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2022
Exports $13MWorld Rnk 15 / 133
Flag Rnk 304 / 1127
2022
Destination $3.94M France
2021 - 2022
FASTEST GROWING MARKET $3.94MFrance
2022
PRODUCT COMPLEXITY IN Other Clocks and Watches1.32Rnk 89 / 1025
2022
Imports $17MWorld Rnk 17 / 191
Flag Rnk 611 / 1201
2022
Origin $2.32M France
2021 - 2022
FASTEST GROWING ORIGIN $2.32MSwitzerland
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $13M in Other Clocks and Watches, making it the 15th largest exporter of Other Clocks and Watches in the world. At the same year, Other Clocks and Watches was the 304th most exported product in Philippines. The main destination of Other Clocks and Watches exports from Philippines are: France ($4.2M), Hong Kong ($3.4M), Thailand ($1.4M), Brazil ($1.37M), and Japan ($1.21M).

The fastest growing export markets for Other Clocks and Watches of Philippines between 2021 and 2022 were France ($3.94M), Hong Kong ($2.17M), and Brazil ($1.27M).

Imports In 2022, Philippines imported $17M in Other Clocks and Watches, becoming the 17th largest importer of Other Clocks and Watches in the world. At the same year, Other Clocks and Watches was the 611th most imported product in Philippines. Philippines imports Other Clocks and Watches primarily from: France ($5.62M), Switzerland ($3.22M), Hong Kong ($2.65M), China ($1.96M), and Thailand ($1.04M).

The fastest growing import markets in Other Clocks and Watches for Philippines between 2021 and 2022 were Switzerland ($2.32M), China ($1.03M), and Thailand ($785k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Clocks and Watches exports accounted up to $425k and imports accounted up to $44.7k, resulting in a positive trade balance of $380k. Between June 2023 and June 2024 the exports of Philippines'   Other Clocks and Watches have increased by $1.14k (0.27%) from $424k to $425k, while imports decreased by $-49.7k (-52.6%) from $94.4k to $44.7k.

Destinations In June 2024, Other Clocks and Watches were exported mostly to France ($230k), Hong Kong ($91.9k), Thailand ($90k), Japan ($11.4k), and Switzerland ($2.15k), and were imported mostly from Hong Kong ($18k), Switzerland ($9.98k), South Korea ($5.41k), Chinese Taipei ($3.38k), and Vietnam ($2.91k).

Growth In June 2024, the increase in Other Clocks and Watches's year-by-year exports was explained primarily by an increase in exports to France ($64.9k or 10.7%), Japan ($43.5k or 227%), and United States ($162 or 623%). In June 2024, the decrease in Other Clocks and Watches's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-8.2k or -89.5%) and China ($-2.55k or -68.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.14k(0.27%)
IMPORT GROWTH (June 2023 - June 2024)$-49.7k(-52.6%)
MAIN DESTINATION (June 2024)France$230k

This section shows Other Clocks and Watches'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 Other Clocks and Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13M
IMPORTS (2022)$17M
NET TRADE (2022)-$4.06M

In 2022, Philippines exported $13M in Other Clocks and Watches. The main destinations of Philippines exports on Other Clocks and Watches were France ($4.2M), Hong Kong ($3.4M), Thailand ($1.4M), Brazil ($1.37M), and Japan ($1.21M).

In 2022, Philippines imported $17M in Other Clocks and Watches, mainly from France ($5.62M), Switzerland ($3.22M), Hong Kong ($2.65M), China ($1.96M), and Thailand ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Clocks and Watches EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
France$3.94M (1.5k%)
Hong Kong$2.17M (176%)
Brazil$1.27M (1.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Clocks and Watches BY Philippines WERE (2021 - 2022):
Chinese Taipei-$536k (-86%)
China-$89.9k (-60%)
Malaysia-$33k (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Clocks and Watches were:
Switzerland $417M
China $356M
France $151M
In 2022, Philippines's main importing competitors in Other Clocks and Watches were:
Switzerland $376M
Hong Kong $242M
Japan $139M

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Trade Value of Other Clocks and Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $585k
TOP IMPORT POTENTIALChina+ $775k

Other Clocks and Watches’s highest export potential is Hong Kong. With an export gap of $585k.   Other Clocks and Watches’s highest import potential is China with an import gap of $775k.

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