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2018
Exports $36.1kWorld Rnk 77 / 162
Flag Rnk 919 / 1127
2018
Destination $16.8k Solomon Islands
2021 - 2022
FASTEST GROWING MARKET $16.8kSolomon Islands
2018
Imports $2.97MWorld Rnk 31 / 203
Flag Rnk 888 / 1201
2018
Origin $800k China
2021 - 2022
FASTEST GROWING ORIGIN $800kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2018, Philippines exported $36.1k in Percussion, making it the 77th largest exporter of Percussion in the world. At the same year, Percussion was the 919th most exported product in Philippines. The main destination of Percussion exports from Philippines are: Solomon Islands ($16.8k), Japan ($8.59k), United States ($4.52k), New Zealand ($2.96k), and United Kingdom ($2.07k).

The fastest growing export markets for Percussion of Philippines between 2021 and 2022 were Solomon Islands ($16.8k), Japan ($8.59k), and New Zealand ($2.96k).

Imports In 2022, Philippines imported $2.97M in Percussion, becoming the 31st largest importer of Percussion in the world. At the same year, Percussion was the 888th most imported product in Philippines. Philippines imports Percussion primarily from: China ($2.52M), United States ($221k), Thailand ($67.8k), Netherlands ($60.2k), and Singapore ($30.6k).

The fastest growing import markets in Percussion for Philippines between 2021 and 2022 were China ($800k), United States ($161k), and Netherlands ($60.2k).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Percussion exports accounted up to $1k and imports accounted up to $12.3k, resulting in a negative trade balance of $11.3k. Between July 2019 and December 2023 the exports of Philippines'   Percussion have increased by $533 (113%) from $470 to $1k, while imports decreased by $-115k (-90.3%) from $127k to $12.3k.

Destinations In December 2023, Percussion were exported mostly to , and were imported mostly from Japan ($11.4k), United States ($338), India ($322), and Thailand ($251).

Growth In December 2023, the increase in Percussion's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Percussion's year-by-year imports was explained primarily by a decrease in imports from China ($-38.7k or -31.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2019 - December 2023)$533(113%)
IMPORT GROWTH (June 2023 - June 2024)$-115k(-90.3%)
MAIN DESTINATION (December 2023)

This section shows Percussion'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 Percussion over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.1k
IMPORTS (2022)$2.97M
NET TRADE (2022)-$2.93M

In 2022, Philippines exported $36.1k in Percussion. The main destinations of Philippines exports on Percussion were Solomon Islands ($16.8k), Japan ($8.59k), United States ($4.52k), New Zealand ($2.96k), and United Kingdom ($2.07k).

In 2022, Philippines imported $2.97M in Percussion, mainly from China ($2.52M), United States ($221k), Thailand ($67.8k), Netherlands ($60.2k), and Singapore ($30.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Percussion EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Solomon Islands$16.8k (1%)
Japan$8.59k (1%)
New Zealand$2.96k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Percussion BY Philippines WERE (2021 - 2022):
Australia-$4k (-83.3%)
China-$2.4k (-100%)
Papua New Guinea-$2.04k (-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 Percussion were:
China $196M
Germany $82.6M
United States $55.1M
In 2022, Philippines's main importing competitors in Percussion were:
United States $163M
Germany $64.6M
United Kingdom $28.2M

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Trade Value of Percussion by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.84k
TOP IMPORT POTENTIALUnited States+ $91k

Percussion’s highest export potential is United States. With an export gap of $8.84k.   Percussion’s highest import potential is United States with an import gap of $91k.

See methodology.

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