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2022
Exports $40.3MWorld Rnk 10 / 101
Flag Rnk 188 / 1127
2022
Destination $12.8M Australia
2021 - 2022
FASTEST GROWING MARKET $12.8MAustralia
2022
PRODUCT COMPLEXITY IN Prepared Explosives-1.12Rnk 863 / 1025
2022
Imports $12.2MWorld Rnk 25 / 166
Flag Rnk 681 / 1201
2022
Origin $1.09M India
2021 - 2022
FASTEST GROWING ORIGIN $1.09MAustralia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $40.3M in Prepared Explosives, making it the 10th largest exporter of Prepared Explosives in the world. At the same year, Prepared Explosives was the 188th most exported product in Philippines. The main destination of Prepared Explosives exports from Philippines are: Australia ($31.6M), Indonesia ($5.58M), Laos ($1.61M), New Zealand ($691k), and Papua New Guinea ($285k).

The fastest growing export markets for Prepared Explosives of Philippines between 2021 and 2022 were Australia ($12.8M), Laos ($1.61M), and New Zealand ($238k).

Imports In 2022, Philippines imported $12.2M in Prepared Explosives, becoming the 25th largest importer of Prepared Explosives in the world. At the same year, Prepared Explosives was the 681st most imported product in Philippines. Philippines imports Prepared Explosives primarily from: India ($5.9M), South Korea ($4.71M), Australia ($1.09M), South Africa ($463k), and United States ($17.7k).

The fastest growing import markets in Prepared Explosives for Philippines between 2021 and 2022 were Australia ($1.09M) and India ($947k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Prepared Explosives exports accounted up to $4.73M and imports accounted up to $7.03k, resulting in a positive trade balance of $4.72M. Between May 2023 and June 2024 the exports of Philippines'   Prepared Explosives have increased by $1.87M (65.1%) from $2.86M to $4.73M, while imports decreased by $-1.01M (-99.3%) from $1.02M to $7.03k.

Destinations In June 2024, Prepared Explosives were exported mostly to Australia ($2.77M) and Indonesia ($1.96M), and were imported mostly from Israel ($7.03k).

Growth In June 2024, the increase in Prepared Explosives's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Prepared Explosives's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$1.87M(65.1%)
IMPORT GROWTH (May 2023 - June 2024)$-1.01M(-99.3%)
MAIN DESTINATION (June 2024)Australia$2.77M

This section shows Prepared Explosives'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 Prepared Explosives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.3M
IMPORTS (2022)$12.2M
NET TRADE (2022)$28M

In 2022, Philippines exported $40.3M in Prepared Explosives. The main destinations of Philippines exports on Prepared Explosives were Australia ($31.6M), Indonesia ($5.58M), Laos ($1.61M), New Zealand ($691k), and Papua New Guinea ($285k).

In 2022, Philippines imported $12.2M in Prepared Explosives, mainly from India ($5.9M), South Korea ($4.71M), Australia ($1.09M), South Africa ($463k), and United States ($17.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Explosives EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Australia$12.8M (68.1%)
Laos$1.61M (1%)
New Zealand$238k (52.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Explosives BY Philippines WERE (2021 - 2022):
Indonesia-$3.38M (-37.7%)
Papua New Guinea-$498k (-63.6%)
Thailand-$209k (-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 Prepared Explosives were:
United States $256M
Russia $95.2M
South Africa $67.7M
In 2022, Philippines's main importing competitors in Prepared Explosives were:
United States $128M
Canada $102M
Peru $89.2M

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Trade Value of Prepared Explosives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $20.3k
TOP IMPORT POTENTIALSouth Africa+ $283k

Prepared Explosives’s highest export potential is Hong Kong. With an export gap of $20.3k.   Prepared Explosives’s highest import potential is South Africa with an import gap of $283k.

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