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2022
Exports $1.06MWorld Rnk 48 / 130
Flag Rnk 601 / 1127
2022
Destination $436k United States
2021 - 2022
FASTEST GROWING MARKET $436kUnited States
2022
PRODUCT COMPLEXITY IN Tobacco Processing Machines-0.19Rnk 613 / 1025
2022
Imports $29.3MWorld Rnk 13 / 175
Flag Rnk 502 / 1201
2022
Origin $6.53M Germany
2021 - 2022
FASTEST GROWING ORIGIN $6.53MBangladesh
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.06M in Tobacco Processing Machines, making it the 48th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 601st most exported product in Philippines. The main destination of Tobacco Processing Machines exports from Philippines are: United States ($436k), Singapore ($279k), United Arab Emirates ($219k), Dominican Republic ($71.5k), and Bangladesh ($24.3k).

The fastest growing export markets for Tobacco Processing Machines of Philippines between 2021 and 2022 were United States ($436k), United Arab Emirates ($218k), and Singapore ($35.3k).

Imports In 2022, Philippines imported $29.3M in Tobacco Processing Machines, becoming the 13th largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 502nd most imported product in Philippines. Philippines imports Tobacco Processing Machines primarily from: Germany ($14.4M), Bangladesh ($6.53M), Netherlands ($2.73M), United States ($923k), and Indonesia ($833k).

The fastest growing import markets in Tobacco Processing Machines for Philippines between 2021 and 2022 were Bangladesh ($6.53M), Germany ($2.72M), and United States ($739k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Tobacco Processing Machines exports accounted up to $30k and imports accounted up to $5.6M, resulting in a negative trade balance of $5.57M. Between February 2023 and June 2024 the exports of Philippines'   Tobacco Processing Machines have increased by $10k (50%) from $20k to $30k, while imports increased by $4.21M (301%) from $1.4M to $5.6M.

Destinations In June 2024, Tobacco Processing Machines were exported mostly to , and were imported mostly from Germany ($4.68M), Italy ($242k), China ($236k), Netherlands ($136k), and Switzerland ($109k).

Growth In June 2024, the increase in Tobacco Processing Machines's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Tobacco Processing Machines's year-by-year imports was explained primarily by an increase in imports from Singapore ($2.49M or 5.12k%), Italy ($211k or 97.3%), and China ($109k or 3.02k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - June 2024)$10k(50%)
IMPORT GROWTH (July 2023 - July 2024)$4.21M(301%)
MAIN DESTINATION (June 2024)

This section shows Tobacco 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 Tobacco Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.06M
IMPORTS (2022)$29.3M
NET TRADE (2022)-$28.2M

In 2022, Philippines exported $1.06M in Tobacco Processing Machines. The main destinations of Philippines exports on Tobacco Processing Machines were United States ($436k), Singapore ($279k), United Arab Emirates ($219k), Dominican Republic ($71.5k), and Bangladesh ($24.3k).

In 2022, Philippines imported $29.3M in Tobacco Processing Machines, mainly from Germany ($14.4M), Bangladesh ($6.53M), Netherlands ($2.73M), United States ($923k), and Indonesia ($833k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$436k (1%)
United Arab Emirates$218k (20.7k%)
Singapore$35.3k (14.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY Philippines WERE (2021 - 2022):
Indonesia-$254k (-100%)
Cuba-$81.3k (-100%)
Japan-$70.8k (-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 Tobacco Processing Machines were:
Germany $358M
Italy $199M
Netherlands $77.9M
In 2022, Philippines's main importing competitors in Tobacco Processing Machines were:
Indonesia $97.3M
China $90.5M
United States $83.3M

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $11.6k
TOP IMPORT POTENTIALIndonesia+ $102k

Tobacco Processing Machines’s highest export potential is Singapore. With an export gap of $11.6k.   Tobacco Processing Machines’s highest import potential is Indonesia with an import gap of $102k.

See methodology.

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