietnam ($4.44k), and Chinese Taipei ($3.9k).
In 2021, Philippines imported $13.2M in Knives, mainly from China ($10.5M), Malaysia ($677k), Japan ($477k), Singapore ($408k), and United States ($335k).
THE FASTEST GROWING Knives EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knives BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Knives were:
In 2021, Philippines's main importing competitors in Knives were:
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