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2023
Exports $500kWorld Rnk 26 / 110
Flag Rnk 657 / 1123
2023
Destination $41.8k Brazil
2022 - 2023
FASTEST GROWING MARKET $41.8kBrazil
2023
PRODUCT COMPLEXITY IN Watch Cases and Parts0.41Rnk 407 / 1025
2023
Imports $47.8MWorld Rnk 6 / 168
Flag Rnk 347 / 1202
2023
Origin $1.47M Hong Kong
2022 - 2023
FASTEST GROWING ORIGIN $1.47MFrance
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $500k in Watch Cases and Parts, making it the 26th largest exporter of Watch Cases and Parts in the world. At the same year, Watch Cases and Parts was the 657th most exported product in Philippines. The main destination of Watch Cases and Parts exports from Philippines are: Brazil ($410k), Hong Kong ($49k), Switzerland ($8.54k), United States ($8.52k), and China ($7.91k).

The fastest growing export markets for Watch Cases and Parts of Philippines between 2022 and 2023 were Brazil ($41.8k), China ($6.85k), and Switzerland ($5.45k).

Imports In 2018, Philippines imported $47.8M in Watch Cases and Parts, becoming the 6th largest importer of Watch Cases and Parts in the world. At the same year, Watch Cases and Parts was the 347th most imported product in Philippines. Philippines imports Watch Cases and Parts primarily from: Hong Kong ($29.2M), China ($9.04M), France ($5.68M), India ($2.71M), and Switzerland ($379k).

The fastest growing import markets in Watch Cases and Parts for Philippines between 2022 and 2023 were France ($1.47M), Hong Kong ($921k), and Germany ($260k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Watch Cases and Parts exports accounted up to $509 and imports accounted up to $26.8k, resulting in a negative trade balance of $26.3k. Between November 2022 and May 2024 the exports of Philippines'   Watch Cases and Parts have decreased by $-793 (-60.9%) from $1.3k to $509, while imports decreased by $-34.5k (-56.3%) from $61.4k to $26.8k.

Destinations In May 2024, Watch Cases and Parts were exported mostly to , and were imported mostly from Malaysia ($13.2k), Switzerland ($6.15k), Hong Kong ($4.12k), China ($2.08k), and Thailand ($956).

Growth In May 2024, the decrease in Watch Cases and Parts's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-12.4k or -35.7%) and Japan ($-2 or -2.99%). In July 2024, the decrease in Watch Cases and Parts's year-by-year imports was explained primarily by a decrease in imports from China ($-4.69k or -52.8%), Sweden ($-2.58k or -87.3%), and Hong Kong ($-181 or -10.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - May 2024)$-793(-60.9%)
IMPORT GROWTH (July 2023 - July 2024)$-34.5k(-56.3%)
MAIN DESTINATION (May 2024)

This section shows Watch Cases and Parts'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 Watch Cases and Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$500k
IMPORTS (2023)$47.8M
NET TRADE (2023)-$47.3M

In 2023, Philippines exported $500k in Watch Cases and Parts. The main destinations of Philippines exports on Watch Cases and Parts were Brazil ($410k), Hong Kong ($49k), Switzerland ($8.54k), United States ($8.52k), and China ($7.91k).

In 2023, Philippines imported $47.8M in Watch Cases and Parts, mainly from Hong Kong ($29.2M), China ($9.04M), France ($5.68M), India ($2.71M), and Switzerland ($379k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Cases and Parts EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Brazil$41.8k (11.4%)
China$6.85k (651%)
Switzerland$5.45k (177%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Cases and Parts BY Philippines WERE (2022 - 2023):
Hong Kong-$165k (-77.1%)
Chile-$29.1k (-99.6%)
Saudi Arabia-$9.96k (-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 Watch Cases and Parts were:
China $694M
Switzerland $159M
Hong Kong $119M
In 2023, Philippines's main importing competitors in Watch Cases and Parts were:
Switzerland $419M
Hong Kong $291M
Thailand $69.8M

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Trade Value of Watch Cases and Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $169k
TOP IMPORT POTENTIALChina+ $2.46M

Watch Cases and Parts’s highest export potential is Hong Kong. With an export gap of $169k.   Watch Cases and Parts’s highest import potential is China with an import gap of $2.46M.

See methodology.

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