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2022
Exports $5.35MWorld Rnk 31 / 195
Flag Rnk 407 / 1127
2022
Destination $443k United States
2021 - 2022
FASTEST GROWING MARKET $443kUnited States
2022
PRODUCT COMPLEXITY IN Bells and Other Metal Ornaments-0.11Rnk 584 / 1025
2022
Imports $15.6MWorld Rnk 31 / 220
Flag Rnk 636 / 1201
2022
Origin $322k China
2021 - 2022
FASTEST GROWING ORIGIN $322kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.35M in Bells and Other Metal Ornaments, making it the 31st largest exporter of Bells and Other Metal Ornaments in the world. At the same year, Bells and Other Metal Ornaments was the 407th most exported product in Philippines. The main destination of Bells and Other Metal Ornaments exports from Philippines are: United States ($3.25M), United Kingdom ($751k), Germany ($443k), Japan ($177k), and France ($78.9k).

The fastest growing export markets for Bells and Other Metal Ornaments of Philippines between 2021 and 2022 were United States ($443k), United Kingdom ($336k), and Germany ($105k).

Imports In 2022, Philippines imported $15.6M in Bells and Other Metal Ornaments, becoming the 31st largest importer of Bells and Other Metal Ornaments in the world. At the same year, Bells and Other Metal Ornaments was the 636th most imported product in Philippines. Philippines imports Bells and Other Metal Ornaments primarily from: China ($14.2M), Japan ($258k), Italy ($217k), Malaysia ($148k), and Netherlands ($133k).

The fastest growing import markets in Bells and Other Metal Ornaments for Philippines between 2021 and 2022 were China ($322k), Italy ($145k), and Turkey ($89.4k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Bells and Other Metal Ornaments exports accounted up to $510k and imports accounted up to $468k, resulting in a positive trade balance of $41.7k. Between August 2023 and August 2024 the exports of Philippines'   Bells and Other Metal Ornaments have increased by $138k (37.2%) from $372k to $510k, while imports increased by $104k (28.4%) from $365k to $468k.

Destinations In August 2024, Bells and Other Metal Ornaments were exported mostly to United States ($162k), China ($134k), Netherlands ($96.4k), Japan ($53.5k), and Brazil ($27.5k), and were imported mostly from China ($387k), Japan ($31.9k), United States ($17.8k), Malaysia ($12k), and Thailand ($3.13k).

Growth In August 2024, the increase in Bells and Other Metal Ornaments's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($61.6k or 1.01k%) and Germany ($8.55k or 111%). In August 2024, the increase in Bells and Other Metal Ornaments's year-by-year imports was explained primarily by an increase in imports from Germany ($50.9k or 1.56k%), Thailand ($813 or 246%), and Malaysia ($205 or 4.45%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$138k(37.2%)
IMPORT GROWTH (August 2023 - August 2024)$104k(28.4%)
MAIN DESTINATION (August 2024)United States$162k

This section shows Bells and Other Metal Ornaments'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 Bells and Other Metal Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.35M
IMPORTS (2022)$15.6M
NET TRADE (2022)-$10.2M

In 2022, Philippines exported $5.35M in Bells and Other Metal Ornaments. The main destinations of Philippines exports on Bells and Other Metal Ornaments were United States ($3.25M), United Kingdom ($751k), Germany ($443k), Japan ($177k), and France ($78.9k).

In 2022, Philippines imported $15.6M in Bells and Other Metal Ornaments, mainly from China ($14.2M), Japan ($258k), Italy ($217k), Malaysia ($148k), and Netherlands ($133k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bells and Other Metal Ornaments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$443k (15.8%)
United Kingdom$336k (80.9%)
Germany$105k (30.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bells and Other Metal Ornaments BY Philippines WERE (2021 - 2022):
Denmark-$31.4k (-66.9%)
Luxembourg-$23k (-68.3%)
Switzerland-$15.5k (-56.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Bells and Other Metal Ornaments were:
China $2.17B
India $166M
Poland $113M
In 2022, Philippines's main importing competitors in Bells and Other Metal Ornaments were:
United States $1.23B
Germany $275M
United Kingdom $136M

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Trade Value of Bells and Other Metal Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.29M
TOP IMPORT POTENTIALChina+ $2.4M

Bells and Other Metal Ornaments’s highest export potential is United States. With an export gap of $1.29M.   Bells and Other Metal Ornaments’s highest import potential is China with an import gap of $2.4M.

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