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Pricing

2022
Exports $2.63MWorld Rnk 53 / 198
Flag Rnk 484 / 1127
2022
Destination $864k Germany
2021 - 2022
FASTEST GROWING MARKET $864kGermany
2022
PRODUCT COMPLEXITY IN Scales0.96Rnk 184 / 1025
2022
Imports $42MWorld Rnk 28 / 220
Flag Rnk 417 / 1201
2022
Origin $251k China
2021 - 2022
FASTEST GROWING ORIGIN $251kItaly
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.63M in Scales, making it the 53rd largest exporter of Scales in the world. At the same year, Scales was the 484th most exported product in Philippines. The main destination of Scales exports from Philippines are: Germany ($880k), United States ($633k), Malaysia ($176k), Japan ($110k), and Thailand ($103k).

The fastest growing export markets for Scales of Philippines between 2021 and 2022 were Germany ($864k), United States ($623k), and Israel ($82k).

Imports In 2022, Philippines imported $42M in Scales, becoming the 28th largest importer of Scales in the world. At the same year, Scales was the 417th most imported product in Philippines. Philippines imports Scales primarily from: China ($33.5M), Japan ($1.98M), United States ($1.23M), Chinese Taipei ($889k), and Germany ($639k).

The fastest growing import markets in Scales for Philippines between 2021 and 2022 were Italy ($251k), Chinese Taipei ($228k), and South Africa ($197k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Scales exports accounted up to $1.73M and imports accounted up to $1.91M, resulting in a negative trade balance of $179k. Between July 2023 and July 2024 the exports of Philippines'   Scales have increased by $1.71M (11.1k%) from $15.4k to $1.73M, while imports increased by $537k (39.2%) from $1.37M to $1.91M.

Destinations In July 2024, Scales were exported mostly to United States ($750k), Germany ($642k), Netherlands ($247k), Singapore ($39.4k), and Israel ($24.7k), and were imported mostly from China ($1.03M), United Kingdom ($238k), Japan ($199k), Switzerland ($129k), and Thailand ($41.6k).

Growth In July 2024, the increase in Scales's year-by-year exports was explained primarily by an increase in exports to United States ($94.3k or 306%). In July 2024, the increase in Scales's year-by-year imports was explained primarily by an increase in imports from Japan ($85.2k or 153%), United States ($43.9k or 83.2%), and France ($17.4k or 724%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.71M(11.1k%)
IMPORT GROWTH (July 2023 - July 2024)$537k(39.2%)
MAIN DESTINATION (July 2024)United States$750k

This section shows Scales'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 Scales over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.63M
IMPORTS (2022)$42M
NET TRADE (2022)-$39.4M

In 2022, Philippines exported $2.63M in Scales. The main destinations of Philippines exports on Scales were Germany ($880k), United States ($633k), Malaysia ($176k), Japan ($110k), and Thailand ($103k).

In 2022, Philippines imported $42M in Scales, mainly from China ($33.5M), Japan ($1.98M), United States ($1.23M), Chinese Taipei ($889k), and Germany ($639k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scales EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$864k (5.7k%)
United States$623k (6.06k%)
Israel$82k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scales BY Philippines WERE (2021 - 2022):
Japan-$258k (-70%)
Malaysia-$100k (-36.3%)
Thailand-$42.2k (-29.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Scales were:
China $1.91B
Germany $683M
Japan $297M
In 2022, Philippines's main importing competitors in Scales were:
United States $871M
Germany $296M
Netherlands $285M

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Trade Value of Scales by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $608k
TOP IMPORT POTENTIALJapan+ $1.16M

Scales’s highest export potential is United States. With an export gap of $608k.   Scales’s highest import potential is Japan with an import gap of $1.16M.

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