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2022
Exports $2.46MWorld Rnk 60 / 178
Flag Rnk 496 / 1127
2022
Destination $1.03M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.03MHong Kong
2022
PRODUCT COMPLEXITY IN Precious Metal Watches0.4Rnk 410 / 1025
2022
Imports $23.9MWorld Rnk 50 / 208
Flag Rnk 542 / 1201
2022
Origin $5.3M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $5.3MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.46M in Precious Metal Watches, making it the 60th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 496th most exported product in Philippines. The main destination of Precious Metal Watches exports from Philippines are: Hong Kong ($1.5M), Singapore ($362k), Australia ($219k), New Zealand ($80.1k), and South Korea ($56.2k).

The fastest growing export markets for Precious Metal Watches of Philippines between 2021 and 2022 were Hong Kong ($1.03M), Australia ($214k), and South Korea ($41k).

Imports In 2022, Philippines imported $23.9M in Precious Metal Watches, becoming the 50th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 542nd most imported product in Philippines. Philippines imports Precious Metal Watches primarily from: Singapore ($12.3M), Switzerland ($3.34M), Italy ($2.19M), Hong Kong ($1.71M), and France ($1.4M).

The fastest growing import markets in Precious Metal Watches for Philippines between 2021 and 2022 were Singapore ($5.3M), Italy ($1.95M), and France ($1.36M).

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

August 2024

About

Overview In August 2024 Philippines' Precious Metal Watches exports accounted up to $1.3k and imports accounted up to $673k, resulting in a negative trade balance of $671k. Between July 2023 and August 2024 the exports of Philippines'   Precious Metal Watches have decreased by $-306k (-99.6%) from $307k to $1.3k, while imports decreased by $-14.9k (-2.16%) from $687k to $673k.

Destinations In August 2024, Precious Metal Watches were exported mostly to Malaysia ($1.3k), and were imported mostly from Switzerland ($648k), Hong Kong ($12.7k), China ($6.16k), France ($2.32k), and United States ($1.97k).

Growth In August 2024, the decrease in Precious Metal Watches's year-by-year exports was explained primarily by a decrease in exports to . In August 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 (July 2023 - August 2024)$-306k(-99.6%)
IMPORT GROWTH (August 2023 - August 2024)$-14.9k(-2.16%)
MAIN DESTINATION (August 2024)Malaysia$1.3k

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 (2022)$2.46M
IMPORTS (2022)$23.9M
NET TRADE (2022)-$21.5M

In 2022, Philippines exported $2.46M in Precious Metal Watches. The main destinations of Philippines exports on Precious Metal Watches were Hong Kong ($1.5M), Singapore ($362k), Australia ($219k), New Zealand ($80.1k), and South Korea ($56.2k).

In 2022, Philippines imported $23.9M in Precious Metal Watches, mainly from Singapore ($12.3M), Switzerland ($3.34M), Italy ($2.19M), Hong Kong ($1.71M), and France ($1.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$1.03M (217%)
Australia$214k (4.1k%)
South Korea$41k (270%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Philippines WERE (2021 - 2022):
Singapore-$655k (-64.4%)
New Zealand-$54.3k (-40.4%)
Japan-$51.4k (-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 Precious Metal Watches were:
Switzerland $9.41B
Singapore $895M
France $801M
In 2022, Philippines's main importing competitors in Precious Metal Watches were:
Hong Kong $2.35B
United States $1.76B
Switzerland $1.5B

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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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