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2022
Exports $118MWorld Rnk 34 / 220
Flag Rnk 98 / 1127
2022
Destination $5.69M United States
2021 - 2022
FASTEST GROWING MARKET $5.69MUnited States
2022
PRODUCT COMPLEXITY IN Metal Mountings0.85Rnk 226 / 1025
2022
Imports $358MWorld Rnk 34 / 223
Flag Rnk 98 / 1201
2022
Origin $58.1M China
2021 - 2022
FASTEST GROWING ORIGIN $58.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $118M in Metal Mountings, making it the 34th largest exporter of Metal Mountings in the world. At the same year, Metal Mountings was the 98th most exported product in Philippines. The main destination of Metal Mountings exports from Philippines are: United States ($51.4M), Japan ($31.3M), Thailand ($9.99M), Canada ($5.99M), and Australia ($3.72M).

The fastest growing export markets for Metal Mountings of Philippines between 2021 and 2022 were United States ($5.69M), China ($2.05M), and Kuwait ($803k).

Imports In 2022, Philippines imported $358M in Metal Mountings, becoming the 34th largest importer of Metal Mountings in the world. At the same year, Metal Mountings was the 98th most imported product in Philippines. Philippines imports Metal Mountings primarily from: China ($285M), Thailand ($12.1M), Japan ($10.8M), Austria ($9.82M), and Chinese Taipei ($7.14M).

The fastest growing import markets in Metal Mountings for Philippines between 2021 and 2022 were China ($58.1M), Austria ($1.77M), and United States ($1.69M).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Metal Mountings exports accounted up to $14.5M and imports accounted up to $11.4M, resulting in a positive trade balance of $3.09M. Between October 2023 and October 2024 the exports of Philippines'   Metal Mountings have increased by $10.9M (307%) from $3.57M to $14.5M, while imports increased by $2.61M (29.6%) from $8.81M to $11.4M.

Destinations In October 2024, Metal Mountings were exported mostly to Japan ($9.28M), Hong Kong ($3.08M), Thailand ($1.2M), United States ($392k), and Indonesia ($248k), and were imported mostly from China ($5.73M), Japan ($1.75M), Germany ($1.05M), United States ($619k), and Chinese Taipei ($395k).

Growth In October 2024, the increase in Metal Mountings's year-by-year exports was explained primarily by an increase in exports to Thailand ($465k or 55.3%), China ($28.2k or 29.4%), and United States ($9.54k or 2.36%). In October 2024, the increase in Metal Mountings's year-by-year imports was explained primarily by an increase in imports from China ($775k or 18%), Hong Kong ($633k or 284%), and Germany ($577k or 355%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$10.9M(307%)
IMPORT GROWTH (October 2023 - October 2024)$2.61M(29.6%)
MAIN DESTINATION (October 2024)Japan$9.28M

This section shows Metal Mountings'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 Mountings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$118M
IMPORTS (2022)$358M
NET TRADE (2022)-$240M

In 2022, Philippines exported $118M in Metal Mountings. The main destinations of Philippines exports on Metal Mountings were United States ($51.4M), Japan ($31.3M), Thailand ($9.99M), Canada ($5.99M), and Australia ($3.72M).

In 2022, Philippines imported $358M in Metal Mountings, mainly from China ($285M), Thailand ($12.1M), Japan ($10.8M), Austria ($9.82M), and Chinese Taipei ($7.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Mountings EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$5.69M (12.4%)
China$2.05M (198%)
Kuwait$803k (1.72k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Mountings BY Philippines WERE (2021 - 2022):
Japan-$8.68M (-21.7%)
Canada-$3.06M (-33.8%)
Hong Kong-$1.25M (-52%)
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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 Mountings were:
China $16.1B
Germany $5.34B
United States $2.92B
In 2022, Philippines's main importing competitors in Metal Mountings were:
United States $7.91B
Germany $2.98B
Mexico $1.73B

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Trade Value of Metal Mountings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.5M
TOP IMPORT POTENTIALChina+ $34.3M

Metal Mountings’s highest export potential is United States. With an export gap of $19.5M.   Metal Mountings’s highest import potential is China with an import gap of $34.3M.

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