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Pricing

2022
Exports $11.8MWorld Rnk 13 / 93
Flag Rnk 314 / 1127
2022
Destination $156k United States
2021 - 2022
FASTEST GROWING MARKET $156kParaguay
2022
PRODUCT COMPLEXITY IN Handguns0.6Rnk 323 / 1025
2022
Imports $18.5MWorld Rnk 5 / 166
Flag Rnk 593 / 1201
2022
Origin $2.64MN/A
2021 - 2022
FASTEST GROWING ORIGIN $2.64MTurkey
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $11.8M in Handguns, making it the 13th largest exporter of Handguns in the world. At the same year, Handguns was the 314th most exported product in Philippines. The main destination of Handguns exports from Philippines are: United States ($11.2M), Thailand ($281k), Paraguay ($156k), Spain ($41.1k), and Poland ($37.3k).

The fastest growing export markets for Handguns of Philippines between 2021 and 2022 were Paraguay ($156k), Thailand ($93.5k), and Czechia ($26.8k).

Imports In 2022, Philippines imported $18.5M in Handguns, becoming the 5th largest importer of Handguns in the world. At the same year, Handguns was the 593rd most imported product in Philippines. Philippines imports Handguns primarily from: N/A.

The fastest growing import markets in Handguns for Philippines between 2021 and 2022 were Turkey ($2.64M), Brazil ($2.62M), and Slovenia ($1.51M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Handguns exports accounted up to $1.58M and imports accounted up to $703k, resulting in a positive trade balance of $872k. Between July 2023 and September 2024 the exports of Philippines'   Handguns have increased by $1.45M (1.11k%) from $130k to $1.58M, while imports decreased by $-597k (-45.9%) from $1.3M to $703k.

Destinations In September 2024, Handguns were exported mostly to United States ($1.55M), Bolivia ($21.2k), and Spain ($6.8k), and were imported mostly from United States ($295k), Brazil ($256k), Czechia ($87.4k), and Turkey ($65.4k).

Growth In September 2024, the increase in Handguns's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the decrease in Handguns's year-by-year imports was explained primarily by a decrease in imports from United States ($-103k or -18.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - September 2024)$1.45M(1.11k%)
IMPORT GROWTH (August 2023 - September 2024)$-597k(-45.9%)
MAIN DESTINATION (September 2024)United States$1.55M

This section shows Handguns'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 Handguns over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.8M
IMPORTS (2022)$18.5M
NET TRADE (2022)-$6.66M

In 2022, Philippines exported $11.8M in Handguns. The main destinations of Philippines exports on Handguns were United States ($11.2M), Thailand ($281k), Paraguay ($156k), Spain ($41.1k), and Poland ($37.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Handguns EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Paraguay$156k (1%)
Thailand$93.5k (49.9%)
Czechia$26.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Handguns BY Philippines WERE (2021 - 2022):
United States-$12.7M (-53.1%)
Poland-$90k (-70.7%)
Russia-$89k (-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 Handguns were:
Austria $427M
United States $183M
Brazil $152M
In 2022, Philippines's main importing competitors in Handguns were:
United States $1.04B
Brazil $95.2M
Thailand $42.5M

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Trade Value of Handguns by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $365k
TOP IMPORT POTENTIALItaly+ $228k

Handguns’s highest export potential is Thailand. With an export gap of $365k.   Handguns’s highest import potential is Italy with an import gap of $228k.

See methodology.

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