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2023
Exports $604kWorld Rnk 55 / 139
Flag Rnk 635 / 1123
2023
Destination $68.6k United States
2022 - 2023
FASTEST GROWING MARKET $68.6kDenmark
2023
PRODUCT COMPLEXITY IN Non-Mechanical Removal Machinery1.8Rnk 15 / 1025
2023
Imports $44.7MWorld Rnk 34 / 202
Flag Rnk 360 / 1202
2023
Origin $6.51M Japan
2022 - 2023
FASTEST GROWING ORIGIN $6.51MJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $604k in Non-Mechanical Removal Machinery, making it the 55th largest exporter of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 635th most exported product in Philippines. The main destination of Non-Mechanical Removal Machinery exports from Philippines are: United States ($216k), Denmark ($128k), Japan ($101k), Sweden ($52.3k), and India ($22.8k).

The fastest growing export markets for Non-Mechanical Removal Machinery of Philippines between 2022 and 2023 were Denmark ($68.6k), Sweden ($52.3k), and India ($22.8k).

Imports In 2023, Philippines imported $44.7M in Non-Mechanical Removal Machinery, becoming the 34th largest importer of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 360th most imported product in Philippines. Philippines imports Non-Mechanical Removal Machinery primarily from: Japan ($23.7M), China ($7.51M), South Korea ($5M), Germany ($3.16M), and United States ($1.19M).

The fastest growing import markets in Non-Mechanical Removal Machinery for Philippines between 2022 and 2023 were Japan ($6.51M), Germany ($1.63M), and China ($1.14M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Non-Mechanical Removal Machinery exports accounted up to $269k and imports accounted up to $4.41M, resulting in a negative trade balance of $4.14M. Between July 2023 and July 2024 the exports of Philippines'   Non-Mechanical Removal Machinery have increased by $263k (4.39k%) from $6k to $269k, while imports increased by $1.01M (29.8%) from $3.4M to $4.41M.

Destinations In July 2024, Non-Mechanical Removal Machinery were exported mostly to United States ($180k), Japan ($65.1k), China ($11.3k), Netherlands ($11k), and Denmark ($1.5k), and were imported mostly from Germany ($2.83M), China ($610k), Japan ($492k), South Korea ($397k), and Italy ($30.4k).

Growth In July 2024, the increase in Non-Mechanical Removal Machinery's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Non-Mechanical Removal Machinery's year-by-year imports was explained primarily by an increase in imports from Japan ($4.75M or 1.23k%), Germany ($1.74M or 15.7k%), and South Korea ($855k or 353%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$263k(4.39k%)
IMPORT GROWTH (July 2023 - July 2024)$1.01M(29.8%)
MAIN DESTINATION (July 2024)United States$180k

This section shows Non-Mechanical Removal Machinery'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 Non-Mechanical Removal Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$604k
IMPORTS (2023)$44.7M
NET TRADE (2023)-$44.1M

In 2023, Philippines exported $604k in Non-Mechanical Removal Machinery. The main destinations of Philippines exports on Non-Mechanical Removal Machinery were United States ($216k), Denmark ($128k), Japan ($101k), Sweden ($52.3k), and India ($22.8k).

In 2023, Philippines imported $44.7M in Non-Mechanical Removal Machinery, mainly from Japan ($23.7M), China ($7.51M), South Korea ($5M), Germany ($3.16M), and United States ($1.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Mechanical Removal Machinery EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Denmark$68.6k (115%)
Sweden$52.3k (1%)
India$22.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Mechanical Removal Machinery BY Philippines WERE (2022 - 2023):
Vietnam-$1.15M (-98.3%)
Japan-$763k (-88.3%)
United States-$728k (-77.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Non-Mechanical Removal Machinery were:
China $1.97B
Germany $1.22B
Japan $1.11B
In 2023, Philippines's main importing competitors in Non-Mechanical Removal Machinery were:
United States $1.05B
China $683M
Germany $673M

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Trade Value of Non-Mechanical Removal Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $842k
TOP IMPORT POTENTIALChina+ $5.94M

Non-Mechanical Removal Machinery’s highest export potential is United States. With an export gap of $842k.   Non-Mechanical Removal Machinery’s highest import potential is China with an import gap of $5.94M.

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