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2022
Exports $341MWorld Rnk 51 / 226
Flag Rnk 19 / 21
2022
Destination $13.6M Japan
2021 - 2022
FASTEST GROWING MARKET $13.6MChina
2022
PRODUCT COMPLEXITY IN Stone And Glass1.31Rnk 92 / 1025
2022
Imports $2.58BWorld Rnk 26 / 226
Flag Rnk 13 / 21
2022
Origin $440M China
2021 - 2022
FASTEST GROWING ORIGIN $440MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $341M in Stone And Glass, making it the 51st largest exporter of Stone And Glass in the world. At the same year, Stone And Glass was the 19th most exported product in Philippines. The main destination of Stone And Glass exports from Philippines are: Japan ($115M), United States ($89.7M), China ($44.2M), India ($16.4M), and Singapore ($12.2M).

The fastest growing export markets for Stone And Glass of Philippines between 2021 and 2022 were China ($13.6M), Singapore ($11.7M), and Hong Kong ($4.56M).

Imports In 2022, Philippines imported $2.58B in Stone And Glass, becoming the 26th largest importer of Stone And Glass in the world. At the same year, Stone And Glass was the 13th most imported product in Philippines. Philippines imports Stone And Glass primarily from: China ($1.93B), Japan ($145M), Thailand ($126M), Indonesia ($67.5M), and Malaysia ($53.4M).

The fastest growing import markets in Stone And Glass for Philippines between 2021 and 2022 were China ($440M), Spain ($33.5M), and Indonesia ($24.2M).

COMPANIES In 2023, leading companies such as Euromarket Designs (25), Cinmar (14), and Arhaus (3) were at the forefront of shipping Stone And Glass from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Stone And Glass exports accounted up to $31.2M and imports accounted up to $135M, resulting in a negative trade balance of $104M. Between July 2023 and July 2024 the exports of Philippines'   Stone And Glass have increased by $9.7M (45%) from $21.5M to $31.2M, while imports increased by $4M (3.05%) from $131M to $135M.

Destinations In July 2024, Stone And Glass were exported mostly to Japan ($16.1M), United States ($5.88M), China ($2.45M), Singapore ($1.94M), and Hong Kong ($847k), and were imported mostly from China ($88.4M), Thailand ($10.3M), Japan ($8.49M), Indonesia ($7.19M), and Vietnam ($3.63M).

Growth In July 2024, the increase in Stone And Glass's year-by-year exports was explained primarily by an increase in exports to Singapore ($1.76M or 42.6k%), India ($923k or 896%), and Hong Kong ($632k or 770%). In July 2024, the increase in Stone And Glass's year-by-year imports was explained primarily by an increase in imports from Thailand ($1.12M or 12.8%), United States ($671k or 72.3%), and Finland ($552k or 7.55k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$9.7M(45%)
IMPORT GROWTH (July 2023 - July 2024)$4M(3.05%)
MAIN DESTINATION (July 2024)Japan$16.1M

This section shows Stone And Glass'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 Stone And Glass over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$341M
IMPORTS (2022)$2.58B
NET TRADE (2022)-$2.24B

In 2022, Philippines exported $341M in Stone And Glass. The main destinations of Philippines exports on Stone And Glass were Japan ($115M), United States ($89.7M), China ($44.2M), India ($16.4M), and Singapore ($12.2M).

In 2022, Philippines imported $2.58B in Stone And Glass, mainly from China ($1.93B), Japan ($145M), Thailand ($126M), Indonesia ($67.5M), and Malaysia ($53.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stone And Glass EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$13.6M (44.5%)
Singapore$11.7M (2.47k%)
Hong Kong$4.56M (171%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone And Glass BY Philippines WERE (2021 - 2022):
Japan-$13.8M (-10.7%)
United States-$10.9M (-10.8%)
South Korea-$6.34M (-82.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Stone And Glass were:
China $63.1B
Germany $17.4B
Italy $13.1B
In 2022, Philippines's main importing competitors in Stone And Glass were:
United States $28.4B
Germany $14.4B
France $10.3B

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Trade Value of Stone And Glass by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.5M
TOP IMPORT POTENTIALIndia+ $26.5M

Stone And Glass’s highest export potential is United States. With an export gap of $18.5M.   Stone And Glass’s highest import potential is India with an import gap of $26.5M.

See methodology.

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