Watch Movements in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $1.63M in Watch Movements, making it the 20th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 552nd most exported product in Philippines. The main destination of Watch Movements exports from Philippines are: Switzerland ($622k), Hong Kong ($537k), Singapore ($215k), Brazil ($189k), and Netherlands ($51.7k).

The fastest growing export markets for Watch Movements of Philippines between 2021 and 2022 were Hong Kong ($365k), Singapore ($215k), and Brazil ($116k).

Imports In 2022, Philippines imported $9.04M in Watch Movements, becoming the 15th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 736th most imported product in Philippines. Philippines imports Watch Movements primarily from: Hong Kong ($7.54M), Switzerland ($1.05M), China ($240k), Japan ($125k), and United States ($74.1k).

The fastest growing import markets in Watch Movements for Philippines between 2021 and 2022 were Hong Kong ($1.04M), Switzerland ($556k), and United States ($58.2k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Watch Movements from Philippines to the United States.

Latest Trends

August 2021

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Overview In August 2021 Philippines' Watch Movements exports accounted up to $46.9k and imports accounted up to $34k, resulting in a positive trade balance of $12.8k. Between August 2020 and August 2021 the exports of Philippines' Watch Movements have increased by $45.9k (4.81k%) from $955 to $46.9k, while imports increased by $20.8k (157%) from $13.3k to $34k.

Destinations In August 2021, Watch Movements were exported mostly to Switzerland ($46.4k), Hong Kong ($293), South Korea ($119), and Russia ($65), and were imported mostly from United States ($15.3k), China ($12k), Switzerland ($4.32k), United Arab Emirates ($1.15k), and Singapore ($953).

Growth In August 2021, the increase in Watch Movements's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($100 or 59.9%). In August 2021, the increase in Watch Movements's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$45.9k(4.81k%)

IMPORT GROWTH (August 2020 - August 2021)$20.8k(157%)

MAIN DESTINATION (August 2021)Switzerland$46.4k

This section shows Watch Movements'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 Watch Movements over time.

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