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2022
Exports $2.65MWorld Rnk 28 / 140
Flag Rnk 482 / 1127
2022
Destination $255k Japan
2021 - 2022
FASTEST GROWING MARKET $255kUnited States
2022
PRODUCT COMPLEXITY IN Ornamental Trimmings-0.27Rnk 635 / 1025
2022
Imports $8.73MWorld Rnk 15 / 201
Flag Rnk 745 / 1201
2022
Origin $1.71M China
2021 - 2022
FASTEST GROWING ORIGIN $1.71MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.65M in Ornamental Trimmings, making it the 28th largest exporter of Ornamental Trimmings in the world. At the same year, Ornamental Trimmings was the 482nd most exported product in Philippines. The main destination of Ornamental Trimmings exports from Philippines are: Japan ($1.08M), United States ($603k), China ($456k), Morocco ($191k), and Chinese Taipei ($185k).

The fastest growing export markets for Ornamental Trimmings of Philippines between 2021 and 2022 were United States ($255k), Chinese Taipei ($185k), and China ($116k).

Imports In 2022, Philippines imported $8.73M in Ornamental Trimmings, becoming the 15th largest importer of Ornamental Trimmings in the world. At the same year, Ornamental Trimmings was the 745th most imported product in Philippines. Philippines imports Ornamental Trimmings primarily from: China ($5.5M), Vietnam ($2.16M), Japan ($512k), Chinese Taipei ($235k), and United States ($123k).

The fastest growing import markets in Ornamental Trimmings for Philippines between 2021 and 2022 were China ($1.71M), Vietnam ($851k), and Japan ($203k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Ornamental Trimmings exports accounted up to $99.9k and imports accounted up to $48.2k, resulting in a positive trade balance of $51.6k. Between June 2023 and June 2024 the exports of Philippines'   Ornamental Trimmings have increased by $30.2k (43.3%) from $69.7k to $99.9k, while imports decreased by $-66.4k (-57.9%) from $115k to $48.2k.

Destinations In June 2024, Ornamental Trimmings were exported mostly to Japan ($68.4k), China ($21.6k), United States ($9.73k), and Vietnam ($131), and were imported mostly from United States ($26k), Japan ($16.1k), Hong Kong ($1.28k), Germany ($1.28k), and Portugal ($229).

Growth In June 2024, the increase in Ornamental Trimmings's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Ornamental Trimmings's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-31.9k or -99.2%) and United States ($-1.42k or -96.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$30.2k(43.3%)
IMPORT GROWTH (June 2023 - June 2024)$-66.4k(-57.9%)
MAIN DESTINATION (June 2024)Japan$68.4k

This section shows Ornamental Trimmings'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 Ornamental Trimmings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.65M
IMPORTS (2022)$8.73M
NET TRADE (2022)-$6.08M

In 2022, Philippines exported $2.65M in Ornamental Trimmings. The main destinations of Philippines exports on Ornamental Trimmings were Japan ($1.08M), United States ($603k), China ($456k), Morocco ($191k), and Chinese Taipei ($185k).

In 2022, Philippines imported $8.73M in Ornamental Trimmings, mainly from China ($5.5M), Vietnam ($2.16M), Japan ($512k), Chinese Taipei ($235k), and United States ($123k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ornamental Trimmings EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$255k (73.3%)
Chinese Taipei$185k (1%)
China$116k (34.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ornamental Trimmings BY Philippines WERE (2021 - 2022):
Japan-$377k (-25.8%)
Morocco-$85.7k (-31%)
United Arab Emirates-$7.49k (-65.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Ornamental Trimmings were:
China $181M
Germany $45.2M
Chinese Taipei $36.9M
In 2022, Philippines's main importing competitors in Ornamental Trimmings were:
United States $57.8M
Vietnam $53.5M
Germany $21.1M

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Trade Value of Ornamental Trimmings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $249k
TOP IMPORT POTENTIALHong Kong+ $127k

Ornamental Trimmings’s highest export potential is United States. With an export gap of $249k.   Ornamental Trimmings’s highest import potential is Hong Kong with an import gap of $127k.

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