Metal Lathes in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $43M in Metal Lathes, making it the 20th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 181st most exported product in Philippines. The main destination of Metal Lathes exports from Philippines are: Japan ($10.8M), Netherlands ($8.21M), United States ($6.39M), Vietnam ($3.82M), and Thailand ($3.79M).

The fastest growing export markets for Metal Lathes of Philippines between 2021 and 2022 were Netherlands ($3.57M), United States ($3.51M), and Thailand ($1.4M).

Imports In 2022, Philippines imported $18.9M in Metal Lathes, becoming the 45th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 590th most imported product in Philippines. Philippines imports Metal Lathes primarily from: Japan ($5.6M), China ($4.42M), Chinese Taipei ($4.38M), United States ($884k), and Thailand ($877k).

The fastest growing import markets in Metal Lathes for Philippines between 2021 and 2022 were Chinese Taipei ($3.01M), China ($1.48M), and United States ($721k).

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

Latest Trends

August 2021

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Overview In August 2021 Philippines' Metal Lathes exports accounted up to $2.45M and imports accounted up to $762k, resulting in a positive trade balance of $1.69M. Between August 2020 and August 2021 the exports of Philippines' Metal Lathes have increased by $2.1M (596%) from $353k to $2.45M, while imports increased by $513k (206%) from $249k to $762k.

Destinations In August 2021, Metal Lathes were exported mostly to Burma ($712k), Netherlands ($513k), Japan ($290k), Thailand ($272k), and Hong Kong ($248k), and were imported mostly from Singapore ($222k), Japan ($214k), South Korea ($203k), China ($79.9k), and Chinese Taipei ($30.7k).

Growth In August 2021, the increase in Metal Lathes's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the increase in Metal Lathes's year-by-year imports was explained primarily by an increase in imports from Japan ($713k or 50.7%), China ($153k or 90.4%), and Singapore ($140k or 175%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$2.1M(596%)

IMPORT GROWTH (August 2020 - August 2021)$513k(206%)

MAIN DESTINATION (August 2021)Burma$712k

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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