Synthetic Rubber in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $7.01M in Synthetic Rubber, making it the 50th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 378th most exported product in Philippines. The main destination of Synthetic Rubber exports from Philippines are: China ($6.64M), Japan ($291k), Thailand ($77.8k), France ($2.36k), and South Korea ($900).

The fastest growing export markets for Synthetic Rubber of Philippines between 2021 and 2022 were China ($1.65M), Thailand ($69.9k), and Japan ($20.1k).

Imports In 2022, Philippines imported $100M in Synthetic Rubber, becoming the 39th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 268th most imported product in Philippines. Philippines imports Synthetic Rubber primarily from: Japan ($23.1M), Chinese Taipei ($19M), China ($18.3M), South Korea ($17.9M), and Singapore ($13.5M).

The fastest growing import markets in Synthetic Rubber for Philippines between 2021 and 2022 were China ($8.3M), South Korea ($3.63M), and Singapore ($3.49M).

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

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Synthetic Rubber exports accounted up to $317k and imports accounted up to $7.5M, resulting in a negative trade balance of $7.18M. Between August 2020 and August 2021 the exports of Philippines' Synthetic Rubber have increased by $189k (147%) from $128k to $317k, while imports increased by $2.83M (60.8%) from $4.66M to $7.5M.

Destinations In August 2021, Synthetic Rubber were exported mostly to China ($294k), Japan ($22.3k), and Vietnam ($290), and were imported mostly from South Korea ($1.86M), Japan ($1.83M), Chinese Taipei ($1.02M), China ($1.01M), and Singapore ($1.01M).

Growth In August 2021, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($672k or 146%), Japan ($424k or 42.2%), and South Korea ($277k or 25.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$189k(147%)

IMPORT GROWTH (August 2020 - August 2021)$2.83M(60.8%)

MAIN DESTINATION (August 2021)China$294k

This section shows Synthetic Rubber'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 Synthetic Rubber over time.

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