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2022
Exports $23.8MWorld Rnk 21 / 197
Flag Rnk 238 / 1127
2022
Destination $458k United States
2021 - 2022
FASTEST GROWING MARKET $458kGermany
2022
PRODUCT COMPLEXITY IN Party Decorations-0.73Rnk 764 / 1025
2022
Imports $94.3MWorld Rnk 18 / 221
Flag Rnk 279 / 1201
2022
Origin $40.7M China
2021 - 2022
FASTEST GROWING ORIGIN $40.7MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $23.8M in Party Decorations, making it the 21st largest exporter of Party Decorations in the world. At the same year, Party Decorations was the 238th most exported product in Philippines. The main destination of Party Decorations exports from Philippines are: United States ($17.3M), Australia ($884k), Italy ($811k), Germany ($588k), and Norway ($461k).

The fastest growing export markets for Party Decorations of Philippines between 2021 and 2022 were Germany ($458k), Italy ($398k), and Australia ($358k).

Imports In 2022, Philippines imported $94.3M in Party Decorations, becoming the 18th largest importer of Party Decorations in the world. At the same year, Party Decorations was the 279th most imported product in Philippines. Philippines imports Party Decorations primarily from: China ($92.3M), Japan ($691k), Malaysia ($448k), Singapore ($209k), and Italy ($132k).

The fastest growing import markets in Party Decorations for Philippines between 2021 and 2022 were China ($40.7M), Singapore ($198k), and Malaysia ($166k).

COMPANIES In 2023, leading companies such as Guess Clothing (6), Euromarket Designs (5), and Walong Marketing (2) were at the forefront of shipping Party Decorations from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Party Decorations exports accounted up to $1.1M and imports accounted up to $2.97M, resulting in a negative trade balance of $1.88M. Between October 2023 and October 2024 the exports of Philippines'   Party Decorations have increased by $258k (30.9%) from $837k to $1.1M, while imports increased by $254k (9.35%) from $2.72M to $2.97M.

Destinations In October 2024, Party Decorations were exported mostly to United States ($508k), Hong Kong ($214k), Australia ($96k), Japan ($77k), and Canada ($44.4k), and were imported mostly from China ($2.78M), Japan ($88.5k), United States ($32.6k), Chinese Taipei ($23.6k), and India ($18.7k).

Growth In October 2024, the increase in Party Decorations's year-by-year exports was explained primarily by an increase in exports to United States ($1.66M or 547%), Saudi Arabia ($61.6k or 714%), and Brazil ($29.9k or 1.04k%). In October 2024, the increase in Party Decorations's year-by-year imports was explained primarily by an increase in imports from South Korea ($21.3k or 273%), Hong Kong ($515 or 348%), and United Kingdom ($380 or 25.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$258k(30.9%)
IMPORT GROWTH (October 2023 - October 2024)$254k(9.35%)
MAIN DESTINATION (October 2024)United States$508k

This section shows Party Decorations'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 Party Decorations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.8M
IMPORTS (2022)$94.3M
NET TRADE (2022)-$70.5M

In 2022, Philippines exported $23.8M in Party Decorations. The main destinations of Philippines exports on Party Decorations were United States ($17.3M), Australia ($884k), Italy ($811k), Germany ($588k), and Norway ($461k).

In 2022, Philippines imported $94.3M in Party Decorations, mainly from China ($92.3M), Japan ($691k), Malaysia ($448k), Singapore ($209k), and Italy ($132k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Party Decorations EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$458k (354%)
Italy$398k (96.5%)
Australia$358k (68.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Party Decorations BY Philippines WERE (2021 - 2022):
Malaysia-$269k (-85.1%)
United Kingdom-$77.6k (-23.7%)
China-$75.1k (-78.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Party Decorations were:
China $11.7B
Netherlands $304M
United States $168M
In 2022, Philippines's main importing competitors in Party Decorations were:
United States $7.33B
United Kingdom $624M
Canada $568M

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Trade Value of Party Decorations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.73M
TOP IMPORT POTENTIALChina+ $10.5M

Party Decorations’s highest export potential is United States. With an export gap of $6.73M.   Party Decorations’s highest import potential is China with an import gap of $10.5M.

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