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2023
Exports $127MWorld Rnk 16 / 173
Flag Rnk 89 / 1123
2023
Destination $4.22M China
2022 - 2023
FASTEST GROWING MARKET $4.22MCambodia
2023
PRODUCT COMPLEXITY IN Mirrors and Lenses1.54Rnk 37 / 1025
2023
Imports $92.4MWorld Rnk 26 / 217
Flag Rnk 218 / 1202
2023
Origin $10.3M China
2022 - 2023
FASTEST GROWING ORIGIN $10.3MVietnam
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $127M 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 89th most exported product in Philippines. The main destination of Mirrors and Lenses exports from Philippines are: China ($49M), Germany ($18.2M), United States ($13.2M), Japan ($10.1M), and United Kingdom ($5.11M).

The fastest growing export markets for Mirrors and Lenses of Philippines between 2022 and 2023 were Cambodia ($4.22M), Vietnam ($738k), and Turkey ($701k).

Imports In 2023, Philippines imported $92.4M in Mirrors and Lenses, becoming the 26th largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 218th most imported product in Philippines. Philippines imports Mirrors and Lenses primarily from: China ($37.5M), United States ($12.5M), Vietnam ($11.2M), Chinese Taipei ($6.6M), and Germany ($5.14M).

The fastest growing import markets in Mirrors and Lenses for Philippines between 2022 and 2023 were Vietnam ($10.3M), Indonesia ($1.08M), and Israel ($663k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Mirrors and Lenses exports accounted up to $90.7M and imports accounted up to $7.73M, resulting in a positive trade balance of $83M. Between July 2023 and July 2024 the exports of Philippines'   Mirrors and Lenses have increased by $84.9M (1.45k%) from $5.84M to $90.7M, while imports increased by $4.84M (167%) from $2.89M to $7.73M.

Destinations In July 2024, Mirrors and Lenses were exported mostly to Hong Kong ($36.5M), South Korea ($31.1M), Vietnam ($18.1M), China ($2.44M), and Japan ($725k), and were imported mostly from China ($4.51M), Japan ($1.47M), United States ($737k), Chinese Taipei ($341k), and Thailand ($205k).

Growth In July 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 July 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 (July 2023 - July 2024)$84.9M(1.45k%)
IMPORT GROWTH (July 2023 - July 2024)$4.84M(167%)
MAIN DESTINATION (July 2024)Hong Kong$36.5M

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 (2023)$127M
IMPORTS (2023)$92.4M
NET TRADE (2023)$34.3M

In 2023, Philippines exported $127M in Mirrors and Lenses. The main destinations of Philippines exports on Mirrors and Lenses were China ($49M), Germany ($18.2M), United States ($13.2M), Japan ($10.1M), and United Kingdom ($5.11M).

In 2023, Philippines imported $92.4M in Mirrors and Lenses, mainly from China ($37.5M), United States ($12.5M), Vietnam ($11.2M), Chinese Taipei ($6.6M), and Germany ($5.14M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mirrors and Lenses EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Cambodia$4.22M (10.6k%)
Vietnam$738k (275%)
Turkey$701k (46.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mirrors and Lenses BY Philippines WERE (2022 - 2023):
Japan-$8.69M (-46.2%)
Hong Kong-$5.98M (-65.1%)
China-$5.85M (-10.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Mirrors and Lenses were:
China $3.32B
Japan $2.55B
Chinese Taipei $2.55B
In 2023, Philippines's main importing competitors in Mirrors and Lenses were:
China $2.44B
United States $1.58B
Netherlands $1.53B

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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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