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2022
Exports $526kWorld Rnk 53 / 93
Flag Rnk 659 / 1127
2022
Destination $324k Japan
2021 - 2022
FASTEST GROWING MARKET $324kJapan
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.21Rnk 2 / 1025
2022
Imports $22.7MWorld Rnk 45 / 169
Flag Rnk 555 / 1201
2022
Origin $1.98M Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.98MSwitzerland
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $526k in Metalworking Transfer Machines, making it the 53rd largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 659th most exported product in Philippines. The main destination of Metalworking Transfer Machines exports from Philippines are: Japan ($324k), South Korea ($149k), Malaysia ($30k), Indonesia ($22.2k), and Denmark ($865).

The fastest growing export markets for Metalworking Transfer Machines of Philippines between 2021 and 2022 were Japan ($324k), Indonesia ($4.38k), and Denmark ($865).

Imports In 2022, Philippines imported $22.7M in Metalworking Transfer Machines, becoming the 45th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 555th most imported product in Philippines. Philippines imports Metalworking Transfer Machines primarily from: Japan ($10.9M), Netherlands ($3.18M), Switzerland ($3.15M), Chinese Taipei ($1.54M), and China ($1.22M).

The fastest growing import markets in Metalworking Transfer Machines for Philippines between 2021 and 2022 were Switzerland ($1.98M), Netherlands ($1.58M), and United States ($507k).

Latest Trends

January 2023

About

Overview In January 2023 Philippines' Metalworking Transfer Machines exports accounted up to $149k and imports accounted up to $255k, resulting in a negative trade balance of $107k. Between January 2020 and January 2023 the exports of Philippines'   Metalworking Transfer Machines have increased by $34.9k (30.6%) from $114k to $149k, while imports decreased by $-489k (-65.7%) from $744k to $255k.

Destinations In January 2023, Metalworking Transfer Machines were exported mostly to , and were imported mostly from Japan ($181k), Italy ($48.2k), China ($21k), India ($5.36k), and United States ($167).

Growth In January 2023, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Metalworking Transfer Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.42M or -55.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2020 - January 2023)$34.9k(30.6%)
IMPORT GROWTH (August 2023 - August 2024)$-489k(-65.7%)
MAIN DESTINATION (January 2023)

This section shows Metalworking Transfer Machines'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 Metalworking Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$526k
IMPORTS (2022)$22.7M
NET TRADE (2022)-$22.1M

In 2022, Philippines exported $526k in Metalworking Transfer Machines. The main destinations of Philippines exports on Metalworking Transfer Machines were Japan ($324k), South Korea ($149k), Malaysia ($30k), Indonesia ($22.2k), and Denmark ($865).

In 2022, Philippines imported $22.7M in Metalworking Transfer Machines, mainly from Japan ($10.9M), Netherlands ($3.18M), Switzerland ($3.15M), Chinese Taipei ($1.54M), and China ($1.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$324k (1%)
Indonesia$4.38k (24.6%)
Denmark$865 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Philippines WERE (2021 - 2022):
Thailand-$260k (-100%)
Turkey-$216k (-100%)
South Korea-$154k (-50.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Metalworking Transfer Machines were:
Japan $2.84B
Germany $1.79B
Chinese Taipei $1.13B
In 2022, Philippines's main importing competitors in Metalworking Transfer Machines were:
China $1.85B
United States $1.5B
Germany $559M

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $72.2k
TOP IMPORT POTENTIALJapan+ $2.03M

Metalworking Transfer Machines’s highest export potential is South Korea. With an export gap of $72.2k.   Metalworking Transfer Machines’s highest import potential is Japan with an import gap of $2.03M.

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