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2022
Exports $261kWorld Rnk 62 / 135
Flag Rnk 748 / 1127
2022
Destination $87.6k Japan
2021 - 2022
FASTEST GROWING MARKET $87.6kSingapore
2022
PRODUCT COMPLEXITY IN Rolling Machines1.58Rnk 38 / 1025
2022
Imports $2.83MWorld Rnk 57 / 199
Flag Rnk 900 / 1201
2022
Origin $179k China
2021 - 2022
FASTEST GROWING ORIGIN $179kSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $261k in Rolling Machines, making it the 62nd largest exporter of Rolling Machines in the world. At the same year, Rolling Machines was the 748th most exported product in Philippines. The main destination of Rolling Machines exports from Philippines are: Japan ($125k), Singapore ($92k), Switzerland ($24.9k), Belgium ($13.1k), and Chinese Taipei ($3.36k).

The fastest growing export markets for Rolling Machines of Philippines between 2021 and 2022 were Singapore ($87.6k), Switzerland ($24.9k), and Belgium ($9.56k).

Imports In 2022, Philippines imported $2.83M in Rolling Machines, becoming the 57th largest importer of Rolling Machines in the world. At the same year, Rolling Machines was the 900th most imported product in Philippines. Philippines imports Rolling Machines primarily from: China ($726k), Italy ($411k), Japan ($274k), Singapore ($262k), and Chinese Taipei ($219k).

The fastest growing import markets in Rolling Machines for Philippines between 2021 and 2022 were Singapore ($179k), Switzerland ($92.6k), and Spain ($45.5k).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Rolling Machines exports accounted up to $3.24k and imports accounted up to $292k, resulting in a negative trade balance of $289k. Between October 2020 and December 2023 the exports of Philippines'   Rolling Machines have increased by $2.4k (283%) from $845 to $3.24k, while imports increased by $14.7k (5.29%) from $278k to $292k.

Destinations In December 2023, Rolling Machines were exported mostly to , and were imported mostly from Japan ($68.1k), Singapore ($42.7k), Italy ($42.1k), China ($36.7k), and United States ($33k).

Growth In December 2023, the increase in Rolling Machines's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Rolling Machines's year-by-year imports was explained primarily by an increase in imports from China ($402k or 1.58k%), Italy ($67.8k or 240%), and Japan ($24.3k or 29.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - December 2023)$2.4k(283%)
IMPORT GROWTH (July 2023 - July 2024)$14.7k(5.29%)
MAIN DESTINATION (December 2023)

This section shows Rolling Machines'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 Rolling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$261k
IMPORTS (2022)$2.83M
NET TRADE (2022)-$2.57M

In 2022, Philippines exported $261k in Rolling Machines. The main destinations of Philippines exports on Rolling Machines were Japan ($125k), Singapore ($92k), Switzerland ($24.9k), Belgium ($13.1k), and Chinese Taipei ($3.36k).

In 2022, Philippines imported $2.83M in Rolling Machines, mainly from China ($726k), Italy ($411k), Japan ($274k), Singapore ($262k), and Chinese Taipei ($219k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rolling Machines EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$87.6k (1.97k%)
Switzerland$24.9k (1%)
Belgium$9.56k (267%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rolling Machines BY Philippines WERE (2021 - 2022):
Japan-$253k (-66.9%)
Chinese Taipei-$20.1k (-85.7%)
Thailand-$16.9k (-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 Rolling Machines were:
Japan $257M
Italy $254M
South Korea $235M
In 2022, Philippines's main importing competitors in Rolling Machines were:
China $513M
United States $181M
Germany $73.2M

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Trade Value of Rolling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $9.13k
TOP IMPORT POTENTIALChina+ $384k

Rolling Machines’s highest export potential is Japan. With an export gap of $9.13k.   Rolling Machines’s highest import potential is China with an import gap of $384k.

See methodology.

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