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2022
Exports $5.74MWorld Rnk 27 / 153
Flag Rnk 397 / 1127
2022
Destination $1.67M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.67MKuwait
2022
PRODUCT COMPLEXITY IN Friction Material0.27Rnk 464 / 1025
2022
Imports $9.98MWorld Rnk 35 / 211
Flag Rnk 716 / 1201
2022
Origin $158k Japan
2021 - 2022
FASTEST GROWING ORIGIN $158kGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.74M in Friction Material, making it the 27th largest exporter of Friction Material in the world. At the same year, Friction Material was the 397th most exported product in Philippines. The main destination of Friction Material exports from Philippines are: Vietnam ($2.29M), Kuwait ($1.67M), Brazil ($552k), Chinese Taipei ($532k), and India ($367k).

The fastest growing export markets for Friction Material of Philippines between 2021 and 2022 were Kuwait ($1.67M), India ($230k), and Vietnam ($129k).

Imports In 2022, Philippines imported $9.98M in Friction Material, becoming the 35th largest importer of Friction Material in the world. At the same year, Friction Material was the 716th most imported product in Philippines. Philippines imports Friction Material primarily from: Japan ($5.93M), China ($1.16M), Indonesia ($937k), Chinese Taipei ($572k), and Thailand ($497k).

The fastest growing import markets in Friction Material for Philippines between 2021 and 2022 were Germany ($158k), Thailand ($60k), and United States ($43k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Friction Material exports accounted up to $383k and imports accounted up to $1.05M, resulting in a negative trade balance of $670k. Between February 2023 and July 2024 the exports of Philippines'   Friction Material have increased by $62.8k (19.6%) from $320k to $383k, while imports increased by $791k (302%) from $262k to $1.05M.

Destinations In July 2024, Friction Material were exported mostly to Vietnam ($316k), Chinese Taipei ($38.7k), China ($25.6k), Indonesia ($2.31k), and India ($674), and were imported mostly from China ($582k), Malaysia ($328k), Indonesia ($27.9k), Germany ($26.4k), and Japan ($20.8k).

Growth In July 2024, the increase in Friction Material's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Friction Material's year-by-year imports was explained primarily by an increase in imports from United States ($19.5k or 681%) and Germany ($17k or 374%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - July 2024)$62.8k(19.6%)
IMPORT GROWTH (July 2023 - July 2024)$791k(302%)
MAIN DESTINATION (July 2024)Vietnam$316k

This section shows Friction Material'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 Friction Material over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.74M
IMPORTS (2022)$9.98M
NET TRADE (2022)-$4.24M

In 2022, Philippines exported $5.74M in Friction Material. The main destinations of Philippines exports on Friction Material were Vietnam ($2.29M), Kuwait ($1.67M), Brazil ($552k), Chinese Taipei ($532k), and India ($367k).

In 2022, Philippines imported $9.98M in Friction Material, mainly from Japan ($5.93M), China ($1.16M), Indonesia ($937k), Chinese Taipei ($572k), and Thailand ($497k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Friction Material EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$1.67M (53.3k%)
India$230k (169%)
Vietnam$129k (5.98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Friction Material BY Philippines WERE (2021 - 2022):
Japan-$168k (-44.6%)
Chinese Taipei-$97.4k (-15.5%)
Papua New Guinea-$6.7k (-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 Friction Material were:
Japan $247M
United States $191M
Germany $155M
In 2022, Philippines's main importing competitors in Friction Material were:
United States $164M
China $111M
Germany $85.5M

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Trade Value of Friction Material by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $326k
TOP IMPORT POTENTIALChina+ $608k

Friction Material’s highest export potential is India. With an export gap of $326k.   Friction Material’s highest import potential is China with an import gap of $608k.

See methodology.

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