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2022
Exports $20.6MWorld Rnk 14 / 183
Flag Rnk 254 / 1127
2022
Destination $2.48M United States
2021 - 2022
FASTEST GROWING MARKET $2.48MUnited States
2022
PRODUCT COMPLEXITY IN Wood Kitchenware-0.35Rnk 662 / 1025
2022
Imports $9.68MWorld Rnk 42 / 220
Flag Rnk 723 / 1201
2022
Origin $115k China
2021 - 2022
FASTEST GROWING ORIGIN $115kMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $20.6M in Wood Kitchenware, making it the 14th largest exporter of Wood Kitchenware in the world. At the same year, Wood Kitchenware was the 254th most exported product in Philippines. The main destination of Wood Kitchenware exports from Philippines are: United States ($6.81M), Japan ($4.99M), South Korea ($2.2M), Germany ($1.35M), and Netherlands ($1.22M).

The fastest growing export markets for Wood Kitchenware of Philippines between 2021 and 2022 were United States ($2.48M), Germany ($1.29M), and Netherlands ($1.04M).

Imports In 2022, Philippines imported $9.68M in Wood Kitchenware, becoming the 42nd largest importer of Wood Kitchenware in the world. At the same year, Wood Kitchenware was the 723rd most imported product in Philippines. Philippines imports Wood Kitchenware primarily from: China ($8.89M), Hong Kong ($148k), Malaysia ($130k), United States ($105k), and Japan ($94.3k).

The fastest growing import markets in Wood Kitchenware for Philippines between 2021 and 2022 were Malaysia ($115k), United States ($95.2k), and China ($82.8k).

COMPANIES In 2023, leading companies such as Euromarket Designs (7) were at the forefront of shipping Wood Kitchenware from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Wood Kitchenware exports accounted up to $661k and imports accounted up to $15.9k, resulting in a positive trade balance of $646k. Between June 2023 and June 2024 the exports of Philippines'   Wood Kitchenware have increased by $128k (24%) from $533k to $661k, while imports decreased by $-928k (-98.3%) from $944k to $15.9k.

Destinations In June 2024, Wood Kitchenware were exported mostly to Japan ($285k), United States ($98.5k), Uruguay ($78.2k), Panama ($64.6k), and Austria ($36.1k), and were imported mostly from Vietnam ($4.13k), Japan ($2.98k), Portugal ($1.92k), Thailand ($1.79k), and Romania ($1.7k).

Growth In June 2024, the increase in Wood Kitchenware's year-by-year exports was explained primarily by an increase in exports to Japan ($56.8k or 17.2%) and Russia ($1.43k or 2.13%). In June 2024, the decrease in Wood Kitchenware's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-68.5k or -99.9%), United States ($-21.9k or -99.5%), and Romania ($-5.87k or -93.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$128k(24%)
IMPORT GROWTH (June 2023 - June 2024)$-928k(-98.3%)
MAIN DESTINATION (June 2024)Japan$285k

This section shows Wood Kitchenware'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 Kitchenware over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.6M
IMPORTS (2022)$9.68M
NET TRADE (2022)$10.9M

In 2022, Philippines exported $20.6M in Wood Kitchenware. The main destinations of Philippines exports on Wood Kitchenware were United States ($6.81M), Japan ($4.99M), South Korea ($2.2M), Germany ($1.35M), and Netherlands ($1.22M).

In 2022, Philippines imported $9.68M in Wood Kitchenware, mainly from China ($8.89M), Hong Kong ($148k), Malaysia ($130k), United States ($105k), and Japan ($94.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Kitchenware EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$2.48M (57.3%)
Germany$1.29M (2.2k%)
Netherlands$1.04M (573%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Kitchenware BY Philippines WERE (2021 - 2022):
Japan-$2.07M (-29.3%)
South Korea-$811k (-27%)
New Zealand-$159k (-58.5%)
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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 Kitchenware were:
China $1.58B
Vietnam $93M
India $90.3M
In 2022, Philippines's main importing competitors in Wood Kitchenware were:
United States $481M
Japan $272M
Germany $176M

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Trade Value of Wood Kitchenware by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.96M
TOP IMPORT POTENTIALChina+ $1.94M

Wood Kitchenware’s highest export potential is United States. With an export gap of $1.96M.   Wood Kitchenware’s highest import potential is China with an import gap of $1.94M.

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