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2022
Exports $109MWorld Rnk 16 / 180
Flag Rnk 105 / 1127
2022
Destination $4.76M China
2021 - 2022
FASTEST GROWING MARKET $4.76MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Mirrors and Lenses1.49Rnk 54 / 1025
2022
Imports $125MWorld Rnk 21 / 215
Flag Rnk 225 / 1201
2022
Origin $13.5M China
2021 - 2022
FASTEST GROWING ORIGIN $13.5MChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $109M in Mirrors and Lenses, making it the 16th largest exporter of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 105th most exported product in Philippines. The main destination of Mirrors and Lenses exports from Philippines are: China ($27M), Japan ($17.2M), Germany ($16.8M), United States ($14.4M), and Hong Kong ($7.42M).

The fastest growing export markets for Mirrors and Lenses of Philippines between 2021 and 2022 were United Kingdom ($4.76M), United States ($4.19M), and Hong Kong ($3.85M).

Imports In 2022, Philippines imported $125M in Mirrors and Lenses, becoming the 21st largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 225th most imported product in Philippines. Philippines imports Mirrors and Lenses primarily from: China ($42.7M), Chinese Taipei ($29.4M), Japan ($14M), Thailand ($11.1M), and Germany ($8.6M).

The fastest growing import markets in Mirrors and Lenses for Philippines between 2021 and 2022 were Chinese Taipei ($13.5M), Japan ($6.76M), and China ($4.41M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Mirrors and Lenses exports accounted up to $220M and imports accounted up to $9.66M, resulting in a positive trade balance of $210M. Between August 2023 and August 2024 the exports of Philippines'   Mirrors and Lenses have increased by $214M (3.68k%) from $5.82M to $220M, while imports increased by $1.45M (17.7%) from $8.21M to $9.66M.

Destinations In August 2024, Mirrors and Lenses were exported mostly to South Korea ($100M), Vietnam ($65.6M), Hong Kong ($48.8M), China ($2.8M), and Japan ($574k), and were imported mostly from China ($6.31M), Japan ($1.02M), United States ($734k), Chinese Taipei ($472k), and Thailand ($389k).

Growth In August 2024, the increase in Mirrors and Lenses's year-by-year exports was explained primarily by an increase in exports to China ($1.29M or 126%), Japan ($282k or 43.1%), and United States ($190k or 297%). In August 2024, the increase in Mirrors and Lenses's year-by-year imports was explained primarily by an increase in imports from United States ($3.07M or 2k%), Chinese Taipei ($984k or 85.4%), and China ($728k or 18.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$214M(3.68k%)
IMPORT GROWTH (August 2023 - August 2024)$1.45M(17.7%)
MAIN DESTINATION (August 2024)South Korea$100M

This section shows Mirrors and Lenses'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 Mirrors and Lenses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$109M
IMPORTS (2022)$125M
NET TRADE (2022)-$15.8M

In 2022, Philippines exported $109M in Mirrors and Lenses. The main destinations of Philippines exports on Mirrors and Lenses were China ($27M), Japan ($17.2M), Germany ($16.8M), United States ($14.4M), and Hong Kong ($7.42M).

In 2022, Philippines imported $125M in Mirrors and Lenses, mainly from China ($42.7M), Chinese Taipei ($29.4M), Japan ($14M), Thailand ($11.1M), and Germany ($8.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mirrors and Lenses EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$4.76M (3.29k%)
United States$4.19M (40.9%)
Hong Kong$3.85M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mirrors and Lenses BY Philippines WERE (2021 - 2022):
Japan-$6.17M (-26.4%)
Vietnam-$2.95M (-87.1%)
China-$1.1M (-3.93%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Mirrors and Lenses were:
China $4.27B
Japan $2.24B
Chinese Taipei $2.07B
In 2022, Philippines's main importing competitors in Mirrors and Lenses were:
China $2.31B
United States $1.65B
Hong Kong $1.57B

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Trade Value of Mirrors and Lenses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $24.8M
TOP IMPORT POTENTIALChina+ $8.13M

Mirrors and Lenses’s highest export potential is China. With an export gap of $24.8M.   Mirrors and Lenses’s highest import potential is China with an import gap of $8.13M.

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