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2022
Exports $1.54MWorld Rnk 37 / 164
Flag Rnk 562 / 1127
2022
Destination $96.1k United States
2021 - 2022
FASTEST GROWING MARKET $96.1kBelgium
2022
PRODUCT COMPLEXITY IN Artificial Vegetation-0.24Rnk 627 / 1025
2022
Imports $47.9MWorld Rnk 24 / 218
Flag Rnk 391 / 1201
2022
Origin $25.4M China
2021 - 2022
FASTEST GROWING ORIGIN $25.4MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.54M in Artificial Vegetation, making it the 37th largest exporter of Artificial Vegetation in the world. At the same year, Artificial Vegetation was the 562nd most exported product in Philippines. The main destination of Artificial Vegetation exports from Philippines are: United States ($938k), United Arab Emirates ($128k), Belgium ($102k), Kuwait ($78.4k), and Hungary ($69k).

The fastest growing export markets for Artificial Vegetation of Philippines between 2021 and 2022 were Belgium ($96.1k), United States ($77.2k), and Hungary ($69k).

Imports In 2022, Philippines imported $47.9M in Artificial Vegetation, becoming the 24th largest importer of Artificial Vegetation in the world. At the same year, Artificial Vegetation was the 391st most imported product in Philippines. Philippines imports Artificial Vegetation primarily from: China ($47.6M), Malaysia ($134k), Vietnam ($57.3k), Thailand ($37.8k), and United States ($30k).

The fastest growing import markets in Artificial Vegetation for Philippines between 2021 and 2022 were China ($25.4M), Malaysia ($95.3k), and Vietnam ($57.3k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Artificial Vegetation exports accounted up to $16.3k and imports accounted up to $1.65M, resulting in a negative trade balance of $1.64M. Between April 2023 and August 2024 the exports of Philippines'   Artificial Vegetation have decreased by $-10.2k (-38.6%) from $26.6k to $16.3k, while imports increased by $355k (27.3%) from $1.3M to $1.65M.

Destinations In August 2024, Artificial Vegetation were exported mostly to United States ($16.3k), and were imported mostly from China ($1.65M), Chinese Taipei ($4.44k), Japan ($2.17k), United States ($348), and Hong Kong ($76).

Growth In August 2024, the decrease in Artificial Vegetation's year-by-year exports was explained primarily by a decrease in exports to . In August 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 (April 2023 - August 2024)$-10.2k(-38.6%)
IMPORT GROWTH (August 2023 - August 2024)$355k(27.3%)
MAIN DESTINATION (August 2024)United States$16.3k

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 (2022)$1.54M
IMPORTS (2022)$47.9M
NET TRADE (2022)-$46.4M

In 2022, Philippines exported $1.54M in Artificial Vegetation. The main destinations of Philippines exports on Artificial Vegetation were United States ($938k), United Arab Emirates ($128k), Belgium ($102k), Kuwait ($78.4k), and Hungary ($69k).

In 2022, Philippines imported $47.9M in Artificial Vegetation, mainly from China ($47.6M), Malaysia ($134k), Vietnam ($57.3k), Thailand ($37.8k), and United States ($30k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Vegetation EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Belgium$96.1k (1.62k%)
United States$77.2k (8.97%)
Hungary$69k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Vegetation BY Philippines WERE (2021 - 2022):
Italy-$40.7k (-49.3%)
Tunisia-$35.3k (-100%)
Germany-$33.4k (-86%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Artificial Vegetation were:
China $5.46B
Netherlands $112M
Germany $85.9M
In 2022, Philippines's main importing competitors in Artificial Vegetation were:
United States $2.32B
Germany $263M
United Kingdom $255M

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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.

See methodology.

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