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2022
Exports $170kWorld Rnk 60 / 155
Flag Rnk 787 / 1127
2022
Destination $98.9k Germany
2021 - 2022
FASTEST GROWING MARKET $98.9kGermany
2022
PRODUCT COMPLEXITY IN Safes0.76Rnk 261 / 1025
2022
Imports $13.3MWorld Rnk 21 / 216
Flag Rnk 670 / 1201
2022
Origin $2.73M China
2021 - 2022
FASTEST GROWING ORIGIN $2.73MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $170k in Safes, making it the 60th largest exporter of Safes in the world. At the same year, Safes was the 787th most exported product in Philippines. The main destination of Safes exports from Philippines are: Germany ($98.9k), United States ($33.6k), Australia ($20.3k), Serbia ($7.91k), and Spain ($6.37k).

The fastest growing export markets for Safes of Philippines between 2021 and 2022 were Germany ($98.9k), United States ($33.6k), and Australia ($20.3k).

Imports In 2022, Philippines imported $13.3M in Safes, becoming the 21st largest importer of Safes in the world. At the same year, Safes was the 670th most imported product in Philippines. Philippines imports Safes primarily from: China ($8.94M), Vietnam ($1.44M), United States ($740k), South Korea ($720k), and Mexico ($696k).

The fastest growing import markets in Safes for Philippines between 2021 and 2022 were China ($2.73M), Vietnam ($676k), and Mexico ($486k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Safes exports accounted up to $93 and imports accounted up to $317k, resulting in a negative trade balance of $317k. Between July 2021 and July 2024 the exports of Philippines'   Safes have decreased by $-309 (-76.9%) from $402 to $93, while imports decreased by $-413k (-56.6%) from $730k to $317k.

Destinations In July 2024, Safes were exported mostly to , and were imported mostly from China ($180k), Vietnam ($76.9k), South Korea ($44.4k), United States ($13.3k), and Japan ($1.6k).

Growth In July 2024, the decrease in Safes's year-by-year exports was explained primarily by a decrease in exports to N/A. In October 2024, the decrease in Safes's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-88.9k or -97.7%), United States ($-54.7k or -98.5%), and Hong Kong ($-5.68k or -87.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2021 - July 2024)$-309(-76.9%)
IMPORT GROWTH (October 2023 - October 2024)$-413k(-56.6%)
MAIN DESTINATION (July 2024)

This section shows Safes'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 Safes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$170k
IMPORTS (2022)$13.3M
NET TRADE (2022)-$13.1M

In 2022, Philippines exported $170k in Safes. The main destinations of Philippines exports on Safes were Germany ($98.9k), United States ($33.6k), Australia ($20.3k), Serbia ($7.91k), and Spain ($6.37k).

In 2022, Philippines imported $13.3M in Safes, mainly from China ($8.94M), Vietnam ($1.44M), United States ($740k), South Korea ($720k), and Mexico ($696k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Safes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$98.9k (1%)
United States$33.6k (1%)
Australia$20.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Safes BY Philippines WERE (2021 - 2022):
Vietnam-$2.7k (-100%)
Switzerland-$390 (-43.1%)
Indonesia-$148 (-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 Safes were:
China $647M
Mexico $112M
Netherlands $70.9M
In 2022, Philippines's main importing competitors in Safes were:
United States $440M
Germany $150M
France $64.5M

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Trade Value of Safes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $60.8k
TOP IMPORT POTENTIALChina+ $1.04M

Safes’s highest export potential is United States. With an export gap of $60.8k.   Safes’s highest import potential is China with an import gap of $1.04M.

See methodology.

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