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2022
Exports $254kWorld Rnk 65 / 136
Flag Rnk 754 / 1127
2022
Destination $74.3k Thailand
2021 - 2022
FASTEST GROWING MARKET $74.3kSpain
2022
PRODUCT COMPLEXITY IN Papermaking Machines1.4Rnk 70 / 1025
2022
Imports $11.2MWorld Rnk 56 / 192
Flag Rnk 693 / 1201
2022
Origin $322k China
2021 - 2022
FASTEST GROWING ORIGIN $322kChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $254k in Papermaking Machines, making it the 65th largest exporter of Papermaking Machines in the world. At the same year, Papermaking Machines was the 754th most exported product in Philippines. The main destination of Papermaking Machines exports from Philippines are: Thailand ($128k), Spain ($74.3k), Japan ($11.6k), Chinese Taipei ($10k), and China ($8.84k).

The fastest growing export markets for Papermaking Machines of Philippines between 2021 and 2022 were Spain ($74.3k), Oman ($6.26k), and Japan ($5.66k).

Imports In 2022, Philippines imported $11.2M in Papermaking Machines, becoming the 56th largest importer of Papermaking Machines in the world. At the same year, Papermaking Machines was the 693rd most imported product in Philippines. Philippines imports Papermaking Machines primarily from: China ($6.15M), Chinese Taipei ($1.48M), India ($497k), United States ($434k), and Sweden ($415k).

The fastest growing import markets in Papermaking Machines for Philippines between 2021 and 2022 were Chinese Taipei ($322k), South Korea ($136k), and Spain ($101k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Papermaking Machines exports accounted up to $243k and imports accounted up to $97.1k, resulting in a positive trade balance of $146k. Between March 2023 and June 2024 the exports of Philippines'   Papermaking Machines have decreased by $-481k (-66.4%) from $724k to $243k, while imports decreased by $-1.32M (-93.2%) from $1.42M to $97.1k.

Destinations In June 2024, Papermaking Machines were exported mostly to Thailand ($232k) and Indonesia ($10.8k), and were imported mostly from Chinese Taipei ($27.8k), United Kingdom ($25.5k), Germany ($19.2k), Thailand ($10.3k), and Japan ($10.2k).

Growth In June 2024, the decrease in Papermaking Machines's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Papermaking Machines's year-by-year imports was explained primarily by a decrease in imports from Finland ($-86.1k or -57.6%), Thailand ($-49.4k or -49.6%), and Japan ($-5.17k or -28.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - June 2024)$-481k(-66.4%)
IMPORT GROWTH (June 2023 - June 2024)$-1.32M(-93.2%)
MAIN DESTINATION (June 2024)Thailand$232k

This section shows Papermaking 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 Papermaking Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$254k
IMPORTS (2022)$11.2M
NET TRADE (2022)-$11M

In 2022, Philippines exported $254k in Papermaking Machines. The main destinations of Philippines exports on Papermaking Machines were Thailand ($128k), Spain ($74.3k), Japan ($11.6k), Chinese Taipei ($10k), and China ($8.84k).

In 2022, Philippines imported $11.2M in Papermaking Machines, mainly from China ($6.15M), Chinese Taipei ($1.48M), India ($497k), United States ($434k), and Sweden ($415k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Papermaking Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Spain$74.3k (1%)
Oman$6.26k (1%)
Japan$5.66k (95.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Papermaking Machines BY Philippines WERE (2021 - 2022):
Germany-$177k (-100%)
Thailand-$101k (-44.1%)
China-$21.2k (-70.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Papermaking Machines were:
China $1.2B
Germany $1.05B
Finland $816M
In 2022, Philippines's main importing competitors in Papermaking Machines were:
China $741M
United States $583M
Germany $318M

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Trade Value of Papermaking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $26.1k
TOP IMPORT POTENTIALChina+ $1.82M

Papermaking Machines’s highest export potential is Thailand. With an export gap of $26.1k.   Papermaking Machines’s highest import potential is China with an import gap of $1.82M.

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