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2023
Exports $1.14MWorld Rnk 35 / 172
Flag Rnk 563 / 1123
2023
Destination $14.6k United States
2022 - 2023
FASTEST GROWING MARKET $14.6kJapan
2023
PRODUCT COMPLEXITY IN Artificial Vegetation-0.64Rnk 743 / 1025
2023
Imports $18.1MWorld Rnk 35 / 220
Flag Rnk 535 / 1202
2023
Origin $3.97M China
2022 - 2023
FASTEST GROWING ORIGIN $3.97MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.14M in Artificial Vegetation, making it the 35th largest exporter of Artificial Vegetation in the world. At the same year, Artificial Vegetation was the 563rd most exported product in Philippines. The main destination of Artificial Vegetation exports from Philippines are: United States ($769k), Belgium ($84k), United Arab Emirates ($69.4k), Italy ($30.8k), and Japan ($30.8k).

The fastest growing export markets for Artificial Vegetation of Philippines between 2022 and 2023 were Japan ($14.6k), Russia ($10.4k), and United Kingdom ($6.01k).

Imports In 2023, Philippines imported $18.1M in Artificial Vegetation, becoming the 35th largest importer of Artificial Vegetation in the world. At the same year, Artificial Vegetation was the 535th most imported product in Philippines. Philippines imports Artificial Vegetation primarily from: China ($17.6M), Japan ($293k), Chinese Taipei ($54.8k), United States ($53.1k), and Malaysia ($44.1k).

The fastest growing import markets in Artificial Vegetation for Philippines between 2022 and 2023 were China ($3.97M), Japan ($282k), and Chinese Taipei ($37.1k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Artificial Vegetation exports accounted up to $64.3k and imports accounted up to $2.01M, resulting in a negative trade balance of $1.94M. Between March 2023 and July 2024 the exports of Philippines'   Artificial Vegetation have increased by $28.8k (81.1%) from $35.5k to $64.3k, while imports increased by $862k (75.3%) from $1.15M to $2.01M.

Destinations In July 2024, Artificial Vegetation were exported mostly to United States ($46.6k), Germany ($15.4k), Ireland ($1.19k), and Cyprus ($1.15k), and were imported mostly from China ($1.99M), Chinese Taipei ($8.98k), Malaysia ($6.8k), Japan ($1.07k), and United States ($327).

Growth In July 2024, the increase in Artificial Vegetation's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Artificial Vegetation's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - July 2024)$28.8k(81.1%)
IMPORT GROWTH (July 2023 - July 2024)$862k(75.3%)
MAIN DESTINATION (July 2024)United States$46.6k

This section shows Artificial Vegetation'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 Artificial Vegetation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.14M
IMPORTS (2023)$18.1M
NET TRADE (2023)-$17M

In 2023, Philippines exported $1.14M in Artificial Vegetation. The main destinations of Philippines exports on Artificial Vegetation were United States ($769k), Belgium ($84k), United Arab Emirates ($69.4k), Italy ($30.8k), and Japan ($30.8k).

In 2023, Philippines imported $18.1M in Artificial Vegetation, mainly from China ($17.6M), Japan ($293k), Chinese Taipei ($54.8k), United States ($53.1k), and Malaysia ($44.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Vegetation EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$14.6k (89.6%)
Russia$10.4k (1%)
United Kingdom$6.01k (180%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Vegetation BY Philippines WERE (2022 - 2023):
United States-$560k (-42.2%)
United Arab Emirates-$70.3k (-50.3%)
Hungary-$70.2k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Artificial Vegetation were:
China $3.09B
Netherlands $75.4M
Germany $48.2M
In 2023, Philippines's main importing competitors in Artificial Vegetation were:
United States $1.06B
Russia $188M
Germany $139M

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Trade Value of Artificial Vegetation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $913k
TOP IMPORT POTENTIALChina+ $4.12M

Artificial Vegetation’s highest export potential is United States. With an export gap of $913k.   Artificial Vegetation’s highest import potential is China with an import gap of $4.12M.

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