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2022
Exports $2.76MWorld Rnk 58 / 197
Flag Rnk 475 / 1127
2022
Destination $1.3M Singapore
2021 - 2022
FASTEST GROWING MARKET $1.3MSingapore
2022
PRODUCT COMPLEXITY IN Pulley Systems0.82Rnk 238 / 1025
2022
Imports $37MWorld Rnk 39 / 218
Flag Rnk 450 / 1201
2022
Origin $5.66M China
2021 - 2022
FASTEST GROWING ORIGIN $5.66MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.76M in Pulley Systems, making it the 58th largest exporter of Pulley Systems in the world. At the same year, Pulley Systems was the 475th most exported product in Philippines. The main destination of Pulley Systems exports from Philippines are: Singapore ($1.44M), Netherlands ($381k), Germany ($200k), Denmark ($149k), and China ($126k).

The fastest growing export markets for Pulley Systems of Philippines between 2021 and 2022 were Singapore ($1.3M), Netherlands ($378k), and Germany ($166k).

Imports In 2022, Philippines imported $37M in Pulley Systems, becoming the 39th largest importer of Pulley Systems in the world. At the same year, Pulley Systems was the 450th most imported product in Philippines. Philippines imports Pulley Systems primarily from: China ($22M), Japan ($4.95M), Singapore ($1.51M), Germany ($1.45M), and Thailand ($1.27M).

The fastest growing import markets in Pulley Systems for Philippines between 2021 and 2022 were China ($5.66M), Japan ($743k), and Singapore ($684k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Pulley Systems exports accounted up to $26.7k and imports accounted up to $2.31M, resulting in a negative trade balance of $2.29M. Between July 2023 and July 2024 the exports of Philippines'   Pulley Systems have increased by $15.4k (137%) from $11.2k to $26.7k, while imports increased by $505k (28%) from $1.81M to $2.31M.

Destinations In July 2024, Pulley Systems were exported mostly to India ($21.6k), Singapore ($2.32k), Malaysia ($2.12k), and Japan ($670), and were imported mostly from China ($826k), Japan ($639k), Spain ($243k), Germany ($181k), and Chinese Taipei ($157k).

Growth In July 2024, the increase in Pulley Systems's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Pulley Systems's year-by-year imports was explained primarily by an increase in imports from Malaysia ($121k or 894%), United States ($53.6k or 507%), and South Korea ($42.5k or 12.5k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$15.4k(137%)
IMPORT GROWTH (July 2023 - July 2024)$505k(28%)
MAIN DESTINATION (July 2024)India$21.6k

This section shows Pulley Systems'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 Pulley Systems over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.76M
IMPORTS (2022)$37M
NET TRADE (2022)-$34.3M

In 2022, Philippines exported $2.76M in Pulley Systems. The main destinations of Philippines exports on Pulley Systems were Singapore ($1.44M), Netherlands ($381k), Germany ($200k), Denmark ($149k), and China ($126k).

In 2022, Philippines imported $37M in Pulley Systems, mainly from China ($22M), Japan ($4.95M), Singapore ($1.51M), Germany ($1.45M), and Thailand ($1.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pulley Systems EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$1.3M (920%)
Netherlands$378k (10.4k%)
Germany$166k (477%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pulley Systems BY Philippines WERE (2021 - 2022):
United Kingdom-$225k (-80.4%)
Vietnam-$198k (-99.4%)
Norway-$124k (-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 Pulley Systems were:
China $2.92B
Germany $815M
Italy $566M
In 2022, Philippines's main importing competitors in Pulley Systems were:
United States $1.67B
Germany $518M
Canada $442M

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Trade Value of Pulley Systems by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $164k
TOP IMPORT POTENTIALChina+ $5.6M

Pulley Systems’s highest export potential is Germany. With an export gap of $164k.   Pulley Systems’s highest import potential is China with an import gap of $5.6M.

See methodology.

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