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2023
Exports $250kWorld Rnk 66 / 193
Flag Rnk 741 / 1123
2023
Destination $119k South Korea
2022 - 2023
FASTEST GROWING MARKET $119kSouth Korea
2023
PRODUCT COMPLEXITY IN Knives0.98Rnk 183 / 1025
2023
Imports $11.8MWorld Rnk 40 / 222
Flag Rnk 637 / 1202
2023
Origin $3.24M China
2022 - 2023
FASTEST GROWING ORIGIN $3.24MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $250k in Knives, making it the 66th largest exporter of Knives in the world. At the same year, Knives was the 741st most exported product in Philippines. The main destination of Knives exports from Philippines are: South Korea ($119k), French Polynesia ($85.5k), Brunei ($11.1k), United States ($7.65k), and Norway ($5.55k).

The fastest growing export markets for Knives of Philippines between 2022 and 2023 were South Korea ($119k), French Polynesia ($85.5k), and Brunei ($10.9k).

Imports In 2023, Philippines imported $11.8M in Knives, becoming the 40th largest importer of Knives in the world. At the same year, Knives was the 637th most imported product in Philippines. Philippines imports Knives primarily from: China ($7.93M), Malaysia ($1.49M), Japan ($810k), United States ($330k), and South Korea ($319k).

The fastest growing import markets in Knives for Philippines between 2022 and 2023 were China ($3.24M), South Korea ($288k), and Italy ($92.2k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Knives exports accounted up to $403 and imports accounted up to $686k, resulting in a negative trade balance of $686k. Between January 2023 and June 2024 the exports of Philippines'   Knives have decreased by $-63.6k (-99.4%) from $64k to $403, while imports decreased by $-157k (-18.6%) from $843k to $686k.

Destinations In June 2024, Knives were exported mostly to , and were imported mostly from China ($296k), Malaysia ($156k), Japan ($132k), Germany ($47.5k), and South Korea ($12.2k).

Growth In June 2024, the decrease in Knives's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Knives's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-15.4k or -63.2%), Singapore ($-1.61k or -29.4%), and United Kingdom ($-1.19k or -54.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - June 2024)$-63.6k(-99.4%)
IMPORT GROWTH (July 2023 - July 2024)$-157k(-18.6%)
MAIN DESTINATION (June 2024)

This section shows Knives'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 Knives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$250k
IMPORTS (2023)$11.8M
NET TRADE (2023)-$11.6M

In 2023, Philippines exported $250k in Knives. The main destinations of Philippines exports on Knives were South Korea ($119k), French Polynesia ($85.5k), Brunei ($11.1k), United States ($7.65k), and Norway ($5.55k).

In 2023, Philippines imported $11.8M in Knives, mainly from China ($7.93M), Malaysia ($1.49M), Japan ($810k), United States ($330k), and South Korea ($319k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knives EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
South Korea$119k (1.99M%)
French Polynesia$85.5k (1%)
Brunei$10.9k (4.96k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knives BY Philippines WERE (2022 - 2023):
Indonesia-$21.6k (-83.5%)
Malaysia-$12k (-91.4%)
South Africa-$3.1k (-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 Knives were:
China $1.52B
Germany $277M
Japan $183M
In 2023, Philippines's main importing competitors in Knives were:
United States $805M
Germany $293M
France $150M

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Trade Value of Knives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.1k
TOP IMPORT POTENTIALChina+ $2.13M

Knives’s highest export potential is United States. With an export gap of $10.1k.   Knives’s highest import potential is China with an import gap of $2.13M.

See methodology.

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