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2022
Exports $2.41MWorld Rnk 86 / 194
Flag Rnk 501 / 1127
2022
Destination $1.21M Singapore
2021 - 2022
FASTEST GROWING MARKET $1.21MSingapore
2022
PRODUCT COMPLEXITY IN Stone Processing Machines0.41Rnk 405 / 1025
2022
Imports $114MWorld Rnk 44 / 223
Flag Rnk 237 / 1201
2022
Origin $17.1M China
2021 - 2022
FASTEST GROWING ORIGIN $17.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.41M in Stone Processing Machines, making it the 86th largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 501st most exported product in Philippines. The main destination of Stone Processing Machines exports from Philippines are: Singapore ($1.22M), Japan ($220k), United States ($207k), Canada ($99.1k), and Malaysia ($98.6k).

The fastest growing export markets for Stone Processing Machines of Philippines between 2021 and 2022 were Singapore ($1.21M), United States ($117k), and Vietnam ($82.7k).

Imports In 2022, Philippines imported $114M in Stone Processing Machines, becoming the 44th largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 237th most imported product in Philippines. Philippines imports Stone Processing Machines primarily from: China ($68M), India ($6.48M), Germany ($5.15M), Singapore ($5.06M), and Japan ($4.72M).

The fastest growing import markets in Stone Processing Machines for Philippines between 2021 and 2022 were China ($17.1M), United States ($660k), and Turkey ($430k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Stone Processing Machines from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Stone Processing Machines exports accounted up to $15.9k and imports accounted up to $6.8M, resulting in a negative trade balance of $6.79M. Between August 2023 and August 2024 the exports of Philippines'   Stone Processing Machines have decreased by $-160k (-91%) from $176k to $15.9k, while imports decreased by $-2.96M (-30.3%) from $9.77M to $6.8M.

Destinations In August 2024, Stone Processing Machines were exported mostly to United States ($12.6k), Indonesia ($1.84k), Saudi Arabia ($846), and Singapore ($654), and were imported mostly from China ($3.9M), Japan ($734k), India ($476k), Germany ($325k), and Netherlands ($248k).

Growth In August 2024, the decrease in Stone Processing Machines's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Stone Processing Machines's year-by-year imports was explained primarily by a decrease in imports from China ($-3.07M or -50.4%), Germany ($-1.79M or -98.8%), and Singapore ($-543k or -86.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-160k(-91%)
IMPORT GROWTH (August 2023 - August 2024)$-2.96M(-30.3%)
MAIN DESTINATION (August 2024)United States$12.6k

This section shows Stone Processing 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 Stone Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.41M
IMPORTS (2022)$114M
NET TRADE (2022)-$112M

In 2022, Philippines exported $2.41M in Stone Processing Machines. The main destinations of Philippines exports on Stone Processing Machines were Singapore ($1.22M), Japan ($220k), United States ($207k), Canada ($99.1k), and Malaysia ($98.6k).

In 2022, Philippines imported $114M in Stone Processing Machines, mainly from China ($68M), India ($6.48M), Germany ($5.15M), Singapore ($5.06M), and Japan ($4.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$1.21M (11.6k%)
United States$117k (130%)
Vietnam$82.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY Philippines WERE (2021 - 2022):
France-$1.12M (-98.1%)
Saudi Arabia-$399k (-100%)
South Korea-$293k (-91.4%)
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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 Processing Machines were:
China $5.39B
Germany $2.15B
Italy $1.58B
In 2022, Philippines's main importing competitors in Stone Processing Machines were:
United States $2.34B
Germany $840M
Canada $831M

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $341k
TOP IMPORT POTENTIALChina+ $11.8M

Stone Processing Machines’s highest export potential is United States. With an export gap of $341k.   Stone Processing Machines’s highest import potential is China with an import gap of $11.8M.

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