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2022
Exports $326kWorld Rnk 61 / 194
Flag Rnk 720 / 1127
2022
Destination $61.2k Singapore
2021 - 2022
FASTEST GROWING MARKET $61.2kSingapore
2022
PRODUCT COMPLEXITY IN Cutlery Sets-0.066Rnk 570 / 1025
2022
Imports $96.7MWorld Rnk 7 / 218
Flag Rnk 273 / 1201
2022
Origin $59.9M China
2021 - 2022
FASTEST GROWING ORIGIN $59.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $326k in Cutlery Sets, making it the 61st largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 720th most exported product in Philippines. The main destination of Cutlery Sets exports from Philippines are: Singapore ($80k), Macau ($56.7k), Kuwait ($41.8k), Hong Kong ($38.8k), and Indonesia ($35.2k).

The fastest growing export markets for Cutlery Sets of Philippines between 2021 and 2022 were Singapore ($61.2k), Macau ($46.8k), and Hong Kong ($38.1k).

Imports In 2022, Philippines imported $96.7M in Cutlery Sets, becoming the 7th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 273rd most imported product in Philippines. Philippines imports Cutlery Sets primarily from: China ($94.3M), United States ($811k), Japan ($170k), Kuwait ($170k), and France ($129k).

The fastest growing import markets in Cutlery Sets for Philippines between 2021 and 2022 were China ($59.9M), United States ($259k), and Kuwait ($170k).

COMPANIES In 2023, leading companies such as Guess Clothing (3), Wismettac Asian Foods (3), and Walong Marketing (2) were at the forefront of shipping Cutlery Sets from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Cutlery Sets exports accounted up to $3.02k and imports accounted up to $851k, resulting in a negative trade balance of $848k. Between October 2023 and October 2024 the exports of Philippines'   Cutlery Sets have increased by $2.08k (222%) from $938 to $3.02k, while imports increased by $110k (14.9%) from $741k to $851k.

Destinations In October 2024, Cutlery Sets were exported mostly to Brunei ($2.36k), Singapore ($492), and Japan ($167), and were imported mostly from China ($776k), Thailand ($16.8k), United States ($13.5k), Chinese Taipei ($5.42k), and Portugal ($5.36k).

Growth In October 2024, the increase in Cutlery Sets's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($47.8k or 2.11k%) and Singapore ($321 or 747%). In October 2024, the increase in Cutlery Sets's year-by-year imports was explained primarily by an increase in imports from Japan ($35.7k or 162%), United States ($20.8k or 2.14k%), and Chinese Taipei ($13.6k or 67%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.08k(222%)
IMPORT GROWTH (October 2023 - October 2024)$110k(14.9%)
MAIN DESTINATION (October 2024)Brunei$2.36k

This section shows Cutlery Sets'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 Cutlery Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$326k
IMPORTS (2022)$96.7M
NET TRADE (2022)-$96.3M

In 2022, Philippines exported $326k in Cutlery Sets. The main destinations of Philippines exports on Cutlery Sets were Singapore ($80k), Macau ($56.7k), Kuwait ($41.8k), Hong Kong ($38.8k), and Indonesia ($35.2k).

In 2022, Philippines imported $96.7M in Cutlery Sets, mainly from China ($94.3M), United States ($811k), Japan ($170k), Kuwait ($170k), and France ($129k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$61.2k (326%)
Macau$46.8k (475%)
Hong Kong$38.1k (4.95k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY Philippines WERE (2021 - 2022):
Germany-$14.5k (-98.8%)
United Kingdom-$6.19k (-84.9%)
Thailand-$1.57k (-54.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cutlery Sets were:
China $2.38B
Vietnam $288M
Germany $127M
In 2022, Philippines's main importing competitors in Cutlery Sets were:
United States $688M
Germany $226M
Netherlands $128M

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $33.9k
TOP IMPORT POTENTIALVietnam+ $415k

Cutlery Sets’s highest export potential is Indonesia. With an export gap of $33.9k.   Cutlery Sets’s highest import potential is Vietnam with an import gap of $415k.

See methodology.

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