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2022
Exports $2.31MWorld Rnk 109 / 170
Flag Rnk 507 / 1127
2022
Destination $456k Palau
2021 - 2022
FASTEST GROWING MARKET $456kIsrael
2022
PRODUCT COMPLEXITY IN Cement-1.46Rnk 943 / 1025
2022
Imports $494MWorld Rnk 5 / 224
Flag Rnk 75 / 1201
2022
Origin $14M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $14MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.31M in Cement, making it the 109th largest exporter of Cement in the world. At the same year, Cement was the 507th most exported product in Philippines. The main destination of Cement exports from Philippines are: Palau ($812k), Israel ($456k), South Korea ($380k), Japan ($241k), and Chinese Taipei ($95k).

The fastest growing export markets for Cement of Philippines between 2021 and 2022 were Israel ($456k), South Korea ($283k), and Vietnam ($56.6k).

Imports In 2022, Philippines imported $494M in Cement, becoming the 5th largest importer of Cement in the world. At the same year, Cement was the 75th most imported product in Philippines. Philippines imports Cement primarily from: Vietnam ($375M), Japan ($39.7M), Indonesia ($38.1M), South Korea ($19M), and Malaysia ($6.92M).

The fastest growing import markets in Cement for Philippines between 2021 and 2022 were Japan ($14M), Pakistan ($2.05M), and Malaysia ($1.78M).

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 (2022)$2.31M
IMPORTS (2022)$494M
NET TRADE (2022)-$491M

In 2022, Philippines exported $2.31M in Cement. The main destinations of Philippines exports on Cement were Palau ($812k), Israel ($456k), South Korea ($380k), Japan ($241k), and Chinese Taipei ($95k).

In 2022, Philippines imported $494M in Cement, mainly from Vietnam ($375M), Japan ($39.7M), Indonesia ($38.1M), South Korea ($19M), and Malaysia ($6.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Israel$456k (1%)
South Korea$283k (292%)
Vietnam$56.6k (1.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Philippines WERE (2021 - 2022):
Micronesia-$452k (-91.4%)
Chinese Taipei-$176k (-64.9%)
Marshall Islands-$49.7k (-75.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cement were:
Turkey $1.76B
Vietnam $1.54B
United Arab Emirates $643M
In 2022, Philippines's main importing competitors in Cement were:
United States $2.28B
Bangladesh $688M
Kuwait $632M

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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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