Mirrors and Lenses in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $109M in Mirrors and Lenses, making it the 16th largest exporter of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 105th most exported product in Philippines. The main destination of Mirrors and Lenses exports from Philippines are: China ($27M), Japan ($17.2M), Germany ($16.8M), United States ($14.4M), and Hong Kong ($7.42M).

The fastest growing export markets for Mirrors and Lenses of Philippines between 2021 and 2022 were United Kingdom ($4.76M), United States ($4.19M), and Hong Kong ($3.85M).

Imports In 2022, Philippines imported $125M in Mirrors and Lenses, becoming the 21st largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 225th most imported product in Philippines. Philippines imports Mirrors and Lenses primarily from: China ($42.7M), Chinese Taipei ($29.4M), Japan ($14M), Thailand ($11.1M), and Germany ($8.6M).

The fastest growing import markets in Mirrors and Lenses for Philippines between 2021 and 2022 were Chinese Taipei ($13.5M), Japan ($6.76M), and China ($4.41M).

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

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Mirrors and Lenses exports accounted up to $1.65M and imports accounted up to $8.3M, resulting in a negative trade balance of $6.65M. Between August 2020 and August 2021 the exports of Philippines' Mirrors and Lenses have decreased by $-1.7M (-50.7%) from $3.35M to $1.65M, while imports increased by $476k (6.08%) from $7.83M to $8.3M.

Destinations In August 2021, Mirrors and Lenses were exported mostly to Japan ($644k), Hong Kong ($629k), Vietnam ($77k), South Korea ($74.5k), and United States ($72.3k), and were imported mostly from China ($2.93M), Japan ($1.72M), Chinese Taipei ($1.35M), Germany ($991k), and Hong Kong ($643k).

Growth In August 2021, the decrease in Mirrors and Lenses's year-by-year exports was explained primarily by a decrease in exports to China ($-3.55M or -83.4%), Vietnam ($-573k or -36.3%), and Japan ($-558k or -27.6%). In August 2021, the increase in Mirrors and Lenses's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($4.83M or 139%), France ($280k or 19.3k%), and Vietnam ($125k or 11.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-1.7M(-50.7%)

IMPORT GROWTH (August 2020 - August 2021)$476k(6.08%)

MAIN DESTINATION (August 2021)Japan$644k

This section shows Mirrors and Lenses'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 Mirrors and Lenses over time.

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