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2022
Exports $43.6MWorld Rnk 41 / 219
Flag Rnk 180 / 1127
2022
Destination $3.14M Thailand
2021 - 2022
FASTEST GROWING MARKET $3.14MUnited States
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $195MWorld Rnk 37 / 220
Flag Rnk 158 / 1201
2022
Origin $6.19M China
2021 - 2022
FASTEST GROWING ORIGIN $6.19MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $43.6M in Ball Bearings, making it the 41st largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 180th most exported product in Philippines. The main destination of Ball Bearings exports from Philippines are: Thailand ($7.19M), United States ($6.71M), Indonesia ($5.38M), Italy ($3.21M), and Czechia ($2.96M).

The fastest growing export markets for Ball Bearings of Philippines between 2021 and 2022 were United States ($3.14M), Spain ($1.94M), and France ($1.44M).

Imports In 2022, Philippines imported $195M in Ball Bearings, becoming the 37th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 158th most imported product in Philippines. Philippines imports Ball Bearings primarily from: China ($43.4M), Singapore ($39.5M), Japan ($34.7M), Thailand ($32.6M), and Vietnam ($11.4M).

The fastest growing import markets in Ball Bearings for Philippines between 2021 and 2022 were China ($6.19M), Malaysia ($3.06M), and United States ($1.5M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Ball Bearings exports accounted up to $3.65M and imports accounted up to $10.4M, resulting in a negative trade balance of $6.8M. Between June 2023 and June 2024 the exports of Philippines'   Ball Bearings have increased by $1.22M (50.1%) from $2.43M to $3.65M, while imports decreased by $-3.12M (-23%) from $13.6M to $10.4M.

Destinations In June 2024, Ball Bearings were exported mostly to United States ($2.33M), Indonesia ($356k), Thailand ($209k), Czechia ($192k), and Malaysia ($142k), and were imported mostly from Thailand ($3.71M), Japan ($1.9M), Singapore ($1.46M), Vietnam ($885k), and India ($649k).

Growth In June 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to United States ($332k or 63.8%), Spain ($82.9k or 88.7%), and Malaysia ($27.4k or 139%). In June 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-848k or -32.1%), Vietnam ($-579k or -52.7%), and Hong Kong ($-323k or -50.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.22M(50.1%)
IMPORT GROWTH (June 2023 - June 2024)$-3.12M(-23%)
MAIN DESTINATION (June 2024)United States$2.33M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$43.6M
IMPORTS (2022)$195M
NET TRADE (2022)-$151M

In 2022, Philippines exported $43.6M in Ball Bearings. The main destinations of Philippines exports on Ball Bearings were Thailand ($7.19M), United States ($6.71M), Indonesia ($5.38M), Italy ($3.21M), and Czechia ($2.96M).

In 2022, Philippines imported $195M in Ball Bearings, mainly from China ($43.4M), Singapore ($39.5M), Japan ($34.7M), Thailand ($32.6M), and Vietnam ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$3.14M (87.7%)
Spain$1.94M (5.72k%)
France$1.44M (189%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Philippines WERE (2021 - 2022):
Netherlands-$2.81M (-76.9%)
Thailand-$878k (-10.9%)
Poland-$509k (-21.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Philippines's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B
China $3.34B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.15M
TOP IMPORT POTENTIALChina+ $24.1M

Ball Bearings’s highest export potential is United States. With an export gap of $6.15M.   Ball Bearings’s highest import potential is China with an import gap of $24.1M.

See methodology.

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