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2022
Exports $179MWorld Rnk 16 / 195
Flag Rnk 66 / 1127
2022
Destination $2.93M United States
2021 - 2022
FASTEST GROWING MARKET $2.93MJapan
2022
PRODUCT COMPLEXITY IN Base Metal Watches0.41Rnk 406 / 1025
2022
Imports $130MWorld Rnk 33 / 220
Flag Rnk 217 / 1201
2022
Origin $17.4M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $17.4MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $179M in Base Metal Watches, making it the 16th largest exporter of Base Metal Watches in the world. At the same year, Base Metal Watches was the 66th most exported product in Philippines. The main destination of Base Metal Watches exports from Philippines are: United States ($46.4M), Netherlands ($22.5M), Canada ($8.85M), Italy ($7.01M), and Poland ($6.86M).

The fastest growing export markets for Base Metal Watches of Philippines between 2021 and 2022 were Japan ($2.93M), India ($2.49M), and Thailand ($2.31M).

Imports In 2022, Philippines imported $130M in Base Metal Watches, becoming the 33rd largest importer of Base Metal Watches in the world. At the same year, Base Metal Watches was the 217th most imported product in Philippines. Philippines imports Base Metal Watches primarily from: Switzerland ($54.5M), Singapore ($32.5M), China ($22.2M), Hong Kong ($13.1M), and Japan ($4.77M).

The fastest growing import markets in Base Metal Watches for Philippines between 2021 and 2022 were Singapore ($17.4M), China ($11.8M), and Hong Kong ($4.55M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Base Metal Watches exports accounted up to $561k and imports accounted up to $15.2M, resulting in a negative trade balance of $14.6M. Between August 2023 and August 2024 the exports of Philippines'   Base Metal Watches have increased by $499k (804%) from $62.1k to $561k, while imports increased by $6.36M (72.1%) from $8.83M to $15.2M.

Destinations In August 2024, Base Metal Watches were exported mostly to Hong Kong ($542k), Singapore ($19.1k), and Malaysia ($324), and were imported mostly from Switzerland ($10.8M), China ($2.07M), Hong Kong ($1.64M), Japan ($427k), and Thailand ($183k).

Growth In August 2024, the increase in Base Metal Watches's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Base Metal Watches's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($1.71M or 559%), China ($1.12M or 65.6%), and India ($15.6k or 116%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$499k(804%)
IMPORT GROWTH (August 2023 - August 2024)$6.36M(72.1%)
MAIN DESTINATION (August 2024)Hong Kong$542k

This section shows Base Metal Watches'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 Base Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$179M
IMPORTS (2022)$130M
NET TRADE (2022)$48.8M

In 2022, Philippines exported $179M in Base Metal Watches. The main destinations of Philippines exports on Base Metal Watches were United States ($46.4M), Netherlands ($22.5M), Canada ($8.85M), Italy ($7.01M), and Poland ($6.86M).

In 2022, Philippines imported $130M in Base Metal Watches, mainly from Switzerland ($54.5M), Singapore ($32.5M), China ($22.2M), Hong Kong ($13.1M), and Japan ($4.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Base Metal Watches EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$2.93M (124%)
India$2.49M (101%)
Thailand$2.31M (55.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Base Metal Watches BY Philippines WERE (2021 - 2022):
Netherlands-$2.45M (-9.81%)
Mexico-$1.31M (-27.6%)
Russia-$676k (-29.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Base Metal Watches were:
Switzerland $16.1B
China $3.02B
Germany $1.18B
In 2022, Philippines's main importing competitors in Base Metal Watches were:
United States $3.57B
Hong Kong $2.82B
China $2.14B

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Trade Value of Base Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.4M
TOP IMPORT POTENTIALChina+ $14.7M

Base Metal Watches’s highest export potential is United States. With an export gap of $17.4M.   Base Metal Watches’s highest import potential is China with an import gap of $14.7M.

See methodology.

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