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2022
Exports $1.11BWorld Rnk 32 / 221
Flag Rnk 10 / 96
2022
Destination $25.9M Japan
2021 - 2022
FASTEST GROWING MARKET $25.9MUnited States
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal0.3Rnk 451 / 1025
2022
Imports $1.4BWorld Rnk 26 / 226
Flag Rnk 24 / 96
2022
Origin $85.8M China
2021 - 2022
FASTEST GROWING ORIGIN $85.8MCanada
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.11B in Wood, wood articles, & charcoal, making it the 32nd largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 10th most exported product in Philippines. The main destination of Wood, wood articles, & charcoal exports from Philippines are: Japan ($924M), China ($93.6M), United States ($64.3M), South Korea ($5.38M), and Vietnam ($3.06M).

The fastest growing export markets for Wood, wood articles, & charcoal of Philippines between 2021 and 2022 were United States ($25.9M), China ($4.86M), and Netherlands ($1.16M).

Imports In 2022, Philippines imported $1.4B in Wood, wood articles, & charcoal, becoming the 26th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 24th most imported product in Philippines. Philippines imports Wood, wood articles, & charcoal primarily from: China ($543M), Canada ($249M), Japan ($114M), Malaysia ($69.9M), and Indonesia ($57.2M).

The fastest growing import markets in Wood, wood articles, & charcoal for Philippines between 2021 and 2022 were Canada ($85.8M), Finland ($26.4M), and Indonesia ($18.3M).

COMPANIES In 2023, leading companies such as Euromarket Designs (12), Arhaus (3), and Cinmar (3) were at the forefront of shipping Wood, wood articles, & charcoal from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Wood, wood articles, & charcoal exports accounted up to $26.6M and imports accounted up to $28.4M, resulting in a negative trade balance of $1.8M. Between June 2023 and June 2024 the exports of Philippines'   Wood, wood articles, & charcoal have decreased by $-8.7M (-24.7%) from $35.3M to $26.6M, while imports decreased by $-33.6M (-54.2%) from $62M to $28.4M.

Destinations In June 2024, Wood, wood articles, & charcoal were exported mostly to Japan ($16.5M), China ($8.51M), United States ($593k), South Korea ($192k), and Netherlands ($121k), and were imported mostly from Canada ($9.32M), Japan ($5.06M), Sweden ($2.35M), United States ($2.27M), and Germany ($1.55M).

Growth In June 2024, the decrease in Wood, wood articles, & charcoal's year-by-year exports was explained primarily by a decrease in exports to Japan ($-15.2M or -33.2%), United States ($-2.19M or -71.6%), and China ($-1.12M or -17.3%). In June 2024, the decrease in Wood, wood articles, & charcoal's year-by-year imports was explained primarily by a decrease in imports from Finland ($-9.19M or -78.8%), Germany ($-8.36M or -78.9%), and Canada ($-5.68M or -35.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-8.7M(-24.7%)
IMPORT GROWTH (June 2023 - June 2024)$-33.6M(-54.2%)
MAIN DESTINATION (June 2024)Japan$16.5M

This section shows Wood, wood articles, & charcoal'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, wood articles, & charcoal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.11B
IMPORTS (2022)$1.4B
NET TRADE (2022)-$294M

In 2022, Philippines exported $1.11B in Wood, wood articles, & charcoal. The main destinations of Philippines exports on Wood, wood articles, & charcoal were Japan ($924M), China ($93.6M), United States ($64.3M), South Korea ($5.38M), and Vietnam ($3.06M).

In 2022, Philippines imported $1.4B in Wood, wood articles, & charcoal, mainly from China ($543M), Canada ($249M), Japan ($114M), Malaysia ($69.9M), and Indonesia ($57.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$25.9M (67.2%)
China$4.86M (5.48%)
Netherlands$1.16M (190%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Philippines WERE (2021 - 2022):
Japan-$53.2M (-5.44%)
Sri Lanka-$2.49M (-100%)
South Korea-$1.66M (-23.5%)
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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, wood articles, & charcoal were:
Canada $20B
China $18.7B
Germany $12.9B
In 2022, Philippines's main importing competitors in Wood, wood articles, & charcoal were:
United States $34B
China $18B
Germany $11.6B

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.3M
TOP IMPORT POTENTIALIndonesia+ $22.7M

Wood, wood articles, & charcoal’s highest export potential is United States. With an export gap of $32.3M.   Wood, wood articles, & charcoal’s highest import potential is Indonesia with an import gap of $22.7M.

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