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2023
Exports $1.55MWorld Rnk 78 / 188
Flag Rnk 533 / 1123
2023
Destination $56.9k United States
2022 - 2023
FASTEST GROWING MARKET $56.9kSouth Korea
2023
PRODUCT COMPLEXITY IN Building Stone-1.09Rnk 853 / 1025
2023
Imports $55.4MWorld Rnk 35 / 220
Flag Rnk 323 / 1202
2023
Origin $1.16M China
2022 - 2023
FASTEST GROWING ORIGIN $1.16MJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.55M in Building Stone, making it the 78th largest exporter of Building Stone in the world. At the same year, Building Stone was the 533rd most exported product in Philippines. The main destination of Building Stone exports from Philippines are: United States ($724k), Iraq ($248k), China ($119k), Netherlands ($90.1k), and Japan ($89.1k).

The fastest growing export markets for Building Stone of Philippines between 2022 and 2023 were South Korea ($56.9k), Saudi Arabia ($28.8k), and United Kingdom ($21.7k).

Imports In 2023, Philippines imported $55.4M in Building Stone, becoming the 35th largest importer of Building Stone in the world. At the same year, Building Stone was the 323rd most imported product in Philippines. Philippines imports Building Stone primarily from: China ($43.1M), Japan ($4.29M), India ($3.95M), South Africa ($800k), and United States ($643k).

The fastest growing import markets in Building Stone for Philippines between 2022 and 2023 were Japan ($1.16M), Spain ($267k), and United States ($257k).

COMPANIES In 2023, leading companies such as Cinmar (4) and Euromarket Designs (3) were at the forefront of shipping Building Stone from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Building Stone exports accounted up to $39.1k and imports accounted up to $3.6M, resulting in a negative trade balance of $3.56M. Between July 2023 and July 2024 the exports of Philippines'   Building Stone have decreased by $-16.3k (-29.5%) from $55.4k to $39.1k, while imports decreased by $-600k (-14.3%) from $4.2M to $3.6M.

Destinations In July 2024, Building Stone were exported mostly to United States ($24k), Japan ($13.1k), and Poland ($2k), and were imported mostly from China ($3.11M), India ($250k), Italy ($95.9k), Egypt ($57.3k), and United States ($34.4k).

Growth In July 2024, the decrease in Building Stone's year-by-year exports was explained primarily by a decrease in exports to Japan ($-81.1k or -81.2%). In July 2024, the decrease in Building Stone's year-by-year imports was explained primarily by a decrease in imports from China ($-1.92M or -36%), Japan ($-250k or -52.8%), and Italy ($-157k or -86.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-16.3k(-29.5%)
IMPORT GROWTH (July 2023 - July 2024)$-600k(-14.3%)
MAIN DESTINATION (July 2024)United States$24k

This section shows Building Stone'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 Building Stone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.55M
IMPORTS (2023)$55.4M
NET TRADE (2023)-$53.8M

In 2023, Philippines exported $1.55M in Building Stone. The main destinations of Philippines exports on Building Stone were United States ($724k), Iraq ($248k), China ($119k), Netherlands ($90.1k), and Japan ($89.1k).

In 2023, Philippines imported $55.4M in Building Stone, mainly from China ($43.1M), Japan ($4.29M), India ($3.95M), South Africa ($800k), and United States ($643k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Building Stone EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
South Korea$56.9k (48.6k%)
Saudi Arabia$28.8k (9.37k%)
United Kingdom$21.7k (298%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Building Stone BY Philippines WERE (2022 - 2023):
Iraq-$328k (-56.9%)
Netherlands-$178k (-66.4%)
Chinese Taipei-$94.1k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Building Stone were:
China $4.46B
Italy $1.53B
India $1.29B
In 2023, Philippines's main importing competitors in Building Stone were:
United States $2.87B
South Korea $2.14B
Saudi Arabia $428M

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Trade Value of Building Stone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $729k
TOP IMPORT POTENTIALIndia+ $4.75M

Building Stone’s highest export potential is United States. With an export gap of $729k.   Building Stone’s highest import potential is India with an import gap of $4.75M.

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