2022
Exports
$1.23MWorld Rnk 38 / 146
Flag Rnk 94 / 96
2022
PRODUCT COMPLEXITY IN Cork & cork articles
-0.17Rnk 605 / 1025
2022
Imports
$1.81MWorld Rnk 69 / 208
Flag Rnk 96 / 96
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.23M in Cork & cork articles, making it the 38th largest exporter of Cork & cork articles in the world. At the same year, Cork & cork articles was the 94th most exported product in Philippines. The main destination of Cork & cork articles exports from Philippines are: India ($550k), United States ($313k), China ($271k), Japan ($30.1k), and United Kingdom ($26.4k).

The fastest growing export markets for Cork & cork articles of Philippines between 2021 and 2022 were United States ($167k), India ($75.6k), and Japan ($26.3k).

Imports In 2022, Philippines imported $1.81M in Cork & cork articles, becoming the 69th largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 96th most imported product in Philippines. Philippines imports Cork & cork articles primarily from: Portugal ($899k), China ($399k), Canada ($183k), Japan ($113k), and Netherlands ($62.9k).

The fastest growing import markets in Cork & cork articles for Philippines between 2021 and 2022 were Canada ($183k), China ($70.1k), and Netherlands ($60.1k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-41.6k(-50.1%)
IMPORT GROWTH (June 2023 - June 2024)$-32.4k(-27.7%)
MAIN DESTINATION (June 2024)India$27.7k

This section shows Cork & cork articles'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 Cork & cork articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.23M
IMPORTS (2022)$1.81M
NET TRADE (2022)-$576k

In 2022, Philippines exported $1.23M in Cork & cork articles. The main destinations of Philippines exports on Cork & cork articles were India ($550k), United States ($313k), China ($271k), Japan ($30.1k), and United Kingdom ($26.4k).

In 2022, Philippines imported $1.81M in Cork & cork articles, mainly from Portugal ($899k), China ($399k), Canada ($183k), Japan ($113k), and Netherlands ($62.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cork & cork articles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$167k (114%)
India$75.6k (15.9%)
Japan$26.3k (705%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cork & cork articles BY Philippines WERE (2021 - 2022):
Singapore-$18k (-100%)
Canada-$7.53k (-100%)
France-$3.2k (-36.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cork & cork articles were:
In 2022, Philippines's main importing competitors in Cork & cork articles were:

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Trade Value of Cork & cork articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $123k
TOP IMPORT POTENTIALChina+ $109k

Cork & cork articles’s highest export potential is United States. With an export gap of $123k.   Cork & cork articles’s highest import potential is China with an import gap of $109k.

See methodology.

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