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2023
Exports $8.64MWorld Rnk 49 / 175
Flag Rnk 336 / 1123
2023
Destination $400k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $400kHong Kong
2023
PRODUCT COMPLEXITY IN Bandages0.86Rnk 224 / 1025
2023
Imports $35.1MWorld Rnk 44 / 221
Flag Rnk 404 / 1202
2023
Origin $752k China
2022 - 2023
FASTEST GROWING ORIGIN $752kSouth Korea
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $8.64M in Bandages, making it the 49th largest exporter of Bandages in the world. At the same year, Bandages was the 336th most exported product in Philippines. The main destination of Bandages exports from Philippines are: Hong Kong ($2.61M), Japan ($2.59M), United States ($928k), Netherlands ($506k), and Malaysia ($413k).

The fastest growing export markets for Bandages of Philippines between 2022 and 2023 were Hong Kong ($400k), Poland ($180k), and South Africa ($74k).

Imports In 2023, Philippines imported $35.1M in Bandages, becoming the 44th largest importer of Bandages in the world. At the same year, Bandages was the 404th most imported product in Philippines. Philippines imports Bandages primarily from: China ($15.1M), Vietnam ($4.71M), Japan ($3.2M), Singapore ($2.81M), and United States ($2.18M).

The fastest growing import markets in Bandages for Philippines between 2022 and 2023 were South Korea ($752k), United States ($671k), and China ($484k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Bandages exports accounted up to $2.46k and imports accounted up to $5.1M, resulting in a negative trade balance of $5.09M. Between June 2023 and July 2024 the exports of Philippines'   Bandages have increased by $151 (6.55%) from $2.3k to $2.46k, while imports increased by $2.69M (111%) from $2.41M to $5.1M.

Destinations In July 2024, Bandages were exported mostly to United Arab Emirates ($2.46k), and were imported mostly from China ($2.44M), Vietnam ($961k), United States ($454k), Japan ($371k), and Singapore ($174k).

Growth In July 2024, the increase in Bandages's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Bandages's year-by-year imports was explained primarily by an increase in imports from Singapore ($153k or 81.7%), United States ($141k or 148%), and Germany ($87.5k or 756%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$151(6.55%)
IMPORT GROWTH (July 2023 - July 2024)$2.69M(111%)
MAIN DESTINATION (July 2024)United Arab Emirates$2.46k

This section shows Bandages'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 Bandages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.64M
IMPORTS (2023)$35.1M
NET TRADE (2023)-$26.5M

In 2023, Philippines exported $8.64M in Bandages. The main destinations of Philippines exports on Bandages were Hong Kong ($2.61M), Japan ($2.59M), United States ($928k), Netherlands ($506k), and Malaysia ($413k).

In 2023, Philippines imported $35.1M in Bandages, mainly from China ($15.1M), Vietnam ($4.71M), Japan ($3.2M), Singapore ($2.81M), and United States ($2.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Hong Kong$400k (18.1%)
Poland$180k (28.5k%)
South Africa$74k (9.69k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Philippines WERE (2022 - 2023):
United States-$3.17M (-77.4%)
Japan-$1.05M (-28.9%)
Malaysia-$633k (-60.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Bandages were:
China $2.61B
United States $1.07B
Germany $951M
In 2023, Philippines's main importing competitors in Bandages were:
United States $1.61B
Germany $1.02B
Netherlands $700M

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.6M
TOP IMPORT POTENTIALChina+ $6.93M

Bandages’s highest export potential is United States. With an export gap of $2.6M.   Bandages’s highest import potential is China with an import gap of $6.93M.

See methodology.

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