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2023
Exports $6.05MWorld Rnk 68 / 198
Flag Rnk 372 / 1123
2023
Destination $4.88M Netherlands
2022 - 2023
FASTEST GROWING MARKET $4.88MNetherlands
2023
PRODUCT COMPLEXITY IN Stone Processing Machines0.43Rnk 399 / 1025
2023
Imports $126MWorld Rnk 45 / 224
Flag Rnk 180 / 1202
2023
Origin $21.5M China
2022 - 2023
FASTEST GROWING ORIGIN $21.5MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $6.05M in Stone Processing Machines, making it the 68th largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 372nd most exported product in Philippines. The main destination of Stone Processing Machines exports from Philippines are: Netherlands ($4.88M), Burma ($231k), United States ($151k), Canada ($142k), and Malaysia ($128k).

The fastest growing export markets for Stone Processing Machines of Philippines between 2022 and 2023 were Netherlands ($4.88M), Burma ($230k), and France ($69k).

Imports In 2023, Philippines imported $126M in Stone Processing Machines, becoming the 45th largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 180th most imported product in Philippines. Philippines imports Stone Processing Machines primarily from: China ($72.4M), India ($10.3M), South Korea ($4.75M), Germany ($4.52M), and Belgium ($4.17M).

The fastest growing import markets in Stone Processing Machines for Philippines between 2022 and 2023 were China ($21.5M), Belgium ($4.01M), and India ($2.77M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Stone Processing Machines from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Stone Processing Machines exports accounted up to $5.28k and imports accounted up to $12.6M, resulting in a negative trade balance of $12.6M. Between July 2023 and July 2024 the exports of Philippines'   Stone Processing Machines have decreased by $-41.3k (-88.7%) from $46.6k to $5.28k, while imports increased by $4.66M (58.3%) from $7.98M to $12.6M.

Destinations In July 2024, Stone Processing Machines were exported mostly to Malaysia ($2.99k), Japan ($1.9k), and Singapore ($392), and were imported mostly from China ($5.06M), Belgium ($4.5M), India ($1.8M), South Korea ($550k), and Australia ($213k).

Growth In July 2024, the decrease in Stone Processing Machines's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Stone Processing Machines's year-by-year imports was explained primarily by an increase in imports from Vietnam ($691k or 814%), Malaysia ($198k or 232%), and France ($180k or 1.26k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-41.3k(-88.7%)
IMPORT GROWTH (July 2023 - July 2024)$4.66M(58.3%)
MAIN DESTINATION (July 2024)Malaysia$2.99k

This section shows Stone Processing 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 Stone Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.05M
IMPORTS (2023)$126M
NET TRADE (2023)-$120M

In 2023, Philippines exported $6.05M in Stone Processing Machines. The main destinations of Philippines exports on Stone Processing Machines were Netherlands ($4.88M), Burma ($231k), United States ($151k), Canada ($142k), and Malaysia ($128k).

In 2023, Philippines imported $126M in Stone Processing Machines, mainly from China ($72.4M), India ($10.3M), South Korea ($4.75M), Germany ($4.52M), and Belgium ($4.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Netherlands$4.88M (130k%)
Burma$230k (18.1k%)
France$69k (310%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY Philippines WERE (2022 - 2023):
Singapore-$1.21M (-99%)
Japan-$168k (-77.4%)
Vietnam-$82.7k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Stone Processing Machines were:
China $6.03B
Germany $2.35B
United Kingdom $1.61B
In 2023, Philippines's main importing competitors in Stone Processing Machines were:
United States $2.46B
Australia $941M
Indonesia $914M

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $341k
TOP IMPORT POTENTIALChina+ $11.8M

Stone Processing Machines’s highest export potential is United States. With an export gap of $341k.   Stone Processing Machines’s highest import potential is China with an import gap of $11.8M.

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