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2022
Exports $1.01MWorld Rnk 34 / 94
Flag Rnk 609 / 1127
2022
Destination $591k Thailand
2021 - 2022
FASTEST GROWING MARKET $591kThailand
2022
PRODUCT COMPLEXITY IN Tin Bars1.07Rnk 148 / 1025
2022
Imports $17.5MWorld Rnk 12 / 170
Flag Rnk 602 / 1201
2022
Origin $751k Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $751kMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.01M in Tin Bars, making it the 34th largest exporter of Tin Bars in the world. At the same year, Tin Bars was the 609th most exported product in Philippines. The main destination of Tin Bars exports from Philippines are: Thailand ($591k), Turkey ($258k), Hong Kong ($83.3k), Singapore ($30.9k), and Malaysia ($20.1k).

The fastest growing export markets for Tin Bars of Philippines between 2021 and 2022 were Thailand ($591k), Turkey ($183k), and Hong Kong ($16.6k).

Imports In 2022, Philippines imported $17.5M in Tin Bars, becoming the 12th largest importer of Tin Bars in the world. At the same year, Tin Bars was the 602nd most imported product in Philippines. Philippines imports Tin Bars primarily from: Malaysia ($9.07M), South Korea ($2.93M), Chinese Taipei ($2.45M), Japan ($1.5M), and Hong Kong ($321k).

The fastest growing import markets in Tin Bars for Philippines between 2021 and 2022 were Malaysia ($751k), South Korea ($402k), and Hong Kong ($101k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Tin Bars exports accounted up to $39.5k and imports accounted up to $888k, resulting in a negative trade balance of $848k. Between December 2022 and May 2024 the exports of Philippines'   Tin Bars have increased by $39.3k (21k%) from $187 to $39.5k, while imports increased by $364k (69.6%) from $523k to $888k.

Destinations In May 2024, Tin Bars were exported mostly to , and were imported mostly from South Korea ($480k), Chinese Taipei ($284k), Japan ($99.1k), Thailand ($23.2k), and Singapore ($951).

Growth In May 2024, the increase in Tin Bars's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Tin Bars's year-by-year imports was explained primarily by an increase in imports from Malaysia ($546k or 710%), Chinese Taipei ($92.5k or 1.67k%), and Hong Kong ($26.2k or 557%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - May 2024)$39.3k(21k%)
IMPORT GROWTH (June 2023 - June 2024)$364k(69.6%)
MAIN DESTINATION (May 2024)

This section shows Tin Bars'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 Tin Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.01M
IMPORTS (2022)$17.5M
NET TRADE (2022)-$16.5M

In 2022, Philippines exported $1.01M in Tin Bars. The main destinations of Philippines exports on Tin Bars were Thailand ($591k), Turkey ($258k), Hong Kong ($83.3k), Singapore ($30.9k), and Malaysia ($20.1k).

In 2022, Philippines imported $17.5M in Tin Bars, mainly from Malaysia ($9.07M), South Korea ($2.93M), Chinese Taipei ($2.45M), Japan ($1.5M), and Hong Kong ($321k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tin Bars EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$591k (1%)
Turkey$183k (244%)
Hong Kong$16.6k (24.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tin Bars BY Philippines WERE (2021 - 2022):
Malaysia-$361k (-94.7%)
Indonesia-$280k (-94%)
Singapore-$54k (-63.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Tin Bars were:
United States $69.2M
Thailand $62.7M
China $57.3M
In 2022, Philippines's main importing competitors in Tin Bars were:
Vietnam $59.2M
United States $49.6M
Mexico $49.3M

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Trade Value of Tin Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $55.2k
TOP IMPORT POTENTIALThailand+ $286k

Tin Bars’s highest export potential is Hong Kong. With an export gap of $55.2k.   Tin Bars’s highest import potential is Thailand with an import gap of $286k.

See methodology.

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