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2022
Exports $85MWorld Rnk 34 / 170
Flag Rnk 20 / 21
2022
Destination $891k United States
2021 - 2022
FASTEST GROWING MARKET $891kBrazil
2022
PRODUCT COMPLEXITY IN Weapons1.03Rnk 158 / 1025
2022
Imports $246MWorld Rnk 17 / 206
Flag Rnk 20 / 21
2022
Origin $34.6M Israel
2021 - 2022
FASTEST GROWING ORIGIN $34.6MBrazil
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $85M in Weapons, making it the 34th largest exporter of Weapons in the world. At the same year, Weapons was the 20th most exported product in Philippines. The main destination of Weapons exports from Philippines are: United States ($77M), Thailand ($2.96M), Cambodia ($917k), Brazil ($891k), and South Korea ($869k).

The fastest growing export markets for Weapons of Philippines between 2021 and 2022 were Brazil ($891k), Turkey ($595k), and Cambodia ($536k).

Imports In 2022, Philippines imported $246M in Weapons, becoming the 17th largest importer of Weapons in the world. At the same year, Weapons was the 20th most imported product in Philippines. Philippines imports Weapons primarily from: Israel ($65.7M), Brazil ($61.3M), Spain ($28.5M), South Korea ($26.5M), and United States ($17.3M).

The fastest growing import markets in Weapons for Philippines between 2021 and 2022 were Brazil ($34.6M), South Korea ($22.1M), and Singapore ($8.46M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Weapons exports accounted up to $5.88M and imports accounted up to $8.16M, resulting in a negative trade balance of $2.28M. Between July 2023 and July 2024 the exports of Philippines'   Weapons have decreased by $-318k (-5.12%) from $6.2M to $5.88M, while imports decreased by $-9.56M (-53.9%) from $17.7M to $8.16M.

Destinations In July 2024, Weapons were exported mostly to United States ($5.73M), Indonesia ($145k), and Hong Kong ($7.57k), and were imported mostly from South Korea ($4.15M), Chinese Taipei ($1M), United States ($815k), China ($434k), and India ($362k).

Growth In July 2024, the decrease in Weapons's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-18.1k or -83.7%) and Hong Kong ($-6.28k or -98.8%). In July 2024, the decrease in Weapons's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-733k or -93.4%), China ($-288k or -81.3%), and United States ($-270k or -19.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-318k(-5.12%)
IMPORT GROWTH (July 2023 - July 2024)$-9.56M(-53.9%)
MAIN DESTINATION (July 2024)United States$5.73M

This section shows Weapons'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 Weapons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$85M
IMPORTS (2022)$246M
NET TRADE (2022)-$161M

In 2022, Philippines exported $85M in Weapons. The main destinations of Philippines exports on Weapons were United States ($77M), Thailand ($2.96M), Cambodia ($917k), Brazil ($891k), and South Korea ($869k).

In 2022, Philippines imported $246M in Weapons, mainly from Israel ($65.7M), Brazil ($61.3M), Spain ($28.5M), South Korea ($26.5M), and United States ($17.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Weapons EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Brazil$891k (1%)
Turkey$595k (6.77k%)
Cambodia$536k (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons BY Philippines WERE (2021 - 2022):
United States-$19.5M (-20.2%)
Honduras-$244k (-100%)
Italy-$219k (-97.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Weapons were:
United States $4.14B
South Korea $1.19B
Italy $1B
In 2022, Philippines's main importing competitors in Weapons were:
United States $4.53B
Ukraine $1.48B
Poland $1.31B

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Trade Value of Weapons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.45M
TOP IMPORT POTENTIALUnited States+ $2.26M

Weapons’s highest export potential is Thailand. With an export gap of $1.45M.   Weapons’s highest import potential is United States with an import gap of $2.26M.

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