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2022
Exports $84.2kWorld Rnk 58 / 168
Flag Rnk 849 / 1127
2022
Destination $16.5k United States
2021 - 2022
FASTEST GROWING MARKET $16.5kMalaysia
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $13MWorld Rnk 20 / 209
Flag Rnk 674 / 1201
2022
Origin $908k China
2021 - 2022
FASTEST GROWING ORIGIN $908kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $84.2k in String Instruments, making it the 58th largest exporter of String Instruments in the world. At the same year, String Instruments was the 849th most exported product in Philippines. The main destination of String Instruments exports from Philippines are: United States ($35k), Malaysia ($16.5k), Norway ($15.9k), United Kingdom ($6.15k), and France ($2.09k).

The fastest growing export markets for String Instruments of Philippines between 2021 and 2022 were Malaysia ($16.5k), Norway ($15.9k), and United Kingdom ($6.15k).

Imports In 2022, Philippines imported $13M in String Instruments, becoming the 20th largest importer of String Instruments in the world. At the same year, String Instruments was the 674th most imported product in Philippines. Philippines imports String Instruments primarily from: China ($12.2M), United States ($495k), Indonesia ($143k), Malaysia ($92.4k), and Japan ($27.6k).

The fastest growing import markets in String Instruments for Philippines between 2021 and 2022 were China ($908k), Indonesia ($55.7k), and Canada ($20k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' String Instruments exports accounted up to $240 and imports accounted up to $4.92k, resulting in a negative trade balance of $4.68k. Between May 2022 and June 2024 the exports of Philippines'   String Instruments have increased by $155 (182%) from $85 to $240, while imports decreased by $-374k (-98.7%) from $379k to $4.92k.

Destinations In June 2024, String Instruments were exported mostly to South Korea ($240), and were imported mostly from United States ($1.94k), Japan ($1.73k), and United Kingdom ($1.24k).

Growth In June 2024, the increase in String Instruments's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in String Instruments's year-by-year imports was explained primarily by a decrease in imports from China ($-32.3k or -25.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - June 2024)$155(182%)
IMPORT GROWTH (June 2023 - June 2024)$-374k(-98.7%)
MAIN DESTINATION (June 2024)South Korea$240

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$84.2k
IMPORTS (2022)$13M
NET TRADE (2022)-$12.9M

In 2022, Philippines exported $84.2k in String Instruments. The main destinations of Philippines exports on String Instruments were United States ($35k), Malaysia ($16.5k), Norway ($15.9k), United Kingdom ($6.15k), and France ($2.09k).

In 2022, Philippines imported $13M in String Instruments, mainly from China ($12.2M), United States ($495k), Indonesia ($143k), Malaysia ($92.4k), and Japan ($27.6k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$16.5k (1%)
Norway$15.9k (1%)
United Kingdom$6.15k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Philippines WERE (2021 - 2022):
Papua New Guinea-$6.47k (-100%)
Japan-$3.99k (-98.4%)
Australia-$1.29k (-90.2%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, Philippines's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M
Japan $59.6M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $44.5k
TOP IMPORT POTENTIALUnited States+ $311k

String Instruments’s highest export potential is United States. With an export gap of $44.5k.   String Instruments’s highest import potential is United States with an import gap of $311k.

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