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2022
Exports $120kWorld Rnk 36 / 137
Flag Rnk 817 / 1127
2022
Destination $32.6k Japan
2021 - 2022
FASTEST GROWING MARKET $32.6kJapan
2022
Imports $1.07MWorld Rnk 27 / 202
Flag Rnk 992 / 1201
2022
Origin $53k China
2021 - 2022
FASTEST GROWING ORIGIN $53kIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $120k in Other Musical Instruments, making it the 36th largest exporter of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 817th most exported product in Philippines. The main destination of Other Musical Instruments exports from Philippines are: Japan ($32.6k), United Arab Emirates ($27.7k), South Korea ($19.1k), Germany ($18.3k), and United Kingdom ($10.7k).

The fastest growing export markets for Other Musical Instruments of Philippines between 2021 and 2022 were Japan ($32.6k), Germany ($18.3k), and South Korea ($14k).

Imports In 2022, Philippines imported $1.07M in Other Musical Instruments, becoming the 27th largest importer of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 992nd most imported product in Philippines. Philippines imports Other Musical Instruments primarily from: China ($895k), Japan ($59.9k), Indonesia ($53k), Singapore ($24.3k), and Malaysia ($11.7k).

The fastest growing import markets in Other Musical Instruments for Philippines between 2021 and 2022 were Indonesia ($53k), Japan ($48k), and Singapore ($22.2k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Musical Instruments exports accounted up to $37.8k and imports accounted up to $12.9k, resulting in a positive trade balance of $24.9k. Between March 2023 and June 2024 the exports of Philippines'   Other Musical Instruments have increased by $6.14k (19.4%) from $31.7k to $37.8k, while imports decreased by $-17.7k (-57.8%) from $30.6k to $12.9k.

Destinations In June 2024, Other Musical Instruments were exported mostly to United States ($37.7k) and United Arab Emirates ($110), and were imported mostly from Canada ($11.1k), Chinese Taipei ($1.8k), and India ($73).

Growth In June 2024, the increase in Other Musical Instruments's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Other Musical Instruments's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - June 2024)$6.14k(19.4%)
IMPORT GROWTH (June 2023 - June 2024)$-17.7k(-57.8%)
MAIN DESTINATION (June 2024)United States$37.7k

This section shows Other Musical Instruments'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 Musical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$120k
IMPORTS (2022)$1.07M
NET TRADE (2022)-$951k

In 2022, Philippines exported $120k in Other Musical Instruments. The main destinations of Philippines exports on Other Musical Instruments were Japan ($32.6k), United Arab Emirates ($27.7k), South Korea ($19.1k), Germany ($18.3k), and United Kingdom ($10.7k).

In 2022, Philippines imported $1.07M in Other Musical Instruments, mainly from China ($895k), Japan ($59.9k), Indonesia ($53k), Singapore ($24.3k), and Malaysia ($11.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Musical Instruments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$32.6k (1%)
Germany$18.3k (1%)
South Korea$14k (276%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Musical Instruments BY Philippines WERE (2021 - 2022):
Sweden-$35.8k (-100%)
United Kingdom-$10.9k (-50.3%)
Ukraine-$1.17k (-100%)
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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 Musical Instruments were:
China $107M
United States $15.2M
Malaysia $7.21M
In 2022, Philippines's main importing competitors in Other Musical Instruments were:
United States $37.1M
United Kingdom $12.4M
Germany $11.7M

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Trade Value of Other Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $13.6k
TOP IMPORT POTENTIALChina+ $31.9k

Other Musical Instruments’s highest export potential is Japan. With an export gap of $13.6k.   Other Musical Instruments’s highest import potential is China with an import gap of $31.9k.

See methodology.

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