Pens in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported N/A in Pens, making it the 77th largest exporter of Pens in the world. At the same year, Pens was the 736th most exported product in Philippines. The main destination of Pens exports from Philippines are: Vietnam ($122k), Japan ($41.8k), Singapore ($31.4k), Kuwait ($30.8k), and France ($15.3k).

The fastest growing export markets for Pens of Philippines between 2021 and 2022 were Vietnam ($121k), Kuwait ($25.5k), and Canada ($7.32k).

Imports In 2022, Philippines imported $67.9M in Pens, becoming the 30th largest importer of Pens in the world. At the same year, Pens was the 340th most imported product in Philippines. Philippines imports Pens primarily from: China ($36.6M), Japan ($10.3M), Vietnam ($5.54M), Malaysia ($4.73M), and South Korea ($4.06M).

The fastest growing import markets in Pens for Philippines between 2021 and 2022 were China ($16.2M), Vietnam ($4.63M), and Malaysia ($2.58M).

COMPANIES In 2023, leading companies such as Badcock Home Furniture (2) were at the forefront of shipping Pens from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Pens exports accounted up to $189 and imports accounted up to $1.47M, resulting in a negative trade balance of $1.47M. Between November 2022 and June 2024 the exports of Philippines' Pens have decreased by $-291 (-60.6%) from $480 to $189, while imports decreased by $-2.23M (-60.3%) from $3.69M to $1.47M.

Destinations In June 2024, Pens were exported mostly to Singapore ($189), and were imported mostly from Japan ($975k), South Korea ($132k), Thailand ($71.3k), Germany ($64.4k), and India ($52.5k).

Growth In June 2024, the decrease in Pens's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Pens's year-by-year imports was explained primarily by a decrease in imports from Japan ($-173k or -16%), Germany ($-132k or -69.9%), and Thailand ($-47.6k or -97.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2022 - June 2024)$-291(-60.6%)

IMPORT GROWTH (June 2023 - June 2024)$-2.23M(-60.3%)

MAIN DESTINATION (June 2024)Singapore$189

This section shows Pens'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 Pens over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

IMPORTS (2022)$67.9M

In N/A, Philippines exported N/A in Pens. The main destinations of Philippines exports on Pens were Vietnam ($122k), Japan ($41.8k), Singapore ($31.4k), Kuwait ($30.8k), and France ($15.3k).

In 2022, Philippines imported $67.9M in Pens, mainly from China ($36.6M), Japan ($10.3M), Vietnam ($5.54M), Malaysia ($4.73M), and South Korea ($4.06M).

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