2022
Exports
$10.1MWorld Rnk 32 / 162
Flag Rnk 335 / 1127
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$815kWorld Rnk 63 / 185
Flag Rnk 1019 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $10.1M in Precious Stones, making it the 32nd largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 335th most exported product in Philippines. The main destination of Precious Stones exports from Philippines are: China ($10M), Hong Kong ($12.5k), Czechia ($6.35k), United States ($2.92k), and France ($857).

The fastest growing export markets for Precious Stones of Philippines between 2021 and 2022 were China ($6.26M), Hong Kong ($12.5k), and South Korea ($305).

Imports In 2022, Philippines imported $815k in Precious Stones, becoming the 63rd largest importer of Precious Stones in the world. At the same year, Precious Stones was the 1019th most imported product in Philippines. Philippines imports Precious Stones primarily from: China ($323k), Thailand ($222k), Hong Kong ($90.9k), Germany ($38.7k), and United States ($32.5k).

The fastest growing import markets in Precious Stones for Philippines between 2021 and 2022 were China ($315k), Thailand ($67.3k), and Hong Kong ($54.5k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Precious Stones. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.1M
IMPORTS (2022)$815k
NET TRADE (2022)$9.24M

In 2022, Philippines exported $10.1M in Precious Stones. The main destinations of Philippines exports on Precious Stones were China ($10M), Hong Kong ($12.5k), Czechia ($6.35k), United States ($2.92k), and France ($857).

In 2022, Philippines imported $815k in Precious Stones, mainly from China ($323k), Thailand ($222k), Hong Kong ($90.9k), Germany ($38.7k), and United States ($32.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$6.26M (166%)
Hong Kong$12.5k (1%)
South Korea$305 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Philippines WERE (2021 - 2022):
United States-$16.8k (-85.2%)
Italy-$13.7k (-100%)
Czechia-$11.9k (-65.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Precious Stones were:
In 2022, Philippines's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $6.49M
TOP IMPORT POTENTIALThailand+ $270k

Precious Stones’s highest export potential is China. With an export gap of $6.49M.   Precious Stones’s highest import potential is Thailand with an import gap of $270k.

See methodology.

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