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2022
Exports $131MWorld Rnk 45 / 224
Flag Rnk 89 / 1127
2022
Destination $4.85M Japan
2021 - 2022
FASTEST GROWING MARKET $4.85MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Valves1.35Rnk 81 / 1025
2022
Imports $405MWorld Rnk 46 / 224
Flag Rnk 89 / 1201
2022
Origin $45.1M China
2021 - 2022
FASTEST GROWING ORIGIN $45.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $131M in Valves, making it the 45th largest exporter of Valves in the world. At the same year, Valves was the 89th most exported product in Philippines. The main destination of Valves exports from Philippines are: Japan ($28.9M), United States ($26.5M), United Kingdom ($21M), Vietnam ($17M), and China ($9.6M).

The fastest growing export markets for Valves of Philippines between 2021 and 2022 were United Kingdom ($4.85M), United States ($4.28M), and Singapore ($2.05M).

Imports In 2022, Philippines imported $405M in Valves, becoming the 46th largest importer of Valves in the world. At the same year, Valves was the 89th most imported product in Philippines. Philippines imports Valves primarily from: China ($234M), United States ($32.2M), Japan ($30.4M), Singapore ($18.5M), and Germany ($13.4M).

The fastest growing import markets in Valves for Philippines between 2021 and 2022 were China ($45.1M), United States ($8.45M), and Netherlands ($5.08M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Valves exports accounted up to $1.46M and imports accounted up to $30.3M, resulting in a negative trade balance of $28.8M. Between September 2023 and September 2024 the exports of Philippines'   Valves have increased by $138k (10.4%) from $1.33M to $1.46M, while imports increased by $10.2M (50.8%) from $20.1M to $30.3M.

Destinations In September 2024, Valves were exported mostly to Japan ($1M), South Korea ($104k), India ($95k), China ($87.8k), and Chinese Taipei ($50.3k), and were imported mostly from China ($8.77M), United States ($6.75M), Japan ($2.17M), Singapore ($1.6M), and United Kingdom ($1.48M).

Growth In September 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Australia ($287k or 72.8%), Singapore ($108k or 4.76k%), and United States ($42k or 546%). In September 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from United States ($4.41M or 466%), Japan ($1.27M or 65.9%), and United Kingdom ($985k or 712%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$138k(10.4%)
IMPORT GROWTH (September 2023 - September 2024)$10.2M(50.8%)
MAIN DESTINATION (September 2024)Japan$1M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$131M
IMPORTS (2022)$405M
NET TRADE (2022)-$274M

In 2022, Philippines exported $131M in Valves. The main destinations of Philippines exports on Valves were Japan ($28.9M), United States ($26.5M), United Kingdom ($21M), Vietnam ($17M), and China ($9.6M).

In 2022, Philippines imported $405M in Valves, mainly from China ($234M), United States ($32.2M), Japan ($30.4M), Singapore ($18.5M), and Germany ($13.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$4.85M (30%)
United States$4.28M (19.3%)
Singapore$2.05M (86.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Philippines WERE (2021 - 2022):
Vietnam-$14M (-45.1%)
China-$4.01M (-29.5%)
Austria-$1.22M (-95.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Valves were:
China $22.9B
Germany $14.7B
United States $12.5B
In 2022, Philippines's main importing competitors in Valves were:
United States $16.8B
Germany $7.9B
China $7.84B

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.9M
TOP IMPORT POTENTIALChina+ $61.8M

Valves’s highest export potential is United States. With an export gap of $26.9M.   Valves’s highest import potential is China with an import gap of $61.8M.

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