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2022
Exports $26.1MWorld Rnk 9 / 100
Flag Rnk 232 / 1127
2022
Destination $5.86M Japan
2021 - 2022
FASTEST GROWING MARKET $5.86MHong Kong
2022
PRODUCT COMPLEXITY IN Pearls0.23Rnk 478 / 1025
2022
Imports $967kWorld Rnk 26 / 152
Flag Rnk 1002 / 1201
2022
Origin $363k Hong Kong
2021 - 2022
FASTEST GROWING ORIGIN $363kHong Kong
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $26.1M in Pearls, making it the 9th largest exporter of Pearls in the world. At the same year, Pearls was the 232nd most exported product in Philippines. The main destination of Pearls exports from Philippines are: Japan ($15.6M), Hong Kong ($8.86M), United States ($550k), Thailand ($293k), and Australia ($291k).

The fastest growing export markets for Pearls of Philippines between 2021 and 2022 were Hong Kong ($5.86M), Australia ($234k), and Brazil ($72k).

Imports In 2022, Philippines imported $967k in Pearls, becoming the 26th largest importer of Pearls in the world. At the same year, Pearls was the 1002nd most imported product in Philippines. Philippines imports Pearls primarily from: Hong Kong ($873k), United States ($40.7k), China ($28.4k), French Polynesia ($13.1k), and Japan ($8.1k).

The fastest growing import markets in Pearls for Philippines between 2021 and 2022 were Hong Kong ($363k), United States ($31.5k), and French Polynesia ($13.1k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Pearls exports accounted up to $579k and imports accounted up to $32.3k, resulting in a positive trade balance of $547k. Between August 2023 and August 2024 the exports of Philippines'   Pearls have decreased by $-1.48M (-71.9%) from $2.06M to $579k, while imports increased by $31.5k (3.86k%) from $814 to $32.3k.

Destinations In August 2024, Pearls were exported mostly to Hong Kong ($579k) and United States ($633), and were imported mostly from Japan ($31.8k) and Netherlands ($426).

Growth In August 2024, the decrease in Pearls's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Pearls's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.48M(-71.9%)
IMPORT GROWTH (May 2023 - August 2024)$31.5k(3.86k%)
MAIN DESTINATION (August 2024)Hong Kong$579k

This section shows Pearls'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 Pearls over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.1M
IMPORTS (2022)$967k
NET TRADE (2022)$25.1M

In 2022, Philippines exported $26.1M in Pearls. The main destinations of Philippines exports on Pearls were Japan ($15.6M), Hong Kong ($8.86M), United States ($550k), Thailand ($293k), and Australia ($291k).

In 2022, Philippines imported $967k in Pearls, mainly from Hong Kong ($873k), United States ($40.7k), China ($28.4k), French Polynesia ($13.1k), and Japan ($8.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pearls EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$5.86M (196%)
Australia$234k (404%)
Brazil$72k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pearls BY Philippines WERE (2021 - 2022):
Japan-$4.84M (-23.7%)
United States-$1.24M (-69.3%)
United Kingdom-$107k (-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 Pearls were:
Japan $211M
China $101M
Indonesia $96.3M
In 2022, Philippines's main importing competitors in Pearls were:
Hong Kong $290M
Japan $151M
United States $69.5M

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Trade Value of Pearls by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $683k
TOP IMPORT POTENTIALJapan+ $25.8k

Pearls’s highest export potential is United States. With an export gap of $683k.   Pearls’s highest import potential is Japan with an import gap of $25.8k.

See methodology.

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