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2023
Exports $237kWorld Rnk 19 / 89
Flag Rnk 746 / 1123
2023
Destination $221k Thailand
2022 - 2023
FASTEST GROWING MARKET $221kThailand
2023
Imports $1.36MWorld Rnk 17 / 152
Flag Rnk 956 / 1202
2023
Origin $1.1M Hong Kong
2022 - 2023
FASTEST GROWING ORIGIN $1.1MHong Kong
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $237k in Incomplete Movement Sets, making it the 19th largest exporter of Incomplete Movement Sets in the world. At the same year, Incomplete Movement Sets was the 746th most exported product in Philippines. The main destination of Incomplete Movement Sets exports from Philippines are: Thailand ($235k), Japan ($1.32k), India ($391), and Sweden ($283).

The fastest growing export markets for Incomplete Movement Sets of Philippines between 2022 and 2023 were Thailand ($221k), Japan ($719), and Sweden ($283).

Imports In 2023, Philippines imported $1.36M in Incomplete Movement Sets, becoming the 17th largest importer of Incomplete Movement Sets in the world. At the same year, Incomplete Movement Sets was the 956th most imported product in Philippines. Philippines imports Incomplete Movement Sets primarily from: Hong Kong ($1.24M), China ($71.4k), Switzerland ($32.9k), United States ($8.07k), and Thailand ($4.13k).

The fastest growing import markets in Incomplete Movement Sets for Philippines between 2022 and 2023 were Hong Kong ($1.1M), China ($12.3k), and Thailand ($4.07k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Incomplete Movement Sets exports accounted up to $52.9k and imports accounted up to $4.64k, resulting in a positive trade balance of $48.3k. Between July 2023 and July 2024 the exports of Philippines'   Incomplete Movement Sets have increased by $12k (29.4%) from $40.9k to $52.9k, while imports increased by $3.73k (409%) from $911 to $4.64k.

Destinations In July 2024, Incomplete Movement Sets were exported mostly to Thailand ($52.8k) and Japan ($49), and were imported mostly from Japan ($2.73k), Thailand ($1.76k), and Hong Kong ($141).

Growth In July 2024, the increase in Incomplete Movement Sets's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Incomplete Movement Sets's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$12k(29.4%)
IMPORT GROWTH (March 2023 - July 2024)$3.73k(409%)
MAIN DESTINATION (July 2024)Thailand$52.8k

This section shows Incomplete Movement 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 Incomplete Movement Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$237k
IMPORTS (2023)$1.36M
NET TRADE (2023)-$1.13M

In 2023, Philippines exported $237k in Incomplete Movement Sets. The main destinations of Philippines exports on Incomplete Movement Sets were Thailand ($235k), Japan ($1.32k), India ($391), and Sweden ($283).

In 2023, Philippines imported $1.36M in Incomplete Movement Sets, mainly from Hong Kong ($1.24M), China ($71.4k), Switzerland ($32.9k), United States ($8.07k), and Thailand ($4.13k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Incomplete Movement Sets EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Thailand$221k (1.62k%)
Japan$719 (120%)
Sweden$283 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Incomplete Movement Sets BY Philippines WERE (2022 - 2023):
Netherlands-$8.41k (-100%)
India-$2.46k (-86.3%)
United Kingdom-$1.22k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Incomplete Movement Sets were:
Malaysia $128M
Japan $115M
Singapore $73.8M
In 2023, Philippines's main importing competitors in Incomplete Movement Sets were:
Hong Kong $155M
Japan $90.7M
Singapore $79.3M

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Trade Value of Incomplete Movement Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $4.36k
TOP IMPORT POTENTIALChina+ $13.6k

Incomplete Movement Sets’s highest export potential is India. With an export gap of $4.36k.   Incomplete Movement Sets’s highest import potential is China with an import gap of $13.6k.

See methodology.

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