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2022
Exports $255MWorld Rnk 41 / 217
Flag Rnk 33 / 96
2022
Destination $24M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $24MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes1.08Rnk 144 / 1025
2022
Imports $743MWorld Rnk 34 / 225
Flag Rnk 41 / 96
2022
Origin $104M China
2021 - 2022
FASTEST GROWING ORIGIN $104MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $255M in Paints, dyes, & varnishes, making it the 41st largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 33rd most exported product in Philippines. The main destination of Paints, dyes, & varnishes exports from Philippines are: United Kingdom ($28.7M), Germany ($28.5M), France ($24.1M), United States ($19.4M), and Thailand ($18.6M).

The fastest growing export markets for Paints, dyes, & varnishes of Philippines between 2021 and 2022 were United Kingdom ($24M), Germany ($20.2M), and Chinese Taipei ($1.43M).

Imports In 2022, Philippines imported $743M in Paints, dyes, & varnishes, becoming the 34th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 41st most imported product in Philippines. Philippines imports Paints, dyes, & varnishes primarily from: China ($131M), South Korea ($129M), Japan ($116M), Thailand ($50.9M), and Australia ($40.9M).

The fastest growing import markets in Paints, dyes, & varnishes for Philippines between 2021 and 2022 were South Korea ($104M), Thailand ($7.46M), and Malaysia ($4.92M).

COMPANIES In 2023, leading companies such as Brother Industries (7), Amazon (1), and Panasonic (1) were at the forefront of shipping Paints, dyes, & varnishes from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Paints, dyes, & varnishes exports accounted up to $7.73M and imports accounted up to $32.1M, resulting in a negative trade balance of $24.3M. Between June 2023 and June 2024 the exports of Philippines'   Paints, dyes, & varnishes have decreased by $-2.08M (-21.2%) from $9.8M to $7.73M, while imports decreased by $-14.3M (-30.8%) from $46.3M to $32.1M.

Destinations In June 2024, Paints, dyes, & varnishes were exported mostly to Japan ($1.63M), Thailand ($1.22M), United States ($1.09M), Mexico ($565k), and India ($555k), and were imported mostly from Japan ($8.5M), Thailand ($5.19M), Australia ($4.02M), Germany ($2.18M), and Singapore ($1.89M).

Growth In June 2024, the decrease in Paints, dyes, & varnishes's year-by-year exports was explained primarily by a decrease in exports to United States ($-993k or -54.4%), India ($-661k or -49.7%), and China ($-274k or -34.2%). In June 2024, the decrease in Paints, dyes, & varnishes's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-1.38M or -54.4%), Australia ($-1.31M or -57.8%), and Japan ($-564k or -7.37%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.08M(-21.2%)
IMPORT GROWTH (June 2023 - June 2024)$-14.3M(-30.8%)
MAIN DESTINATION (June 2024)Japan$1.63M

This section shows Paints, dyes, & varnishes'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 Paints, dyes, & varnishes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$255M
IMPORTS (2022)$743M
NET TRADE (2022)-$488M

In 2022, Philippines exported $255M in Paints, dyes, & varnishes. The main destinations of Philippines exports on Paints, dyes, & varnishes were United Kingdom ($28.7M), Germany ($28.5M), France ($24.1M), United States ($19.4M), and Thailand ($18.6M).

In 2022, Philippines imported $743M in Paints, dyes, & varnishes, mainly from China ($131M), South Korea ($129M), Japan ($116M), Thailand ($50.9M), and Australia ($40.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$24M (515%)
Germany$20.2M (245%)
Chinese Taipei$1.43M (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Philippines WERE (2021 - 2022):
United States-$16M (-45.2%)
Japan-$8.83M (-48.7%)
Netherlands-$7.45M (-29.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Paints, dyes, & varnishes were:
Germany $13B
China $11.5B
United States $8.63B
In 2022, Philippines's main importing competitors in Paints, dyes, & varnishes were:
United States $5.95B
Germany $5.41B
China $4.84B

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.1M
TOP IMPORT POTENTIALChina+ $35.5M

Paints, dyes, & varnishes’s highest export potential is China. With an export gap of $13.1M.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $35.5M.

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