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Pricing

2022
Exports $1.15MWorld Rnk 48 / 197
Flag Rnk 591 / 1127
2022
Destination $56.1k Japan
2021 - 2022
FASTEST GROWING MARKET $56.1kVietnam
2022
PRODUCT COMPLEXITY IN Drafting Tools1.71Rnk 23 / 1025
2022
Imports $17.4MWorld Rnk 34 / 220
Flag Rnk 603 / 1201
2022
Origin $1.2M China
2021 - 2022
FASTEST GROWING ORIGIN $1.2MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.15M in Drafting Tools, making it the 48th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 591st most exported product in Philippines. The main destination of Drafting Tools exports from Philippines are: Japan ($458k), China ($277k), Vietnam ($95k), Czechia ($63.9k), and United States ($42k).

The fastest growing export markets for Drafting Tools of Philippines between 2021 and 2022 were Vietnam ($56.1k), Indonesia ($28.6k), and United Kingdom ($22.1k).

Imports In 2022, Philippines imported $17.4M in Drafting Tools, becoming the 34th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 603rd most imported product in Philippines. Philippines imports Drafting Tools primarily from: China ($12.3M), Japan ($1.16M), Singapore ($1.09M), United States ($1M), and Chinese Taipei ($693k).

The fastest growing import markets in Drafting Tools for Philippines between 2021 and 2022 were China ($1.2M), Singapore ($519k), and United States ($365k).

COMPANIES In 2023, leading companies such as Cinmar (2) were at the forefront of shipping Drafting Tools from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Drafting Tools exports accounted up to $36.1k and imports accounted up to $855k, resulting in a negative trade balance of $819k. Between October 2023 and October 2024 the exports of Philippines'   Drafting Tools have decreased by $-269k (-88.2%) from $305k to $36.1k, while imports increased by $42.3k (5.2%) from $812k to $855k.

Destinations In October 2024, Drafting Tools were exported mostly to Japan ($16.4k), Australia ($7.22k), Malaysia ($6.25k), Germany ($6.23k), and United States ($37), and were imported mostly from Japan ($316k), China ($295k), United States ($110k), Germany ($19.9k), and Mexico ($14k).

Growth In October 2024, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to Japan ($-74.9k or -30.2%), Singapore ($-2.1k or -94.3%), and United States ($-1.37k or -87.3%). In October 2024, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from United States ($20.6k or 70.7%), Japan ($17.4k or 9.93%), and France ($16.2k or 2.96k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-269k(-88.2%)
IMPORT GROWTH (October 2023 - October 2024)$42.3k(5.2%)
MAIN DESTINATION (October 2024)Japan$16.4k

This section shows Drafting Tools'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 Drafting Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.15M
IMPORTS (2022)$17.4M
NET TRADE (2022)-$16.2M

In 2022, Philippines exported $1.15M in Drafting Tools. The main destinations of Philippines exports on Drafting Tools were Japan ($458k), China ($277k), Vietnam ($95k), Czechia ($63.9k), and United States ($42k).

In 2022, Philippines imported $17.4M in Drafting Tools, mainly from China ($12.3M), Japan ($1.16M), Singapore ($1.09M), United States ($1M), and Chinese Taipei ($693k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$56.1k (144%)
Indonesia$28.6k (930%)
United Kingdom$22.1k (556%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Philippines WERE (2021 - 2022):
Thailand-$122k (-83.8%)
United States-$116k (-73.5%)
China-$63.4k (-18.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Drafting Tools were:
China $1.11B
United States $260M
Germany $221M
In 2022, Philippines's main importing competitors in Drafting Tools were:
United States $382M
Germany $193M
Canada $100M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $192k
TOP IMPORT POTENTIALChina+ $1.36M

Drafting Tools’s highest export potential is China. With an export gap of $192k.   Drafting Tools’s highest import potential is China with an import gap of $1.36M.

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