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2022
Exports $18.8MWorld Rnk 16 / 175
Flag Rnk 266 / 1127
2022
Destination $12.8M United States
2021 - 2022
FASTEST GROWING MARKET $12.8MUnited States
2022
PRODUCT COMPLEXITY IN Pencils and Crayons-0.17Rnk 604 / 1025
2022
Imports $28.8MWorld Rnk 19 / 214
Flag Rnk 506 / 1201
2022
Origin $11.3M China
2021 - 2022
FASTEST GROWING ORIGIN $11.3MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $18.8M in Pencils and Crayons, making it the 16th largest exporter of Pencils and Crayons in the world. At the same year, Pencils and Crayons was the 266th most exported product in Philippines. The main destination of Pencils and Crayons exports from Philippines are: United States ($16.5M), China ($473k), Vietnam ($407k), Mexico ($335k), and Germany ($304k).

The fastest growing export markets for Pencils and Crayons of Philippines between 2021 and 2022 were United States ($12.8M), China ($270k), and Germany ($269k).

Imports In 2022, Philippines imported $28.8M in Pencils and Crayons, becoming the 19th largest importer of Pencils and Crayons in the world. At the same year, Pencils and Crayons was the 506th most imported product in Philippines. Philippines imports Pencils and Crayons primarily from: China ($23.6M), United States ($2.27M), Singapore ($829k), Thailand ($678k), and Indonesia ($484k).

The fastest growing import markets in Pencils and Crayons for Philippines between 2021 and 2022 were China ($11.3M), United States ($1.45M), and Thailand ($583k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Pencils and Crayons from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Pencils and Crayons exports accounted up to $1.67M and imports accounted up to $618k, resulting in a positive trade balance of $1.05M. Between May 2023 and June 2024 the exports of Philippines'   Pencils and Crayons have increased by $509k (44%) from $1.16M to $1.67M, while imports decreased by $-988k (-61.5%) from $1.61M to $618k.

Destinations In June 2024, Pencils and Crayons were exported mostly to United States ($1.51M), Mexico ($91.3k), China ($52.9k), Vietnam ($12.2k), and Canada ($5.71k), and were imported mostly from United States ($198k), Thailand ($159k), Mexico ($144k), Japan ($64.7k), and France ($25.7k).

Growth In June 2024, the increase in Pencils and Crayons's year-by-year exports was explained primarily by an increase in exports to United States ($533k or 314%). In June 2024, the decrease in Pencils and Crayons's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-5.81k or -97.7%) and Japan ($-4.31k or -95.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$509k(44%)
IMPORT GROWTH (June 2023 - June 2024)$-988k(-61.5%)
MAIN DESTINATION (June 2024)United States$1.51M

This section shows Pencils and Crayons'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 Pencils and Crayons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.8M
IMPORTS (2022)$28.8M
NET TRADE (2022)-$9.99M

In 2022, Philippines exported $18.8M in Pencils and Crayons. The main destinations of Philippines exports on Pencils and Crayons were United States ($16.5M), China ($473k), Vietnam ($407k), Mexico ($335k), and Germany ($304k).

In 2022, Philippines imported $28.8M in Pencils and Crayons, mainly from China ($23.6M), United States ($2.27M), Singapore ($829k), Thailand ($678k), and Indonesia ($484k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pencils and Crayons EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$12.8M (343%)
China$270k (133%)
Germany$269k (781%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pencils and Crayons BY Philippines WERE (2021 - 2022):
Vietnam-$615k (-60.2%)
Poland-$132k (-47.5%)
Colombia-$124k (-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 Pencils and Crayons were:
China $911M
Germany $174M
Brazil $91.2M
In 2022, Philippines's main importing competitors in Pencils and Crayons were:
United States $377M
Germany $131M
France $63M

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Trade Value of Pencils and Crayons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $778k
TOP IMPORT POTENTIALIndonesia+ $491k

Pencils and Crayons’s highest export potential is China. With an export gap of $778k.   Pencils and Crayons’s highest import potential is Indonesia with an import gap of $491k.

See methodology.

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