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2022
Exports $1.92MWorld Rnk 77 / 184
Flag Rnk 533 / 1127
2022
Destination $141k Iraq
2021 - 2022
FASTEST GROWING MARKET $141kChina
2022
PRODUCT COMPLEXITY IN Building Stone-1.09Rnk 852 / 1025
2022
Imports $70.3MWorld Rnk 37 / 220
Flag Rnk 332 / 1201
2022
Origin $6.82M China
2021 - 2022
FASTEST GROWING ORIGIN $6.82MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.92M in Building Stone, making it the 77th 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: Iraq ($577k), United States ($560k), Netherlands ($207k), Japan ($161k), and China ($143k).

The fastest growing export markets for Building Stone of Philippines between 2021 and 2022 were China ($141k), Chinese Taipei ($89.3k), and Netherlands ($37.6k).

Imports In 2022, Philippines imported $70.3M in Building Stone, becoming the 37th largest importer of Building Stone in the world. At the same year, Building Stone was the 332nd most imported product in Philippines. Philippines imports Building Stone primarily from: China ($62.5M), India ($4.08M), Italy ($1.04M), South Africa ($613k), and Indonesia ($441k).

The fastest growing import markets in Building Stone for Philippines between 2021 and 2022 were China ($6.82M), India ($1.03M), and Indonesia ($301k).

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

August 2024

About

Overview In August 2024 Philippines' Building Stone exports accounted up to $86.6k and imports accounted up to $3.29M, resulting in a negative trade balance of $3.21M. Between August 2023 and August 2024 the exports of Philippines'   Building Stone have increased by $6.78k (8.5%) from $79.8k to $86.6k, while imports decreased by $-1.5M (-31.2%) from $4.79M to $3.29M.

Destinations In August 2024, Building Stone were exported mostly to United States ($60.6k), Guam ($16.9k), and Japan ($9.14k), and were imported mostly from China ($2.7M), India ($403k), Indonesia ($74k), Spain ($35.8k), and Greece ($34.8k).

Growth In August 2024, the increase in Building Stone's year-by-year exports was explained primarily by an increase in exports to United States ($50.8k or 1.66k%), South Korea ($3.57k or 12.3k%), and Guam ($800 or 400%). In August 2024, the decrease in Building Stone's year-by-year imports was explained primarily by a decrease in imports from China ($-1.92M or -36%), Japan ($-250k or -52.8%), and Italy ($-157k or -86.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$6.78k(8.5%)
IMPORT GROWTH (August 2023 - August 2024)$-1.5M(-31.2%)
MAIN DESTINATION (August 2024)United States$60.6k

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 (2022)$1.92M
IMPORTS (2022)$70.3M
NET TRADE (2022)-$68.4M

In 2022, Philippines exported $1.92M in Building Stone. The main destinations of Philippines exports on Building Stone were Iraq ($577k), United States ($560k), Netherlands ($207k), Japan ($161k), and China ($143k).

In 2022, Philippines imported $70.3M in Building Stone, mainly from China ($62.5M), India ($4.08M), Italy ($1.04M), South Africa ($613k), and Indonesia ($441k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Building Stone EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$141k (10.1k%)
Chinese Taipei$89.3k (1.84k%)
Netherlands$37.6k (22.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Building Stone BY Philippines WERE (2021 - 2022):
Japan-$329k (-67.2%)
France-$44.7k (-87.5%)
Mozambique-$24.6k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Building Stone were:
China $3.87B
Italy $1.71B
India $1.51B
In 2022, Philippines's main importing competitors in Building Stone were:
United States $3.12B
South Korea $713M
Vietnam $530M

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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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