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2023
Exports $7.9MWorld Rnk 41 / 170
Flag Rnk 346 / 1123
2023
Destination $1.91M Singapore
2022 - 2023
FASTEST GROWING MARKET $1.91MSingapore
2023
PRODUCT COMPLEXITY IN Metal Insulating Fittings1.16Rnk 121 / 1025
2023
Imports $122MWorld Rnk 21 / 215
Flag Rnk 183 / 1202
2023
Origin $6.99M Japan
2022 - 2023
FASTEST GROWING ORIGIN $6.99MJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $7.9M in Metal Insulating Fittings, making it the 41st largest exporter of Metal Insulating Fittings in the world. At the same year, Metal Insulating Fittings was the 346th most exported product in Philippines. The main destination of Metal Insulating Fittings exports from Philippines are: Singapore ($2.18M), China ($1.83M), Japan ($1.04M), Thailand ($683k), and India ($381k).

The fastest growing export markets for Metal Insulating Fittings of Philippines between 2022 and 2023 were Singapore ($1.91M), Czechia ($273k), and India ($244k).

Imports In 2023, Philippines imported $122M in Metal Insulating Fittings, becoming the 21st largest importer of Metal Insulating Fittings in the world. At the same year, Metal Insulating Fittings was the 183rd most imported product in Philippines. Philippines imports Metal Insulating Fittings primarily from: Japan ($49.1M), Thailand ($15.7M), China ($14.6M), United States ($13M), and Singapore ($8.66M).

The fastest growing import markets in Metal Insulating Fittings for Philippines between 2022 and 2023 were Japan ($6.99M), Singapore ($6.7M), and Belgium ($3.35M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Metal Insulating Fittings exports accounted up to $158k and imports accounted up to $8.76M, resulting in a negative trade balance of $8.6M. Between July 2023 and July 2024 the exports of Philippines'   Metal Insulating Fittings have increased by $66.2k (71.8%) from $92.3k to $158k, while imports decreased by $-831k (-8.66%) from $9.59M to $8.76M.

Destinations In July 2024, Metal Insulating Fittings were exported mostly to Japan ($47.3k), Hong Kong ($34.7k), China ($34.6k), Thailand ($23.6k), and Indonesia ($16.7k), and were imported mostly from Japan ($4.66M), China ($1.28M), Thailand ($799k), United States ($603k), and Germany ($313k).

Growth In July 2024, the increase in Metal Insulating Fittings's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($31.7k or 130%), Japan ($19.8k or 57.2%), and Thailand ($5.39k or 39.6%). In July 2024, the decrease in Metal Insulating Fittings's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-367k or -26.9%) and Chinese Taipei ($-5.14k or -44.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$66.2k(71.8%)
IMPORT GROWTH (July 2023 - July 2024)$-831k(-8.66%)
MAIN DESTINATION (July 2024)Japan$47.3k

This section shows Metal Insulating Fittings'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 Metal Insulating Fittings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.9M
IMPORTS (2023)$122M
NET TRADE (2023)-$114M

In 2023, Philippines exported $7.9M in Metal Insulating Fittings. The main destinations of Philippines exports on Metal Insulating Fittings were Singapore ($2.18M), China ($1.83M), Japan ($1.04M), Thailand ($683k), and India ($381k).

In 2023, Philippines imported $122M in Metal Insulating Fittings, mainly from Japan ($49.1M), Thailand ($15.7M), China ($14.6M), United States ($13M), and Singapore ($8.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metal Insulating Fittings EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$1.91M (710%)
Czechia$273k (415%)
India$244k (179%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Insulating Fittings BY Philippines WERE (2022 - 2023):
United Arab Emirates-$379k (-98.9%)
South Africa-$221k (-73.3%)
Serbia-$176k (-83%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Metal Insulating Fittings were:
Germany $1.22B
China $1.06B
Japan $695M
In 2023, Philippines's main importing competitors in Metal Insulating Fittings were:
Germany $731M
China $604M
Czechia $467M

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Trade Value of Metal Insulating Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.77M
TOP IMPORT POTENTIALChina+ $5.03M

Metal Insulating Fittings’s highest export potential is China. With an export gap of $1.77M.   Metal Insulating Fittings’s highest import potential is China with an import gap of $5.03M.

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