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2023
Exports $16.4MWorld Rnk 16 / 103
Flag Rnk 266 / 1123
2023
Destination $4.02M United States
2022 - 2023
FASTEST GROWING MARKET $4.02MUnited States
2023
PRODUCT COMPLEXITY IN Other Firearms0.14Rnk 508 / 1025
2023
Imports $6.53MWorld Rnk 31 / 181
Flag Rnk 747 / 1202
2023
Origin $648k Brazil
2022 - 2023
FASTEST GROWING ORIGIN $648kUnited States
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $16.4M in Other Firearms, making it the 16th largest exporter of Other Firearms in the world. At the same year, Other Firearms was the 266th most exported product in Philippines. The main destination of Other Firearms exports from Philippines are: United States ($16.3M), Thailand ($62.5k), Indonesia ($45.6k), Hong Kong ($21.1k), and Canada ($1.59k).

The fastest growing export markets for Other Firearms of Philippines between 2022 and 2023 were United States ($4.02M), Indonesia ($45.6k), and Hong Kong ($21.1k).

Imports In 2023, Philippines imported $6.53M in Other Firearms, becoming the 31st largest importer of Other Firearms in the world. At the same year, Other Firearms was the 747th most imported product in Philippines. Philippines imports Other Firearms primarily from: Brazil ($2M), United States ($1.81M), Turkey ($1.04M), China ($487k), and Italy ($351k).

The fastest growing import markets in Other Firearms for Philippines between 2022 and 2023 were United States ($648k), China ($485k), and Slovakia ($325k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Firearms exports accounted up to $3.91M and imports accounted up to $755k, resulting in a positive trade balance of $3.16M. Between June 2023 and July 2024 the exports of Philippines'   Other Firearms have increased by $1.84M (89%) from $2.07M to $3.91M, while imports increased by $509k (207%) from $245k to $755k.

Destinations In July 2024, Other Firearms were exported mostly to United States ($3.91M), and were imported mostly from United States ($347k), Turkey ($264k), New Zealand ($85.3k), Cyprus ($18.1k), and Czechia ($15.8k).

Growth In July 2024, the increase in Other Firearms's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Other Firearms's year-by-year imports was explained primarily by an increase in imports from Turkey ($84.9k or 53.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$1.84M(89%)
IMPORT GROWTH (June 2023 - July 2024)$509k(207%)
MAIN DESTINATION (July 2024)United States$3.91M

This section shows Other Firearms'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 Other Firearms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$16.4M
IMPORTS (2023)$6.53M
NET TRADE (2023)$9.92M

In 2023, Philippines exported $16.4M in Other Firearms. The main destinations of Philippines exports on Other Firearms were United States ($16.3M), Thailand ($62.5k), Indonesia ($45.6k), Hong Kong ($21.1k), and Canada ($1.59k).

In 2023, Philippines imported $6.53M in Other Firearms, mainly from Brazil ($2M), United States ($1.81M), Turkey ($1.04M), China ($487k), and Italy ($351k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Firearms EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$4.02M (32.7%)
Indonesia$45.6k (1%)
Hong Kong$21.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Firearms BY Philippines WERE (2022 - 2023):
Canada-$52.3k (-97%)
Paraguay-$48k (-100%)
Thailand-$46k (-42.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Other Firearms were:
Italy $426M
Turkey $267M
Brazil $241M
In 2023, Philippines's main importing competitors in Other Firearms were:
United States $954M
Canada $146M
France $73.3M

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Trade Value of Other Firearms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $300k
TOP IMPORT POTENTIALTurkey+ $426k

Other Firearms’s highest export potential is United States. With an export gap of $300k.   Other Firearms’s highest import potential is Turkey with an import gap of $426k.

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