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2022
Exports $846kWorld Rnk 50 / 161
Flag Rnk 621 / 1127
2022
Destination $28.5k United States
2021 - 2022
FASTEST GROWING MARKET $28.5kChinese Taipei
2022
PRODUCT COMPLEXITY IN Pearl Products-0.51Rnk 707 / 1025
2022
Imports $971kWorld Rnk 64 / 200
Flag Rnk 1001 / 1201
2022
Origin $258k China
2021 - 2022
FASTEST GROWING ORIGIN $258kSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $846k in Pearl Products, making it the 50th largest exporter of Pearl Products in the world. At the same year, Pearl Products was the 621st most exported product in Philippines. The main destination of Pearl Products exports from Philippines are: United States ($403k), Hong Kong ($134k), United Arab Emirates ($76.1k), China ($45.5k), and Chinese Taipei ($28.5k).

The fastest growing export markets for Pearl Products of Philippines between 2021 and 2022 were Chinese Taipei ($28.5k), Fiji ($23.2k), and United States ($20.2k).

Imports In 2022, Philippines imported $971k in Pearl Products, becoming the 64th largest importer of Pearl Products in the world. At the same year, Pearl Products was the 1001st most imported product in Philippines. Philippines imports Pearl Products primarily from: China ($364k), Singapore ($265k), France ($123k), Hong Kong ($101k), and Italy ($31k).

The fastest growing import markets in Pearl Products for Philippines between 2021 and 2022 were Singapore ($258k), Hong Kong ($85.4k), and France ($40.4k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Pearl Products exports accounted up to $140k and imports accounted up to $15.1k, resulting in a positive trade balance of $124k. Between October 2023 and October 2024 the exports of Philippines'   Pearl Products have decreased by $-52.8k (-27.5%) from $192k to $140k, while imports decreased by $-134k (-89.9%) from $149k to $15.1k.

Destinations In October 2024, Pearl Products were exported mostly to Hong Kong ($89.5k) and United States ($50k), and were imported mostly from Thailand ($7.8k), United States ($2.07k), Vietnam ($1.69k), India ($1.67k), and China ($1.08k).

Growth In October 2024, the decrease in Pearl Products's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Pearl Products's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-62 or -21.7%) and United States ($-8 or -7.55%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-52.8k(-27.5%)
IMPORT GROWTH (October 2023 - October 2024)$-134k(-89.9%)
MAIN DESTINATION (October 2024)Hong Kong$89.5k

This section shows Pearl Products'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 Pearl Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$846k
IMPORTS (2022)$971k
NET TRADE (2022)-$125k

In 2022, Philippines exported $846k in Pearl Products. The main destinations of Philippines exports on Pearl Products were United States ($403k), Hong Kong ($134k), United Arab Emirates ($76.1k), China ($45.5k), and Chinese Taipei ($28.5k).

In 2022, Philippines imported $971k in Pearl Products, mainly from China ($364k), Singapore ($265k), France ($123k), Hong Kong ($101k), and Italy ($31k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pearl Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$28.5k (1%)
Fiji$23.2k (1%)
United States$20.2k (5.27%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pearl Products BY Philippines WERE (2021 - 2022):
Japan-$198k (-87.8%)
Macau-$133k (-93.9%)
Hong Kong-$33.1k (-19.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Pearl Products were:
China $424M
United States $313M
Thailand $162M
In 2022, Philippines's main importing competitors in Pearl Products were:
United States $358M
Hong Kong $187M
China $141M

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Trade Value of Pearl Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $238k
TOP IMPORT POTENTIALChina+ $338k

Pearl Products’s highest export potential is United States. With an export gap of $238k.   Pearl Products’s highest import potential is China with an import gap of $338k.

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