Natural rubber in other forms in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $128M in Natural rubber in other forms, making it the 4th largest exporter of Natural rubber in other forms in the world. At the same year, Natural rubber in other forms was the 86th most exported product in Philippines. The main destination of Natural rubber in other forms exports from Philippines are: Malaysia ($119M), Vietnam ($6.44M), China ($1.27M), South Korea ($731k), and Indonesia ($275k).

The fastest growing export markets for Natural rubber in other forms of Philippines between 2021 and 2022 were Vietnam ($3.28M), China ($1.16M), and South Korea ($731k).

Imports In 2022, Philippines imported $134k in Natural rubber in other forms, becoming the 73rd largest importer of Natural rubber in other forms in the world. At the same year, Natural rubber in other forms was the 3840th most imported product in Philippines. Philippines imports Natural rubber in other forms primarily from: Singapore ($76k), Chinese Taipei ($21.5k), Israel ($13k), United Kingdom ($12.3k), and United States ($10.4k).

The fastest growing import markets in Natural rubber in other forms for Philippines between 2021 and 2022 were Chinese Taipei ($21.5k), United Kingdom ($12.2k), and Israel ($4k).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Natural rubber in other forms from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Natural rubber in other forms exports accounted up to $3.9M and imports accounted up to $1.59k, resulting in a positive trade balance of $3.9M. Between June 2023 and June 2024 the exports of Philippines' Natural rubber in other forms have decreased by $-1.41M (-26.6%) from $5.31M to $3.9M, while imports decreased by $-324 (-16.9%) from $1.92k to $1.59k.

Destinations In June 2024, Natural rubber in other forms were exported mostly to Malaysia ($3.66M) and China ($242k), and were imported mostly from Chinese Taipei ($822), France ($446), and United Kingdom ($324).

Growth In June 2024, the decrease in Natural rubber in other forms's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-3.73M or -40.3%). In June 2024, the decrease in Natural rubber in other forms's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-1.41M(-26.6%)

IMPORT GROWTH (May 2022 - June 2024)$-324(-16.9%)

MAIN DESTINATION (June 2024)Malaysia$3.66M

This section shows Natural rubber in other forms'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 Natural rubber in other forms over time.

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