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2023
Exports $876kWorld Rnk 81 / 166
Flag Rnk 593 / 1123
2023
Destination $405k South Korea
2022 - 2023
FASTEST GROWING MARKET $405kSouth Korea
2023
PRODUCT COMPLEXITY IN Acrylic Polymers1.2Rnk 105 / 1025
2023
Imports $127MWorld Rnk 35 / 212
Flag Rnk 179 / 1202
2023
Origin $3.3M China
2022 - 2023
FASTEST GROWING ORIGIN $3.3MSingapore
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $876k in Acrylic Polymers, making it the 81st largest exporter of Acrylic Polymers in the world. At the same year, Acrylic Polymers was the 593rd most exported product in Philippines. The main destination of Acrylic Polymers exports from Philippines are: South Korea ($412k), United States ($168k), China ($152k), Singapore ($44.9k), and Australia ($44.5k).

The fastest growing export markets for Acrylic Polymers of Philippines between 2022 and 2023 were South Korea ($405k), Singapore ($44.9k), and Australia ($24.2k).

Imports In 2023, Philippines imported $127M in Acrylic Polymers, becoming the 35th largest importer of Acrylic Polymers in the world. At the same year, Acrylic Polymers was the 179th most imported product in Philippines. Philippines imports Acrylic Polymers primarily from: China ($41.1M), Japan ($15.8M), South Korea ($15.3M), Malaysia ($12.9M), and Indonesia ($8.47M).

The fastest growing import markets in Acrylic Polymers for Philippines between 2022 and 2023 were Singapore ($3.3M), Thailand ($2.09M), and South Korea ($1.23M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Acrylic Polymers exports accounted up to $11k and imports accounted up to $12M, resulting in a negative trade balance of $12M. Between May 2023 and July 2024 the exports of Philippines'   Acrylic Polymers have decreased by $-36.6k (-76.9%) from $47.5k to $11k, while imports increased by $2.44M (25.5%) from $9.58M to $12M.

Destinations In July 2024, Acrylic Polymers were exported mostly to China ($11k), and were imported mostly from China ($3.15M), Japan ($2.21M), Malaysia ($1.34M), South Korea ($1.12M), and Chinese Taipei ($761k).

Growth In July 2024, the decrease in Acrylic Polymers's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Acrylic Polymers's year-by-year imports was explained primarily by an increase in imports from South Korea ($764k or 61.1%), Singapore ($183k or 365%), and Belgium ($99.6k or 3.02k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - July 2024)$-36.6k(-76.9%)
IMPORT GROWTH (July 2023 - July 2024)$2.44M(25.5%)
MAIN DESTINATION (July 2024)China$11k

This section shows Acrylic Polymers'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 Acrylic Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$876k
IMPORTS (2023)$127M
NET TRADE (2023)-$126M

In 2023, Philippines exported $876k in Acrylic Polymers. The main destinations of Philippines exports on Acrylic Polymers were South Korea ($412k), United States ($168k), China ($152k), Singapore ($44.9k), and Australia ($44.5k).

In 2023, Philippines imported $127M in Acrylic Polymers, mainly from China ($41.1M), Japan ($15.8M), South Korea ($15.3M), Malaysia ($12.9M), and Indonesia ($8.47M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Acrylic Polymers EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
South Korea$405k (6.06k%)
Singapore$44.9k (1%)
Australia$24.2k (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Acrylic Polymers BY Philippines WERE (2022 - 2023):
China-$356k (-70.1%)
Hong Kong-$179k (-90.6%)
Chinese Taipei-$110k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Acrylic Polymers were:
Germany $2.67B
China $1.98B
United States $1.9B
In 2023, Philippines's main importing competitors in Acrylic Polymers were:
China $2.17B
United States $1.16B
Germany $1.1B

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Trade Value of Acrylic Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $761k
TOP IMPORT POTENTIALChina+ $7.53M

Acrylic Polymers’s highest export potential is China. With an export gap of $761k.   Acrylic Polymers’s highest import potential is China with an import gap of $7.53M.

See methodology.

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