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2022
Exports $351kWorld Rnk 57 / 161
Flag Rnk 706 / 1127
2022
Destination $215k Thailand
2021 - 2022
FASTEST GROWING MARKET $215kThailand
2022
PRODUCT COMPLEXITY IN Metal Finishing Machines1.51Rnk 48 / 1025
2022
Imports $30MWorld Rnk 28 / 210
Flag Rnk 496 / 1201
2022
Origin $5.15M Japan
2021 - 2022
FASTEST GROWING ORIGIN $5.15MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $351k in Metal Finishing Machines, making it the 57th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 706th most exported product in Philippines. The main destination of Metal Finishing Machines exports from Philippines are: Thailand ($215k), Malaysia ($38.2k), Germany ($30k), China ($21.3k), and Singapore ($13k).

The fastest growing export markets for Metal Finishing Machines of Philippines between 2021 and 2022 were Thailand ($215k), Italy ($12k), and Singapore ($11k).

Imports In 2022, Philippines imported $30M in Metal Finishing Machines, becoming the 28th largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 496th most imported product in Philippines. Philippines imports Metal Finishing Machines primarily from: Japan ($8.28M), China ($6.71M), United States ($5.38M), South Korea ($2.03M), and Chinese Taipei ($1.85M).

The fastest growing import markets in Metal Finishing Machines for Philippines between 2021 and 2022 were China ($5.15M), United States ($4.49M), and Malaysia ($1.33M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Metal Finishing Machines exports accounted up to $2.65k and imports accounted up to $371k, resulting in a negative trade balance of $368k. Between May 2023 and August 2024 the exports of Philippines'   Metal Finishing Machines have decreased by $-4.29k (-61.8%) from $6.94k to $2.65k, while imports decreased by $-865k (-70%) from $1.24M to $371k.

Destinations In August 2024, Metal Finishing Machines were exported mostly to Japan ($2.65k), and were imported mostly from China ($218k), Japan ($56.4k), South Korea ($27.4k), United States ($25.5k), and Singapore ($24.8k).

Growth In August 2024, the decrease in Metal Finishing Machines's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Metal Finishing Machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-485k or -87.4%), Malaysia ($-215k or -93.6%), and Singapore ($-27.4k or -56.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - August 2024)$-4.29k(-61.8%)
IMPORT GROWTH (August 2023 - August 2024)$-865k(-70%)
MAIN DESTINATION (August 2024)Japan$2.65k

This section shows Metal Finishing Machines'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 Metal Finishing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$351k
IMPORTS (2022)$30M
NET TRADE (2022)-$29.6M

In 2022, Philippines exported $351k in Metal Finishing Machines. The main destinations of Philippines exports on Metal Finishing Machines were Thailand ($215k), Malaysia ($38.2k), Germany ($30k), China ($21.3k), and Singapore ($13k).

In 2022, Philippines imported $30M in Metal Finishing Machines, mainly from Japan ($8.28M), China ($6.71M), United States ($5.38M), South Korea ($2.03M), and Chinese Taipei ($1.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$215k (1%)
Italy$12k (1%)
Singapore$11k (539%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY Philippines WERE (2021 - 2022):
Japan-$258k (-100%)
Germany-$139k (-82.2%)
Malaysia-$52.7k (-58%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Metal Finishing Machines were:
Germany $779M
Switzerland $601M
Japan $534M
In 2022, Philippines's main importing competitors in Metal Finishing Machines were:
China $836M
United States $544M
Germany $295M

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $31.9k
TOP IMPORT POTENTIALChina+ $1.39M

Metal Finishing Machines’s highest export potential is Germany. With an export gap of $31.9k.   Metal Finishing Machines’s highest import potential is China with an import gap of $1.39M.

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