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2023
Exports $73.5MWorld Rnk 26 / 176
Flag Rnk 52 / 96
2023
Destination $42.6M India
2022 - 2023
FASTEST GROWING MARKET $42.6MIndia
2023
PRODUCT COMPLEXITY IN Lead articles-1.38Rnk 919 / 1025
2023
Imports $131MWorld Rnk 22 / 204
Flag Rnk 70 / 96
2023
Origin $26.9M Australia
2022 - 2023
FASTEST GROWING ORIGIN $26.9MAustralia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $73.5M in Lead articles, making it the 26th largest exporter of Lead articles in the world. At the same year, Lead articles was the 52nd most exported product in Philippines. The main destination of Lead articles exports from Philippines are: India ($68.9M), South Korea ($1.69M), Malaysia ($763k), China ($743k), and Cambodia ($532k).

The fastest growing export markets for Lead articles of Philippines between 2022 and 2023 were India ($42.6M), Cambodia ($532k), and Malaysia ($427k).

Imports In 2023, Philippines imported $131M in Lead articles, becoming the 22nd largest importer of Lead articles in the world. At the same year, Lead articles was the 70th most imported product in Philippines. Philippines imports Lead articles primarily from: Australia ($74M), Malaysia ($25.1M), Singapore ($10.1M), Japan ($8.36M), and China ($4.27M).

The fastest growing import markets in Lead articles for Philippines between 2022 and 2023 were Australia ($26.9M), Singapore ($3.51M), and United Arab Emirates ($354k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Lead articles exports accounted up to $7.48M and imports accounted up to $17.7M, resulting in a negative trade balance of $10.2M. Between July 2023 and July 2024 the exports of Philippines'   Lead articles have increased by $704k (10.4%) from $6.78M to $7.48M, while imports increased by $7.02M (65.8%) from $10.7M to $17.7M.

Destinations In July 2024, Lead articles were exported mostly to India ($4.05M), China ($3.12M), Germany ($274k), Japan ($28.5k), and South Korea ($10k), and were imported mostly from Australia ($10.1M), Malaysia ($5.37M), Japan ($1.16M), Chinese Taipei ($281k), and Indonesia ($228k).

Growth In July 2024, the increase in Lead articles's year-by-year exports was explained primarily by an increase in exports to India ($1.87M or 82%) and China ($3.04k or 3.68%). In July 2024, the increase in Lead articles's year-by-year imports was explained primarily by an increase in imports from Australia ($935k or 16.7%), United Arab Emirates ($355k or 110%), and Germany ($74.6k or 1.02k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$704k(10.4%)
IMPORT GROWTH (July 2023 - July 2024)$7.02M(65.8%)
MAIN DESTINATION (July 2024)India$4.05M

This section shows Lead articles'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 Lead articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$73.5M
IMPORTS (2023)$131M
NET TRADE (2023)-$57.6M

In 2023, Philippines exported $73.5M in Lead articles. The main destinations of Philippines exports on Lead articles were India ($68.9M), South Korea ($1.69M), Malaysia ($763k), China ($743k), and Cambodia ($532k).

In 2023, Philippines imported $131M in Lead articles, mainly from Australia ($74M), Malaysia ($25.1M), Singapore ($10.1M), Japan ($8.36M), and China ($4.27M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lead articles EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$42.6M (162%)
Cambodia$532k (1%)
Malaysia$427k (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lead articles BY Philippines WERE (2022 - 2023):
South Korea-$15.9M (-90.4%)
China-$3.1M (-80.7%)
Japan-$603k (-71%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Lead articles were:
Australia $757M
India $704M
South Korea $674M
In 2023, Philippines's main importing competitors in Lead articles were:
United States $1.32B
India $1.02B
Germany $643M

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Trade Value of Lead articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.03M
TOP IMPORT POTENTIALIndia+ $949k

Lead articles’s highest export potential is India. With an export gap of $3.03M.   Lead articles’s highest import potential is India with an import gap of $949k.

See methodology.

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