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2023
Exports $2.69MWorld Rnk 103 / 175
Flag Rnk 472 / 1123
2023
Destination $659k Palau
2022 - 2023
FASTEST GROWING MARKET $659kPalau
2023
PRODUCT COMPLEXITY IN Cement-1.48Rnk 943 / 1025
2023
Imports $551MWorld Rnk 3 / 224
Flag Rnk 38 / 1202
2023
Origin $39.5M Vietnam
2022 - 2023
FASTEST GROWING ORIGIN $39.5MVietnam
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.69M in Cement, making it the 103rd largest exporter of Cement in the world. At the same year, Cement was the 472nd most exported product in Philippines. The main destination of Cement exports from Philippines are: Palau ($1.47M), Micronesia ($388k), Japan ($262k), South Korea ($224k), and United States ($202k).

The fastest growing export markets for Cement of Philippines between 2022 and 2023 were Palau ($659k), Micronesia ($345k), and United States ($119k).

Imports In 2023, Philippines imported $551M in Cement, becoming the 3rd largest importer of Cement in the world. At the same year, Cement was the 38th most imported product in Philippines. Philippines imports Cement primarily from: Vietnam ($456M), Indonesia ($36.5M), Japan ($31M), South Korea ($12.6M), and Malaysia ($6.6M).

The fastest growing import markets in Cement for Philippines between 2022 and 2023 were Vietnam ($39.5M), Egypt ($75.2k), and Malaysia ($66.8k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Cement exports accounted up to $220k and imports accounted up to $47.3M, resulting in a negative trade balance of $47M. Between July 2023 and July 2024 the exports of Philippines'   Cement have increased by $49.6k (29.1%) from $170k to $220k, while imports decreased by $-7.13M (-13.1%) from $54.4M to $47.3M.

Destinations In July 2024, Cement were exported mostly to Palau ($154k), United States ($27k), Japan ($19k), South Korea ($12.6k), and Malaysia ($6.74k), and were imported mostly from Vietnam ($36.6M), Japan ($5.29M), Indonesia ($2.12M), South Korea ($1.94M), and China ($613k).

Growth In July 2024, the increase in Cement's year-by-year exports was explained primarily by an increase in exports to Japan ($4.75k or 100%). In July 2024, the decrease in Cement's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-15.9M or -34.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$49.6k(29.1%)
IMPORT GROWTH (July 2023 - July 2024)$-7.13M(-13.1%)
MAIN DESTINATION (July 2024)Palau$154k

This section shows Cement'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 Cement over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.69M
IMPORTS (2023)$551M
NET TRADE (2023)-$549M

In 2023, Philippines exported $2.69M in Cement. The main destinations of Philippines exports on Cement were Palau ($1.47M), Micronesia ($388k), Japan ($262k), South Korea ($224k), and United States ($202k).

In 2023, Philippines imported $551M in Cement, mainly from Vietnam ($456M), Indonesia ($36.5M), Japan ($31M), South Korea ($12.6M), and Malaysia ($6.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Palau$659k (81.2%)
Micronesia$345k (812%)
United States$119k (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Philippines WERE (2022 - 2023):
Israel-$456k (-100%)
South Korea-$157k (-41.2%)
Chinese Taipei-$75.5k (-79.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Cement were:
Turkey $1.65B
Vietnam $1.58B
Egypt $841M
In 2023, Philippines's main importing competitors in Cement were:
United States $2.55B
France $620M

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $2.65k
TOP IMPORT POTENTIALThailand+ $4.02M

Cement’s highest export potential is Switzerland. With an export gap of $2.65k.   Cement’s highest import potential is Thailand with an import gap of $4.02M.

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