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2022
Exports $405kWorld Rnk 48 / 172
Flag Rnk 690 / 1127
2022
Destination $147k Japan
2021 - 2022
FASTEST GROWING MARKET $147kIndonesia
2022
PRODUCT COMPLEXITY IN Other Cutlery-0.49Rnk 697 / 1025
2022
Imports $20MWorld Rnk 22 / 219
Flag Rnk 574 / 1201
2022
Origin $3.67M China
2021 - 2022
FASTEST GROWING ORIGIN $3.67MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $405k in Other Cutlery, making it the 48th largest exporter of Other Cutlery in the world. At the same year, Other Cutlery was the 690th most exported product in Philippines. The main destination of Other Cutlery exports from Philippines are: Japan ($200k), Indonesia ($147k), United Kingdom ($16.1k), United Arab Emirates ($12.6k), and Malaysia ($8.69k).

The fastest growing export markets for Other Cutlery of Philippines between 2021 and 2022 were Indonesia ($147k), United Kingdom ($16.1k), and Malaysia ($8.69k).

Imports In 2022, Philippines imported $20M in Other Cutlery, becoming the 22nd largest importer of Other Cutlery in the world. At the same year, Other Cutlery was the 574th most imported product in Philippines. Philippines imports Other Cutlery primarily from: China ($19.2M), Vietnam ($278k), Germany ($122k), South Korea ($107k), and Chinese Taipei ($86.1k).

The fastest growing import markets in Other Cutlery for Philippines between 2021 and 2022 were China ($3.67M), Vietnam ($230k), and Germany ($57.2k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Other Cutlery exports accounted up to $23.5k and imports accounted up to $258k, resulting in a negative trade balance of $234k. Between October 2023 and October 2024 the exports of Philippines'   Other Cutlery have decreased by $-7.7k (-24.7%) from $31.2k to $23.5k, while imports decreased by $-109k (-29.8%) from $367k to $258k.

Destinations In October 2024, Other Cutlery were exported mostly to Japan ($20.2k), United Arab Emirates ($1.92k), Brunei ($1.15k), and Italy ($183), and were imported mostly from China ($250k), Switzerland ($2.48k), Japan ($2.08k), Pakistan ($1.98k), and Brazil ($738).

Growth In October 2024, the decrease in Other Cutlery's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Other Cutlery's year-by-year imports was explained primarily by a decrease in imports from China ($-109k or -33.5%) and Vietnam ($-98k or -98.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-7.7k(-24.7%)
IMPORT GROWTH (October 2023 - October 2024)$-109k(-29.8%)
MAIN DESTINATION (October 2024)Japan$20.2k

This section shows Other Cutlery'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 Cutlery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$405k
IMPORTS (2022)$20M
NET TRADE (2022)-$19.6M

In 2022, Philippines exported $405k in Other Cutlery. The main destinations of Philippines exports on Other Cutlery were Japan ($200k), Indonesia ($147k), United Kingdom ($16.1k), United Arab Emirates ($12.6k), and Malaysia ($8.69k).

In 2022, Philippines imported $20M in Other Cutlery, mainly from China ($19.2M), Vietnam ($278k), Germany ($122k), South Korea ($107k), and Chinese Taipei ($86.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Cutlery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$147k (86.5k%)
United Kingdom$16.1k (1%)
Malaysia$8.69k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Cutlery BY Philippines WERE (2021 - 2022):
Japan-$27.2k (-12%)
Kuwait-$5.83k (-63.8%)
Vietnam-$2.99k (-100%)
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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 Cutlery were:
China $940M
Germany $76.4M
United States $30.7M
In 2022, Philippines's main importing competitors in Other Cutlery were:
United States $230M
Germany $70.6M
Malaysia $53.9M

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Trade Value of Other Cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $15.1k
TOP IMPORT POTENTIALVietnam+ $253k

Other Cutlery’s highest export potential is United Kingdom. With an export gap of $15.1k.   Other Cutlery’s highest import potential is Vietnam with an import gap of $253k.

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