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2022
Exports $186kWorld Rnk 58 / 142
Flag Rnk 780 / 1127
2022
Destination $30.9k Indonesia
2021 - 2022
FASTEST GROWING MARKET $30.9kIndonesia
2022
PRODUCT COMPLEXITY IN Tool Plates1.66Rnk 31 / 1025
2022
Imports $8.89MWorld Rnk 53 / 188
Flag Rnk 741 / 1201
2022
Origin $2.36M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $2.36MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $186k in Tool Plates, making it the 58th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 780th most exported product in Philippines. The main destination of Tool Plates exports from Philippines are: Indonesia ($76.9k), Japan ($40.2k), Malaysia ($29.4k), Oman ($17.7k), and Thailand ($13.8k).

The fastest growing export markets for Tool Plates of Philippines between 2021 and 2022 were Indonesia ($30.9k), Malaysia ($25.2k), and Oman ($17.7k).

Imports In 2022, Philippines imported $8.89M in Tool Plates, becoming the 53rd largest importer of Tool Plates in the world. At the same year, Tool Plates was the 741st most imported product in Philippines. Philippines imports Tool Plates primarily from: Singapore ($4.41M), Japan ($1.64M), Israel ($952k), South Korea ($842k), and China ($343k).

The fastest growing import markets in Tool Plates for Philippines between 2021 and 2022 were Singapore ($2.36M), South Korea ($162k), and India ($52.7k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Tool Plates exports accounted up to $175 and imports accounted up to $827k, resulting in a negative trade balance of $827k. Between May 2021 and September 2024 the exports of Philippines'   Tool Plates have increased by $127 (265%) from $48 to $175, while imports increased by $234k (39.4%) from $593k to $827k.

Destinations In September 2024, Tool Plates were exported mostly to Australia ($175), and were imported mostly from Singapore ($287k), Japan ($154k), China ($152k), Israel ($84k), and United States ($66.6k).

Growth In September 2024, the increase in Tool Plates's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Tool Plates's year-by-year imports was explained primarily by an increase in imports from Singapore ($95.2k or 118%), Israel ($42.9k or 145%), and United States ($30.9k or 191%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2021 - September 2024)$127(265%)
IMPORT GROWTH (September 2023 - September 2024)$234k(39.4%)
MAIN DESTINATION (September 2024)Australia$175

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$186k
IMPORTS (2022)$8.89M
NET TRADE (2022)-$8.71M

In 2022, Philippines exported $186k in Tool Plates. The main destinations of Philippines exports on Tool Plates were Indonesia ($76.9k), Japan ($40.2k), Malaysia ($29.4k), Oman ($17.7k), and Thailand ($13.8k).

In 2022, Philippines imported $8.89M in Tool Plates, mainly from Singapore ($4.41M), Japan ($1.64M), Israel ($952k), South Korea ($842k), and China ($343k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$30.9k (67.3%)
Malaysia$25.2k (597%)
Oman$17.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Philippines WERE (2021 - 2022):
Singapore-$146k (-98.4%)
Japan-$54.6k (-57.6%)
United Kingdom-$17.6k (-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 Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Philippines's main importing competitors in Tool Plates were:
United States $879M
Netherlands $780M
Germany $615M

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $47k
TOP IMPORT POTENTIALJapan+ $1.13M

Tool Plates’s highest export potential is Japan. With an export gap of $47k.   Tool Plates’s highest import potential is Japan with an import gap of $1.13M.

See methodology.

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