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Pricing

2022
Exports $1.63MWorld Rnk 20 / 111
Flag Rnk 552 / 1127
2022
Destination $365k Switzerland
2021 - 2022
FASTEST GROWING MARKET $365kHong Kong
2022
PRODUCT COMPLEXITY IN Watch Movements1.76Rnk 17 / 1025
2022
Imports $9.04MWorld Rnk 15 / 168
Flag Rnk 736 / 1201
2022
Origin $1.04M Hong Kong
2021 - 2022
FASTEST GROWING ORIGIN $1.04MHong Kong
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.63M in Watch Movements, making it the 20th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 552nd most exported product in Philippines. The main destination of Watch Movements exports from Philippines are: Switzerland ($622k), Hong Kong ($537k), Singapore ($215k), Brazil ($189k), and Netherlands ($51.7k).

The fastest growing export markets for Watch Movements of Philippines between 2021 and 2022 were Hong Kong ($365k), Singapore ($215k), and Brazil ($116k).

Imports In 2022, Philippines imported $9.04M in Watch Movements, becoming the 15th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 736th most imported product in Philippines. Philippines imports Watch Movements primarily from: Hong Kong ($7.54M), Switzerland ($1.05M), China ($240k), Japan ($125k), and United States ($74.1k).

The fastest growing import markets in Watch Movements for Philippines between 2021 and 2022 were Hong Kong ($1.04M), Switzerland ($556k), and United States ($58.2k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Watch Movements exports accounted up to $2.06k and imports accounted up to $9.54k, resulting in a negative trade balance of $7.47k. Between August 2023 and August 2024 the exports of Philippines'   Watch Movements have decreased by $-39.3k (-95%) from $41.4k to $2.06k, while imports decreased by $-5.19k (-35.2%) from $14.7k to $9.54k.

Destinations In August 2024, Watch Movements were exported mostly to Hong Kong ($938), South Korea ($593), Australia ($384), India ($104), and Singapore ($44), and were imported mostly from Switzerland ($7.28k), Japan ($1.43k), United States ($505), and Chinese Taipei ($321).

Growth In August 2024, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-12.1k or -98%). In August 2024, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from China ($-5.34k or -95.7%) and Hong Kong ($-244 or -63.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-39.3k(-95%)
IMPORT GROWTH (August 2023 - August 2024)$-5.19k(-35.2%)
MAIN DESTINATION (August 2024)Hong Kong$938

This section shows Watch Movements'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 Movements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.63M
IMPORTS (2022)$9.04M
NET TRADE (2022)-$7.41M

In 2022, Philippines exported $1.63M in Watch Movements. The main destinations of Philippines exports on Watch Movements were Switzerland ($622k), Hong Kong ($537k), Singapore ($215k), Brazil ($189k), and Netherlands ($51.7k).

In 2022, Philippines imported $9.04M in Watch Movements, mainly from Hong Kong ($7.54M), Switzerland ($1.05M), China ($240k), Japan ($125k), and United States ($74.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$365k (211%)
Singapore$215k (1%)
Brazil$116k (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Philippines WERE (2021 - 2022):
Switzerland-$525k (-45.8%)
India-$72.6k (-96.3%)
Netherlands-$47.5k (-47.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Watch Movements were:
Japan $354M
Switzerland $177M
China $102M
In 2022, Philippines's main importing competitors in Watch Movements were:
Hong Kong $427M
China $72.7M
Singapore $50.4M

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $93k
TOP IMPORT POTENTIALJapan+ $224k

Watch Movements’s highest export potential is Hong Kong. With an export gap of $93k.   Watch Movements’s highest import potential is Japan with an import gap of $224k.

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