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2022
Exports $246kWorld Rnk 43 / 104
Flag Rnk 757 / 1127
2022
Destination $20.5k Canada
2021 - 2022
FASTEST GROWING MARKET $20.5kCanada
2022
PRODUCT COMPLEXITY IN Wood Barrels0.13Rnk 510 / 1025
2022
Imports $1.04MWorld Rnk 52 / 188
Flag Rnk 995 / 1201
2022
Origin $172k Spain
2021 - 2022
FASTEST GROWING ORIGIN $172kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $246k in Wood Barrels, making it the 43rd largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 757th most exported product in Philippines. The main destination of Wood Barrels exports from Philippines are: Canada ($53.6k), Estonia ($36.3k), Czechia ($33.7k), Austria ($19.9k), and Netherlands ($19.6k).

The fastest growing export markets for Wood Barrels of Philippines between 2021 and 2022 were Canada ($20.5k), Czechia ($17.7k), and Netherlands ($11.3k).

Imports In 2022, Philippines imported $1.04M in Wood Barrels, becoming the 52nd largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 995th most imported product in Philippines. Philippines imports Wood Barrels primarily from: Spain ($434k), United States ($429k), China ($79.9k), Belgium ($54.3k), and Netherlands ($18.2k).

The fastest growing import markets in Wood Barrels for Philippines between 2021 and 2022 were United States ($172k), Belgium ($54.3k), and China ($38.1k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Wood Barrels exports accounted up to $18k and imports accounted up to $1.11M, resulting in a negative trade balance of $1.09M. Between June 2023 and June 2024 the exports of Philippines'   Wood Barrels have increased by $11.3k (169%) from $6.71k to $18k, while imports decreased by $-563k (-33.6%) from $1.67M to $1.11M.

Destinations In June 2024, Wood Barrels were exported mostly to Estonia ($12.1k), Austria ($3.87k), Canada ($1.96k), Japan ($88), and Singapore ($33), and were imported mostly from United States ($1.05M), Japan ($29.8k), Spain ($27.6k), and United Kingdom ($223).

Growth In June 2024, the increase in Wood Barrels's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Wood Barrels's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$11.3k(169%)
IMPORT GROWTH (June 2023 - June 2024)$-563k(-33.6%)
MAIN DESTINATION (June 2024)Estonia$12.1k

This section shows Wood Barrels'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 Wood Barrels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$246k
IMPORTS (2022)$1.04M
NET TRADE (2022)-$797k

In 2022, Philippines exported $246k in Wood Barrels. The main destinations of Philippines exports on Wood Barrels were Canada ($53.6k), Estonia ($36.3k), Czechia ($33.7k), Austria ($19.9k), and Netherlands ($19.6k).

In 2022, Philippines imported $1.04M in Wood Barrels, mainly from Spain ($434k), United States ($429k), China ($79.9k), Belgium ($54.3k), and Netherlands ($18.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$20.5k (62.1%)
Czechia$17.7k (110%)
Netherlands$11.3k (135%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY Philippines WERE (2021 - 2022):
Russia-$120k (-97.6%)
Austria-$83.1k (-80.7%)
Estonia-$40.1k (-52.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Wood Barrels were:
France $530M
United States $318M
Spain $144M
In 2022, Philippines's main importing competitors in Wood Barrels were:
United States $278M
United Kingdom $194M
Spain $90.8M

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $20.3k
TOP IMPORT POTENTIALUnited States+ $108k

Wood Barrels’s highest export potential is China. With an export gap of $20.3k.   Wood Barrels’s highest import potential is United States with an import gap of $108k.

See methodology.

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