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2022
Exports $493kWorld Rnk 65 / 183
Flag Rnk 669 / 1127
2022
Destination $62.4k Australia
2021 - 2022
FASTEST GROWING MARKET $62.4kChina
2022
PRODUCT COMPLEXITY IN Abrasive Powder1.09Rnk 137 / 1025
2022
Imports $31.8MWorld Rnk 36 / 224
Flag Rnk 483 / 1201
2022
Origin $1.98M China
2021 - 2022
FASTEST GROWING ORIGIN $1.98MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $493k in Abrasive Powder, making it the 65th largest exporter of Abrasive Powder in the world. At the same year, Abrasive Powder was the 669th most exported product in Philippines. The main destination of Abrasive Powder exports from Philippines are: Australia ($101k), China ($93.7k), Vietnam ($49.6k), Germany ($49.3k), and Singapore ($47.9k).

The fastest growing export markets for Abrasive Powder of Philippines between 2021 and 2022 were China ($62.4k), Singapore ($36.3k), and Australia ($14.4k).

Imports In 2022, Philippines imported $31.8M in Abrasive Powder, becoming the 36th largest importer of Abrasive Powder in the world. At the same year, Abrasive Powder was the 483rd most imported product in Philippines. Philippines imports Abrasive Powder primarily from: China ($8.76M), Japan ($6.81M), South Korea ($5.26M), Thailand ($4.45M), and Malaysia ($1.8M).

The fastest growing import markets in Abrasive Powder for Philippines between 2021 and 2022 were South Korea ($1.98M), Thailand ($1.01M), and Japan ($777k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Abrasive Powder exports accounted up to $1.72k and imports accounted up to $2.33M, resulting in a negative trade balance of $2.32M. Between May 2022 and July 2024 the exports of Philippines'   Abrasive Powder have decreased by $-4.74k (-73.3%) from $6.46k to $1.72k, while imports decreased by $-538k (-18.8%) from $2.86M to $2.33M.

Destinations In July 2024, Abrasive Powder were exported mostly to Indonesia ($1.18k) and China ($540), and were imported mostly from China ($749k), Thailand ($723k), South Korea ($288k), Japan ($157k), and Finland ($118k).

Growth In July 2024, the decrease in Abrasive Powder's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Abrasive Powder's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-45.5k or -71.1%), Malaysia ($-9.43k or -14.4%), and South Korea ($-7.43k or -2.38%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - July 2024)$-4.74k(-73.3%)
IMPORT GROWTH (July 2023 - July 2024)$-538k(-18.8%)
MAIN DESTINATION (July 2024)Indonesia$1.18k

This section shows Abrasive Powder'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 Abrasive Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$493k
IMPORTS (2022)$31.8M
NET TRADE (2022)-$31.3M

In 2022, Philippines exported $493k in Abrasive Powder. The main destinations of Philippines exports on Abrasive Powder were Australia ($101k), China ($93.7k), Vietnam ($49.6k), Germany ($49.3k), and Singapore ($47.9k).

In 2022, Philippines imported $31.8M in Abrasive Powder, mainly from China ($8.76M), Japan ($6.81M), South Korea ($5.26M), Thailand ($4.45M), and Malaysia ($1.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Abrasive Powder EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$62.4k (200%)
Singapore$36.3k (313%)
Australia$14.4k (16.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Abrasive Powder BY Philippines WERE (2021 - 2022):
India-$50k (-100%)
Chinese Taipei-$34.4k (-63%)
United Kingdom-$12.5k (-33.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Abrasive Powder were:
Germany $883M
China $707M
United States $605M
In 2022, Philippines's main importing competitors in Abrasive Powder were:
United States $604M
Germany $585M
Poland $340M

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Trade Value of Abrasive Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $138k
TOP IMPORT POTENTIALChina+ $2.28M

Abrasive Powder’s highest export potential is China. With an export gap of $138k.   Abrasive Powder’s highest import potential is China with an import gap of $2.28M.

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