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2023
Exports $42.7MWorld Rnk 21 / 131
Flag Rnk 180 / 1123
2023
Destination $13.2M Japan
2022 - 2023
FASTEST GROWING MARKET $13.2MJapan
2023
PRODUCT COMPLEXITY IN Metal Lathes1.73Rnk 21 / 1025
2023
Imports $14MWorld Rnk 50 / 190
Flag Rnk 593 / 1202
2023
Origin $1.59M Japan
2022 - 2023
FASTEST GROWING ORIGIN $1.59MUnited States
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $42.7M in Metal Lathes, making it the 21st largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 180th most exported product in Philippines. The main destination of Metal Lathes exports from Philippines are: Japan ($22.8M), Netherlands ($6.82M), United States ($5.06M), Switzerland ($1.52M), and Germany ($1.37M).

The fastest growing export markets for Metal Lathes of Philippines between 2022 and 2023 were Japan ($13.2M), Netherlands ($6.66M), and India ($956k).

Imports In 2023, Philippines imported $14M in Metal Lathes, becoming the 50th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 593rd most imported product in Philippines. Philippines imports Metal Lathes primarily from: Japan ($6.96M), United States ($3.3M), China ($1.41M), Chinese Taipei ($1.07M), and Singapore ($816k).

The fastest growing import markets in Metal Lathes for Philippines between 2022 and 2023 were United States ($1.59M), Japan ($999k), and Singapore ($627k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Metal Lathes exports accounted up to $2.05M and imports accounted up to $734k, resulting in a positive trade balance of $1.32M. Between July 2023 and July 2024 the exports of Philippines'   Metal Lathes have increased by $527k (34.5%) from $1.53M to $2.05M, while imports decreased by $-205k (-21.8%) from $938k to $734k.

Destinations In July 2024, Metal Lathes were exported mostly to Japan ($1.35M), China ($338k), Vietnam ($249k), and Chinese Taipei ($114k), and were imported mostly from China ($373k), Singapore ($187k), Japan ($163k), and Chinese Taipei ($9.96k).

Growth In July 2024, the increase in Metal Lathes's year-by-year exports was explained primarily by an increase in exports to Netherlands ($135k or 34.8%) and Japan ($118k or 25%). In July 2024, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from China ($-103k or -91.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$527k(34.5%)
IMPORT GROWTH (July 2023 - July 2024)$-205k(-21.8%)
MAIN DESTINATION (July 2024)Japan$1.35M

This section shows Metal Lathes'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 Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$42.7M
IMPORTS (2023)$14M
NET TRADE (2023)$28.7M

In 2023, Philippines exported $42.7M in Metal Lathes. The main destinations of Philippines exports on Metal Lathes were Japan ($22.8M), Netherlands ($6.82M), United States ($5.06M), Switzerland ($1.52M), and Germany ($1.37M).

In 2023, Philippines imported $14M in Metal Lathes, mainly from Japan ($6.96M), United States ($3.3M), China ($1.41M), Chinese Taipei ($1.07M), and Singapore ($816k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$13.2M (138%)
Netherlands$6.66M (4.17k%)
India$956k (260%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY Philippines WERE (2022 - 2023):
Vietnam-$3.82M (-100%)
Thailand-$3.46M (-91.3%)
Malaysia-$2.21M (-97.9%)
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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 Lathes were:
Japan $1.84B
South Korea $1.02B
China $1.01B
In 2023, Philippines's main importing competitors in Metal Lathes were:
United States $1.22B
China $661M
Germany $590M

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.68M
TOP IMPORT POTENTIALChina+ $1.63M

Metal Lathes’s highest export potential is United States. With an export gap of $2.68M.   Metal Lathes’s highest import potential is China with an import gap of $1.63M.

See methodology.

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