Drilling Machines in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $537k in Drilling Machines, making it the 54th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 658th most exported product in Philippines. The main destination of Drilling Machines exports from Philippines are: Malaysia ($177k), Germany ($114k), Indonesia ($99.9k), Thailand ($63k), and Singapore ($44.5k).

The fastest growing export markets for Drilling Machines of Philippines between 2021 and 2022 were Malaysia ($117k), Germany ($114k), and Indonesia ($93.3k).

Imports In 2022, Philippines imported $8.83M in Drilling Machines, becoming the 52nd largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 742nd most imported product in Philippines. Philippines imports Drilling Machines primarily from: China ($3.2M), Japan ($1.87M), Germany ($745k), Singapore ($589k), and Chinese Taipei ($519k).

The fastest growing import markets in Drilling Machines for Philippines between 2021 and 2022 were Japan ($741k), Germany ($426k), and Thailand ($136k).

Latest Trends

August 2021

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Overview In August 2021 Philippines' Drilling Machines exports accounted up to $90.9k and imports accounted up to $315k, resulting in a negative trade balance of $224k. Between March 2020 and August 2021 the exports of Philippines' Drilling Machines have increased by $83.2k (1.09k%) from $7.63k to $90.9k, while imports increased by $143k (82.8%) from $172k to $315k.

Destinations In August 2021, Drilling Machines were exported mostly to Japan ($90.9k), and were imported mostly from Japan ($140k), China ($139k), Singapore ($23.4k), Chinese Taipei ($6.17k), and Papua New Guinea ($2.13k).

Growth In August 2021, the increase in Drilling Machines's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the increase in Drilling Machines's year-by-year imports was explained primarily by an increase in imports from China ($578k or 165%), Germany ($164k or 1.7k%), and Chinese Taipei ($117k or 51%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2020 - August 2021)$83.2k(1.09k%)

IMPORT GROWTH (August 2020 - August 2021)$143k(82.8%)

MAIN DESTINATION (August 2021)Japan$90.9k

This section shows Drilling Machines'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 Drilling Machines over time.

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