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2022
Exports $134kWorld Rnk 79 / 163
Flag Rnk 808 / 1127
2022
Destination $54.4k United States
2021 - 2022
FASTEST GROWING MARKET $54.4kUnited States
2022
PRODUCT COMPLEXITY IN Labels-0.16Rnk 599 / 1025
2022
Imports $10.9MWorld Rnk 28 / 211
Flag Rnk 699 / 1201
2022
Origin $176k Hong Kong
2021 - 2022
FASTEST GROWING ORIGIN $176kVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $134k in Labels, making it the 79th largest exporter of Labels in the world. At the same year, Labels was the 808th most exported product in Philippines. The main destination of Labels exports from Philippines are: United States ($88.9k), Hong Kong ($9.64k), France ($8.32k), Cambodia ($6.38k), and Chinese Taipei ($3.12k).

The fastest growing export markets for Labels of Philippines between 2021 and 2022 were United States ($54.4k), France ($7.63k), and Hong Kong ($6.65k).

Imports In 2022, Philippines imported $10.9M in Labels, becoming the 28th largest importer of Labels in the world. At the same year, Labels was the 699th most imported product in Philippines. Philippines imports Labels primarily from: Hong Kong ($4.59M), China ($2.32M), South Korea ($1.72M), Japan ($567k), and Vietnam ($528k).

The fastest growing import markets in Labels for Philippines between 2021 and 2022 were Vietnam ($176k), Hong Kong ($131k), and Chinese Taipei ($126k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Labels exports accounted up to $488 and imports accounted up to $663k, resulting in a negative trade balance of $662k. Between August 2023 and September 2024 the exports of Philippines'   Labels have increased by $276 (130%) from $212 to $488, while imports decreased by $-532k (-44.5%) from $1.19M to $663k.

Destinations In September 2024, Labels were exported mostly to India ($300), Japan ($154), and Vietnam ($34), and were imported mostly from Chinese Taipei ($171k), Hong Kong ($154k), China ($154k), Italy ($54.7k), and Japan ($52.9k).

Growth In September 2024, the increase in Labels's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the decrease in Labels's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-146k or -37.1%), Chinese Taipei ($-138k or -59.8%), and Japan ($-100k or -65.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - September 2024)$276(130%)
IMPORT GROWTH (September 2023 - September 2024)$-532k(-44.5%)
MAIN DESTINATION (September 2024)India$300

This section shows Labels'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 Labels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$134k
IMPORTS (2022)$10.9M
NET TRADE (2022)-$10.7M

In 2022, Philippines exported $134k in Labels. The main destinations of Philippines exports on Labels were United States ($88.9k), Hong Kong ($9.64k), France ($8.32k), Cambodia ($6.38k), and Chinese Taipei ($3.12k).

In 2022, Philippines imported $10.9M in Labels, mainly from Hong Kong ($4.59M), China ($2.32M), South Korea ($1.72M), Japan ($567k), and Vietnam ($528k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Labels EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$54.4k (157%)
France$7.63k (1.11k%)
Hong Kong$6.65k (222%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Labels BY Philippines WERE (2021 - 2022):
Vietnam-$10.4k (-78%)
China-$6.32k (-74.1%)
Germany-$3.09k (-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 Labels were:
China $479M
Hong Kong $171M
Italy $78M
In 2022, Philippines's main importing competitors in Labels were:
Vietnam $140M
Hong Kong $121M
Indonesia $82.5M

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Trade Value of Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $35.3k
TOP IMPORT POTENTIALChina+ $1.32M

Labels’s highest export potential is United States. With an export gap of $35.3k.   Labels’s highest import potential is China with an import gap of $1.32M.

See methodology.

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