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2023
Exports $43.6MWorld Rnk 10 / 105
Flag Rnk 178 / 1123
2023
Destination $3.49M Australia
2022 - 2023
FASTEST GROWING MARKET $3.49MIndonesia
2023
PRODUCT COMPLEXITY IN Prepared Explosives-0.95Rnk 814 / 1025
2023
Imports $5.84MWorld Rnk 58 / 170
Flag Rnk 766 / 1202
2023
Origin $2.02M South Africa
2022 - 2023
FASTEST GROWING ORIGIN $2.02MSouth Africa
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $43.6M in Prepared Explosives, making it the 10th largest exporter of Prepared Explosives in the world. At the same year, Prepared Explosives was the 178th most exported product in Philippines. The main destination of Prepared Explosives exports from Philippines are: Australia ($31.5M), Indonesia ($8.98M), Papua New Guinea ($957k), Laos ($935k), and Palau ($466k).

The fastest growing export markets for Prepared Explosives of Philippines between 2022 and 2023 were Indonesia ($3.49M), Papua New Guinea ($673k), and Palau ($466k).

Imports In 2023, Philippines imported $5.84M in Prepared Explosives, becoming the 58th largest importer of Prepared Explosives in the world. At the same year, Prepared Explosives was the 766th most imported product in Philippines. Philippines imports Prepared Explosives primarily from: South Africa ($2.63M), India ($2.38M), Malaysia ($560k), Singapore ($72.5k), and France ($56.6k).

The fastest growing import markets in Prepared Explosives for Philippines between 2022 and 2023 were South Africa ($2.02M), India ($1.03M), and Malaysia ($560k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Prepared Explosives exports accounted up to $2.15M and imports accounted up to $553k, resulting in a positive trade balance of $1.6M. Between June 2023 and July 2024 the exports of Philippines'   Prepared Explosives have decreased by $-8.62M (-80%) from $10.8M to $2.15M, while imports increased by $547k (9.61k%) from $5.69k to $553k.

Destinations In July 2024, Prepared Explosives were exported mostly to Australia ($1.53M) and Indonesia ($617k), and were imported mostly from Indonesia ($313k), Malaysia ($237k), United States ($1.68k), and France ($1.24k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$-8.62M(-80%)
IMPORT GROWTH (June 2023 - July 2024)$547k(9.61k%)
MAIN DESTINATION (July 2024)Australia$1.53M

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 (2023)$43.6M
IMPORTS (2023)$5.84M
NET TRADE (2023)$37.7M

In 2023, Philippines exported $43.6M in Prepared Explosives. The main destinations of Philippines exports on Prepared Explosives were Australia ($31.5M), Indonesia ($8.98M), Papua New Guinea ($957k), Laos ($935k), and Palau ($466k).

In 2023, Philippines imported $5.84M in Prepared Explosives, mainly from South Africa ($2.63M), India ($2.38M), Malaysia ($560k), Singapore ($72.5k), and France ($56.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Prepared Explosives EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Indonesia$3.49M (63.4%)
Papua New Guinea$673k (237%)
Palau$466k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Explosives BY Philippines WERE (2022 - 2023):
Australia-$2.05M (-6.11%)
Laos-$677k (-42%)
New Zealand-$508k (-69.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Prepared Explosives were:
United States $274M
Russia $99.5M
India $88.8M
In 2023, Philippines's main importing competitors in Prepared Explosives were:
United States $140M
Peru $128M
Canada $94.4M

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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.

See methodology.

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