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2022
Exports $57.9MWorld Rnk 7 / 183
Flag Rnk 157 / 1127
2022
Destination $377k United States
2021 - 2022
FASTEST GROWING MARKET $377kNetherlands
2022
PRODUCT COMPLEXITY IN Basketwork-1.47Rnk 944 / 1025
2022
Imports $3.95MWorld Rnk 53 / 216
Flag Rnk 853 / 1201
2022
Origin $1.39M China
2021 - 2022
FASTEST GROWING ORIGIN $1.39MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $57.9M in Basketwork, making it the 7th largest exporter of Basketwork in the world. At the same year, Basketwork was the 157th most exported product in Philippines. The main destination of Basketwork exports from Philippines are: United States ($50M), Japan ($2.33M), United Arab Emirates ($789k), Netherlands ($611k), and Canada ($438k).

The fastest growing export markets for Basketwork of Philippines between 2021 and 2022 were Netherlands ($377k), United Arab Emirates ($353k), and China ($149k).

Imports In 2022, Philippines imported $3.95M in Basketwork, becoming the 53rd largest importer of Basketwork in the world. At the same year, Basketwork was the 853rd most imported product in Philippines. Philippines imports Basketwork primarily from: China ($3.52M), Vietnam ($97.5k), Italy ($72.1k), France ($51.2k), and Malaysia ($45.4k).

The fastest growing import markets in Basketwork for Philippines between 2021 and 2022 were China ($1.39M), Italy ($72.1k), and Vietnam ($70.8k).

COMPANIES In 2023, leading companies such as At Home Procurement (30), Euromarket Designs (29), and Jo-Ann Stores (5) were at the forefront of shipping Basketwork from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Basketwork exports accounted up to $1.93M and imports accounted up to $27.3k, resulting in a positive trade balance of $1.91M. Between June 2023 and June 2024 the exports of Philippines'   Basketwork have decreased by $-1.38M (-41.6%) from $3.31M to $1.93M, while imports decreased by $-101k (-78.7%) from $128k to $27.3k.

Destinations In June 2024, Basketwork were exported mostly to United States ($1.73M), China ($48.9k), Japan ($40k), Australia ($24.6k), and United Arab Emirates ($20.4k), and were imported mostly from Vietnam ($10.3k), Bangladesh ($5.53k), South Korea ($3.69k), Madagascar ($2.96k), and Japan ($1.87k).

Growth In June 2024, the decrease in Basketwork's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.45M or -33.1%), United Arab Emirates ($-93.2k or -99.5%), and Mexico ($-15.5k or -79.4%). In June 2024, the decrease in Basketwork's year-by-year imports was explained primarily by a decrease in imports from Italy ($-10.5k or -97.4%), Vietnam ($-5.16k or -51%), and Spain ($-336 or -38.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.38M(-41.6%)
IMPORT GROWTH (June 2023 - June 2024)$-101k(-78.7%)
MAIN DESTINATION (June 2024)United States$1.73M

This section shows Basketwork'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 Basketwork over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.9M
IMPORTS (2022)$3.95M
NET TRADE (2022)$54M

In 2022, Philippines exported $57.9M in Basketwork. The main destinations of Philippines exports on Basketwork were United States ($50M), Japan ($2.33M), United Arab Emirates ($789k), Netherlands ($611k), and Canada ($438k).

In 2022, Philippines imported $3.95M in Basketwork, mainly from China ($3.52M), Vietnam ($97.5k), Italy ($72.1k), France ($51.2k), and Malaysia ($45.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$377k (161%)
United Arab Emirates$353k (81.1%)
China$149k (226%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Philippines WERE (2021 - 2022):
United States-$1.47M (-2.86%)
Italy-$299k (-59.5%)
Germany-$208k (-69%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Basketwork were:
China $1.3B
Vietnam $407M
India $158M
In 2022, Philippines's main importing competitors in Basketwork were:
United States $910M
Germany $217M
United Kingdom $161M

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $1.39M
TOP IMPORT POTENTIALChina+ $1.28M

Basketwork’s highest export potential is Japan. With an export gap of $1.39M.   Basketwork’s highest import potential is China with an import gap of $1.28M.

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