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2022
Exports $4.47MWorld Rnk 75 / 210
Flag Rnk 417 / 1127
2022
Destination $610k United States
2021 - 2022
FASTEST GROWING MARKET $610kSouth Korea
2022
PRODUCT COMPLEXITY IN Rubber Footwear-1.24Rnk 887 / 1025
2022
Imports $1.1BWorld Rnk 10 / 222
Flag Rnk 24 / 1201
2022
Origin $605M China
2021 - 2022
FASTEST GROWING ORIGIN $605MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.47M in Rubber Footwear, making it the 75th largest exporter of Rubber Footwear in the world. At the same year, Rubber Footwear was the 417th most exported product in Philippines. The main destination of Rubber Footwear exports from Philippines are: United States ($646k), South Korea ($617k), Malaysia ($569k), Japan ($326k), and Netherlands ($303k).

The fastest growing export markets for Rubber Footwear of Philippines between 2021 and 2022 were South Korea ($610k), Malaysia ($423k), and Japan ($273k).

Imports In 2022, Philippines imported $1.1B in Rubber Footwear, becoming the 10th largest importer of Rubber Footwear in the world. At the same year, Rubber Footwear was the 24th most imported product in Philippines. Philippines imports Rubber Footwear primarily from: China ($1.04B), Vietnam ($20.3M), Brazil ($13.3M), Germany ($5.08M), and Thailand ($4.98M).

The fastest growing import markets in Rubber Footwear for Philippines between 2021 and 2022 were China ($605M), Vietnam ($11.6M), and Brazil ($6.53M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Rubber Footwear exports accounted up to $168k and imports accounted up to $2.78M, resulting in a negative trade balance of $2.62M. Between June 2023 and June 2024 the exports of Philippines'   Rubber Footwear have increased by $164k (4.39k%) from $3.74k to $168k, while imports decreased by $-5.13M (-64.8%) from $7.91M to $2.78M.

Destinations In June 2024, Rubber Footwear were exported mostly to Malaysia ($168k), and were imported mostly from Vietnam ($1.92M), Cambodia ($228k), Brazil ($187k), Thailand ($141k), and Italy ($82.8k).

Growth In June 2024, the increase in Rubber Footwear's year-by-year exports was explained primarily by an increase in exports to Japan ($12k or 7.99k%) and Vanuatu ($5.5k or 14.1%). In June 2024, the decrease in Rubber Footwear's year-by-year imports was explained primarily by a decrease in imports from Germany ($-116k or -62.5%), Brazil ($-91.7k or -29.1%), and Hong Kong ($-18.2k or -93.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$164k(4.39k%)
IMPORT GROWTH (June 2023 - June 2024)$-5.13M(-64.8%)
MAIN DESTINATION (June 2024)Malaysia$168k

This section shows Rubber Footwear'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 Rubber Footwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.47M
IMPORTS (2022)$1.1B
NET TRADE (2022)-$1.1B

In 2022, Philippines exported $4.47M in Rubber Footwear. The main destinations of Philippines exports on Rubber Footwear were United States ($646k), South Korea ($617k), Malaysia ($569k), Japan ($326k), and Netherlands ($303k).

In 2022, Philippines imported $1.1B in Rubber Footwear, mainly from China ($1.04B), Vietnam ($20.3M), Brazil ($13.3M), Germany ($5.08M), and Thailand ($4.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Footwear EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$610k (8.2k%)
Malaysia$423k (289%)
Japan$273k (516%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Footwear BY Philippines WERE (2021 - 2022):
United States-$498k (-43.5%)
Singapore-$159k (-79.1%)
Vanuatu-$141k (-39.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Rubber Footwear were:
China $27.4B
Vietnam $4.69B
Germany $2.5B
In 2022, Philippines's main importing competitors in Rubber Footwear were:
United States $7.87B
Germany $3.63B
France $1.89B

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Trade Value of Rubber Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.57M
TOP IMPORT POTENTIALVietnam+ $27.5M

Rubber Footwear’s highest export potential is United States. With an export gap of $1.57M.   Rubber Footwear’s highest import potential is Vietnam with an import gap of $27.5M.

See methodology.

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