2021
Exports
$1.54kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Nitrile Compounds
1.07Rnk 146 / 1025
2021
Imports
$1.52MWorld Rnk 62 / 178
Flag Rnk 964 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Imports In 2022, Philippines imported $1.52M in Nitrile Compounds, becoming the 62nd largest importer of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 964th most imported product in Philippines. Philippines imports Nitrile Compounds primarily from: China ($1.09M), South Korea ($95.3k), Israel ($66k), Germany ($61.2k), and Singapore ($56.9k).

The fastest growing import markets in Nitrile Compounds for Philippines between 2021 and 2022 were China ($785k), South Korea ($75.8k), and Israel ($66k).

COMPANIES In 2023, leading companies such as Yokohama Industries (1) were at the forefront of shipping Nitrile Compounds from Philippines to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Nitrile Compounds. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$1.54k
IMPORTS (2022)$1.52M
NET TRADE (2022)-$1.52M

In 2022, Philippines imported $1.52M in Nitrile Compounds, mainly from China ($1.09M), South Korea ($95.3k), Israel ($66k), Germany ($61.2k), and Singapore ($56.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrile Compounds BY Philippines WERE (N/A - 2021):
Kuwait-$1.29k (-100%)
Papua New Guinea-$246 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Nitrile Compounds were:
In 2022, Philippines's main importing competitors in Nitrile Compounds were:

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Trade Value of Nitrile Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $583
TOP IMPORT POTENTIALChina+ $781k

Nitrile Compounds’s highest export potential is China. With an export gap of $583.   Nitrile Compounds’s highest import potential is China with an import gap of $781k.

See methodology.

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