NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $1.15BWorld Rnk 31 / 223
Flag Rnk 13 / 21
2023
Destination $9.54M Japan
2022 - 2023
FASTEST GROWING MARKET $9.54MChina
2023
PRODUCT COMPLEXITY IN Wood Products0.31Rnk 454 / 1025
2023
Imports $755MWorld Rnk 37 / 226
Flag Rnk 17 / 21
2023
Origin $6.76M China
2022 - 2023
FASTEST GROWING ORIGIN $6.76MArgentina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.15B in Wood Products, making it the 31st largest exporter of Wood Products in the world. At the same year, Wood Products was the 13th most exported product in Philippines. The main destination of Wood Products exports from Philippines are: Japan ($957M), China ($102M), United States ($69.4M), South Korea ($4.71M), and Canada ($2.48M).

The fastest growing export markets for Wood Products of Philippines between 2022 and 2023 were China ($9.54M), United Arab Emirates ($402k), and France ($394k).

Imports In 2023, Philippines imported $755M in Wood Products, becoming the 37th largest importer of Wood Products in the world. At the same year, Wood Products was the 17th most imported product in Philippines. Philippines imports Wood Products primarily from: China ($242M), Canada ($126M), Japan ($99.9M), Malaysia ($49.7M), and Finland ($31.7M).

The fastest growing import markets in Wood Products for Philippines between 2022 and 2023 were Argentina ($6.76M), Brazil ($4.34M), and Austria ($2.35M).

COMPANIES In 2023, leading companies such as Euromarket Designs (45), At Home Procurement (30), and Jo-Ann Stores (5) were at the forefront of shipping Wood Products from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Wood Products exports accounted up to $29.9M and imports accounted up to $64.8M, resulting in a negative trade balance of $34.9M. Between July 2023 and July 2024 the exports of Philippines'   Wood Products have decreased by $-4.37M (-12.7%) from $34.3M to $29.9M, while imports increased by $9.96M (18.2%) from $54.8M to $64.8M.

Destinations In July 2024, Wood Products were exported mostly to Japan ($15.3M), China ($9.29M), United States ($4.16M), South Korea ($240k), and Canada ($120k), and were imported mostly from China ($29.3M), Canada ($7.25M), Japan ($6.07M), Malaysia ($4.72M), and Finland ($2.9M).

Growth In July 2024, the decrease in Wood Products's year-by-year exports was explained primarily by a decrease in exports to Japan ($-15.2M or -33%), United States ($-3.64M or -49%), and China ($-1.1M or -17.1%). In July 2024, the increase in Wood Products's year-by-year imports was explained primarily by an increase in imports from Japan ($2.45M or 26.7%), China ($1.65M or 9.41%), and Solomon Islands ($869k or 5.49k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-4.37M(-12.7%)
IMPORT GROWTH (July 2023 - July 2024)$9.96M(18.2%)
MAIN DESTINATION (July 2024)Japan$15.3M

This section shows Wood Products'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 Products over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.15B
IMPORTS (2023)$755M
NET TRADE (2023)$398M

In 2023, Philippines exported $1.15B in Wood Products. The main destinations of Philippines exports on Wood Products were Japan ($957M), China ($102M), United States ($69.4M), South Korea ($4.71M), and Canada ($2.48M).

In 2023, Philippines imported $755M in Wood Products, mainly from China ($242M), Canada ($126M), Japan ($99.9M), Malaysia ($49.7M), and Finland ($31.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$9.54M (10.3%)
United Arab Emirates$402k (30.7%)
France$394k (99.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Philippines WERE (2022 - 2023):
Japan-$71.6M (-6.96%)
United States-$41.8M (-37.6%)
Vietnam-$2.95M (-90.6%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Wood Products were:
China $15.6B
Canada $13.6B
Germany $10.8B
In 2023, Philippines's main importing competitors in Wood Products were:
United States $24.8B
China $17.1B
Japan $9.87B

Explore Visualizations

Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.8M
TOP IMPORT POTENTIALIndonesia+ $22.8M

Wood Products’s highest export potential is United States. With an export gap of $26.8M.   Wood Products’s highest import potential is Indonesia with an import gap of $22.8M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms