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2022
Exports $20.5MWorld Rnk 39 / 177
Flag Rnk 255 / 1127
2022
Destination $2.07M Japan
2021 - 2022
FASTEST GROWING MARKET $2.07MUnited States
2022
PRODUCT COMPLEXITY IN Bandages0.96Rnk 187 / 1025
2022
Imports $39.3MWorld Rnk 42 / 221
Flag Rnk 433 / 1201
2022
Origin $3.94M China
2021 - 2022
FASTEST GROWING ORIGIN $3.94MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $20.5M in Bandages, making it the 39th largest exporter of Bandages in the world. At the same year, Bandages was the 255th most exported product in Philippines. The main destination of Bandages exports from Philippines are: Japan ($7.41M), United States ($6.55M), Hong Kong ($2.21M), Netherlands ($1.47M), and Malaysia ($1.06M).

The fastest growing export markets for Bandages of Philippines between 2021 and 2022 were United States ($2.07M), Malaysia ($655k), and Netherlands ($354k).

Imports In 2022, Philippines imported $39.3M in Bandages, becoming the 42nd largest importer of Bandages in the world. At the same year, Bandages was the 433rd most imported product in Philippines. Philippines imports Bandages primarily from: China ($18.5M), Vietnam ($6.88M), Singapore ($3.4M), Thailand ($2M), and South Korea ($1.4M).

The fastest growing import markets in Bandages for Philippines between 2021 and 2022 were China ($3.94M), Vietnam ($3.02M), and Singapore ($1.47M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Bandages exports accounted up to $5.24k and imports accounted up to $4.87M, resulting in a negative trade balance of $4.87M. Between August 2023 and September 2024 the exports of Philippines'   Bandages have decreased by $-14.3k (-73.2%) from $19.6k to $5.24k, while imports increased by $2.04M (71.8%) from $2.84M to $4.87M.

Destinations In September 2024, Bandages were exported mostly to Australia ($2.87k), South Korea ($1.21k), Kenya ($832), and Papua New Guinea ($324), and were imported mostly from China ($1.95M), Vietnam ($784k), Colombia ($779k), Japan ($207k), and United States ($200k).

Growth In September 2024, the decrease in Bandages's year-by-year exports was explained primarily by a decrease in exports to . In September 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 (August 2023 - September 2024)$-14.3k(-73.2%)
IMPORT GROWTH (September 2023 - September 2024)$2.04M(71.8%)
MAIN DESTINATION (September 2024)Australia$2.87k

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 (2022)$20.5M
IMPORTS (2022)$39.3M
NET TRADE (2022)-$18.9M

In 2022, Philippines exported $20.5M in Bandages. The main destinations of Philippines exports on Bandages were Japan ($7.41M), United States ($6.55M), Hong Kong ($2.21M), Netherlands ($1.47M), and Malaysia ($1.06M).

In 2022, Philippines imported $39.3M in Bandages, mainly from China ($18.5M), Vietnam ($6.88M), Singapore ($3.4M), Thailand ($2M), and South Korea ($1.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$2.07M (46.3%)
Malaysia$655k (163%)
Netherlands$354k (31.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Philippines WERE (2021 - 2022):
Japan-$839k (-10.2%)
Hong Kong-$467k (-17.4%)
Nigeria-$175k (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Bandages were:
China $2.84B
United States $1.04B
Germany $861M
In 2022, Philippines's main importing competitors in Bandages were:
United States $1.7B
Germany $940M
Netherlands $592M

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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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