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2018
Exports $2.22MWorld Rnk 58 / 180
Flag Rnk 503 / 1123
2018
Destination $154k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $154kHong Kong
2023
PRODUCT COMPLEXITY IN Precious Metal Watches0.62Rnk 321 / 1025
2018
Imports $9.07MWorld Rnk 67 / 210
Flag Rnk 691 / 1202
2018
Origin $558k Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $558kSwitzerland
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2018, Philippines exported $2.22M in Precious Metal Watches, making it the 58th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 503rd most exported product in Philippines. The main destination of Precious Metal Watches exports from Philippines are: Hong Kong ($1.6M), Australia ($222k), Singapore ($105k), Saudi Arabia ($94.8k), and Indonesia ($31.9k).

The fastest growing export markets for Precious Metal Watches of Philippines between 2022 and 2023 were Hong Kong ($154k), Saudi Arabia ($94.1k), and Netherlands ($18.3k).

Imports In 2023, Philippines imported $9.07M in Precious Metal Watches, becoming the 67th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 691st most imported product in Philippines. Philippines imports Precious Metal Watches primarily from: Switzerland ($3.93M), Hong Kong ($1.19M), China ($1.13M), Ireland ($535k), and Singapore ($466k).

The fastest growing import markets in Precious Metal Watches for Philippines between 2022 and 2023 were Switzerland ($558k), Malaysia ($264k), and China ($202k).

COMPANIES In 2023, leading companies such as Panasonic (1) were at the forefront of shipping Precious Metal Watches from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Precious Metal Watches exports accounted up to $3.96k and imports accounted up to $825k, resulting in a negative trade balance of $821k. Between June 2023 and July 2024 the exports of Philippines'   Precious Metal Watches have decreased by $-173k (-97.8%) from $177k to $3.96k, while imports decreased by $-60.2k (-6.8%) from $885k to $825k.

Destinations In July 2024, Precious Metal Watches were exported mostly to Malaysia ($2.12k) and Switzerland ($1.84k), and were imported mostly from Switzerland ($801k), France ($8.64k), Hong Kong ($4.96k), China ($3.97k), and Singapore ($2.25k).

Growth In July 2024, the decrease in Precious Metal Watches's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Precious Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-403k or -99.4%), Japan ($-21.7k or -94.3%), and United States ($-2.27k or -82%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$-173k(-97.8%)
IMPORT GROWTH (July 2023 - July 2024)$-60.2k(-6.8%)
MAIN DESTINATION (July 2024)Malaysia$2.12k

This section shows Precious Metal Watches'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 Precious Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.22M
IMPORTS (2023)$9.07M
NET TRADE (2023)-$6.85M

In 2023, Philippines exported $2.22M in Precious Metal Watches. The main destinations of Philippines exports on Precious Metal Watches were Hong Kong ($1.6M), Australia ($222k), Singapore ($105k), Saudi Arabia ($94.8k), and Indonesia ($31.9k).

In 2023, Philippines imported $9.07M in Precious Metal Watches, mainly from Switzerland ($3.93M), Hong Kong ($1.19M), China ($1.13M), Ireland ($535k), and Singapore ($466k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Hong Kong$154k (10.6%)
Saudi Arabia$94.1k (13.9k%)
Netherlands$18.3k (277%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Philippines WERE (2022 - 2023):
Singapore-$251k (-70.5%)
New Zealand-$80.1k (-100%)
South Korea-$56.2k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Precious Metal Watches were:
Switzerland $12.4B
France $826M
Singapore $636M
In 2023, Philippines's main importing competitors in Precious Metal Watches were:
Hong Kong $2.61B
United States $1.89B
Switzerland $1.53B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $509k
TOP IMPORT POTENTIALSwitzerland+ $1.32M

Precious Metal Watches’s highest export potential is Hong Kong. With an export gap of $509k.   Precious Metal Watches’s highest import potential is Switzerland with an import gap of $1.32M.

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