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2022
Exports $1.1MWorld Rnk 60 / 179
Flag Rnk 596 / 1127
2022
Destination $431k China
2021 - 2022
FASTEST GROWING MARKET $431kChina
2022
PRODUCT COMPLEXITY IN Other Metal Fasteners0.83Rnk 230 / 1025
2022
Imports $58.2MWorld Rnk 24 / 214
Flag Rnk 359 / 1201
2022
Origin $4.14M China
2021 - 2022
FASTEST GROWING ORIGIN $4.14MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.1M in Other Metal Fasteners, making it the 60th largest exporter of Other Metal Fasteners in the world. At the same year, Other Metal Fasteners was the 596th most exported product in Philippines. The main destination of Other Metal Fasteners exports from Philippines are: China ($454k), United States ($164k), Vietnam ($117k), India ($59k), and Mexico ($48.7k).

The fastest growing export markets for Other Metal Fasteners of Philippines between 2021 and 2022 were China ($431k), United States ($120k), and Mexico ($45.1k).

Imports In 2022, Philippines imported $58.2M in Other Metal Fasteners, becoming the 24th largest importer of Other Metal Fasteners in the world. At the same year, Other Metal Fasteners was the 359th most imported product in Philippines. Philippines imports Other Metal Fasteners primarily from: China ($35.9M), Hong Kong ($9.47M), Vietnam ($6.02M), South Korea ($2.63M), and Chinese Taipei ($1.76M).

The fastest growing import markets in Other Metal Fasteners for Philippines between 2021 and 2022 were China ($4.14M), Japan ($243k), and Singapore ($118k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Other Metal Fasteners exports accounted up to $52k and imports accounted up to $2.29M, resulting in a negative trade balance of $2.24M. Between August 2023 and August 2024 the exports of Philippines'   Other Metal Fasteners have increased by $17.6k (50.9%) from $34.5k to $52k, while imports decreased by $-286k (-11.1%) from $2.58M to $2.29M.

Destinations In August 2024, Other Metal Fasteners were exported mostly to United States ($31.5k), Vietnam ($12.4k), Mexico ($4.32k), Singapore ($2.47k), and China ($1.13k), and were imported mostly from China ($1.01M), Hong Kong ($598k), Vietnam ($319k), Chinese Taipei ($144k), and South Korea ($125k).

Growth In August 2024, the increase in Other Metal Fasteners's year-by-year exports was explained primarily by an increase in exports to United States ($5.6k or 154%) and China ($217 or 18.2%). In August 2024, the decrease in Other Metal Fasteners's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-1.28M or -77.3%), Japan ($-212k or -63.5%), and Vietnam ($-148k or -51.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$17.6k(50.9%)
IMPORT GROWTH (August 2023 - August 2024)$-286k(-11.1%)
MAIN DESTINATION (August 2024)United States$31.5k

This section shows Other Metal Fasteners'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 Metal Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.1M
IMPORTS (2022)$58.2M
NET TRADE (2022)-$57.1M

In 2022, Philippines exported $1.1M in Other Metal Fasteners. The main destinations of Philippines exports on Other Metal Fasteners were China ($454k), United States ($164k), Vietnam ($117k), India ($59k), and Mexico ($48.7k).

In 2022, Philippines imported $58.2M in Other Metal Fasteners, mainly from China ($35.9M), Hong Kong ($9.47M), Vietnam ($6.02M), South Korea ($2.63M), and Chinese Taipei ($1.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Metal Fasteners EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$431k (1.87k%)
United States$120k (277%)
Mexico$45.1k (1.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Metal Fasteners BY Philippines WERE (2021 - 2022):
India-$168k (-74%)
Cambodia-$148k (-79.1%)
Vietnam-$84.1k (-41.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Metal Fasteners were:
China $1.78B
Italy $571M
Germany $272M
In 2022, Philippines's main importing competitors in Other Metal Fasteners were:
France $461M
Germany $318M
United States $298M

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Trade Value of Other Metal Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $143k
TOP IMPORT POTENTIALChina+ $3.33M

Other Metal Fasteners’s highest export potential is United States. With an export gap of $143k.   Other Metal Fasteners’s highest import potential is China with an import gap of $3.33M.

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