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Pricing

2023
Exports $170kWorld Rnk 68 / 118
Flag Rnk 789 / 1123
2023
Destination $9.21k Japan
2022 - 2023
FASTEST GROWING MARKET $9.21kVietnam
2023
PRODUCT COMPLEXITY IN Casting Machines0.64Rnk 309 / 1025
2023
Imports $12.1MWorld Rnk 42 / 184
Flag Rnk 628 / 1202
2023
Origin $1.68M China
2022 - 2023
FASTEST GROWING ORIGIN $1.68MSouth Korea
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $170k in Casting Machines, making it the 68th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 789th most exported product in Philippines. The main destination of Casting Machines exports from Philippines are: Japan ($116k), Hong Kong ($25.7k), Malaysia ($11.8k), Vietnam ($9.56k), and United Kingdom ($5.29k).

The fastest growing export markets for Casting Machines of Philippines between 2022 and 2023 were Vietnam ($9.21k), United Kingdom ($3.04k), and Estonia ($910).

Imports In 2023, Philippines imported $12.1M in Casting Machines, becoming the 42nd largest importer of Casting Machines in the world. At the same year, Casting Machines was the 628th most imported product in Philippines. Philippines imports Casting Machines primarily from: China ($5.68M), South Korea ($2.21M), Japan ($1.77M), Australia ($757k), and United States ($484k).

The fastest growing import markets in Casting Machines for Philippines between 2022 and 2023 were South Korea ($1.68M), Australia ($757k), and China ($262k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Casting Machines exports accounted up to $635k and imports accounted up to $336k, resulting in a positive trade balance of $299k. Between July 2023 and July 2024 the exports of Philippines'   Casting Machines have decreased by $-283k (-30.9%) from $919k to $635k, while imports decreased by $-22.6k (-6.29%) from $359k to $336k.

Destinations In July 2024, Casting Machines were exported mostly to Japan ($635k), and were imported mostly from Italy ($159k), Chinese Taipei ($53.7k), Japan ($50.7k), China ($46.8k), and Sweden ($13.3k).

Growth In July 2024, the decrease in Casting Machines's year-by-year exports was explained primarily by a decrease in exports to Japan ($-94.6k or -10.1%). In July 2024, the decrease in Casting Machines's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-131k or -95.2%), Japan ($-15k or -10.8%), and Chinese Taipei ($-13.9k or -98.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-283k(-30.9%)
IMPORT GROWTH (July 2023 - July 2024)$-22.6k(-6.29%)
MAIN DESTINATION (July 2024)Japan$635k

This section shows Casting Machines'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 Casting Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$170k
IMPORTS (2023)$12.1M
NET TRADE (2023)-$11.9M

In 2023, Philippines exported $170k in Casting Machines. The main destinations of Philippines exports on Casting Machines were Japan ($116k), Hong Kong ($25.7k), Malaysia ($11.8k), Vietnam ($9.56k), and United Kingdom ($5.29k).

In 2023, Philippines imported $12.1M in Casting Machines, mainly from China ($5.68M), South Korea ($2.21M), Japan ($1.77M), Australia ($757k), and United States ($484k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Vietnam$9.21k (2.64k%)
United Kingdom$3.04k (134%)
Estonia$910 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Philippines WERE (2022 - 2023):
Japan-$11.5M (-99%)
United States-$48.7k (-100%)
Singapore-$18.4k (-98.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Casting Machines were:
China $1.22B
Italy $396M
Germany $302M
In 2023, Philippines's main importing competitors in Casting Machines were:
United States $468M
India $355M
Indonesia $267M

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $60.4k
TOP IMPORT POTENTIALChina+ $1.96M

Casting Machines’s highest export potential is United States. With an export gap of $60.4k.   Casting Machines’s highest import potential is China with an import gap of $1.96M.

See methodology.

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