2022
Exports
$102MWorld Rnk 37 / 224
Flag Rnk 113 / 1127
2022
PRODUCT COMPLEXITY IN Other Rubber Products
0.54Rnk 353 / 1025
2022
Imports
$169MWorld Rnk 39 / 225
Flag Rnk 178 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $102M in Other Rubber Products, making it the 37th largest exporter of Other Rubber Products in the world. At the same year, Other Rubber Products was the 113th most exported product in Philippines. The main destination of Other Rubber Products exports from Philippines are: Japan ($58M), United States ($9.67M), Thailand ($9.52M), China ($5.37M), and Canada ($2.41M).

The fastest growing export markets for Other Rubber Products of Philippines between 2021 and 2022 were Japan ($5.75M), Singapore ($812k), and Vietnam ($525k).

Imports In 2022, Philippines imported $169M in Other Rubber Products, becoming the 39th largest importer of Other Rubber Products in the world. At the same year, Other Rubber Products was the 178th most imported product in Philippines. Philippines imports Other Rubber Products primarily from: China ($60.5M), Japan ($28.5M), Thailand ($19.5M), Singapore ($9.61M), and Malaysia ($9.16M).

The fastest growing import markets in Other Rubber Products for Philippines between 2021 and 2022 were United States ($1.7M), South Korea ($1.64M), and Vietnam ($597k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.41M(-20.5%)
IMPORT GROWTH (June 2023 - June 2024)$-9.87M(-50.7%)
MAIN DESTINATION (June 2024)Japan$2.83M

This section shows Other Rubber Products'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 Other Rubber Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$169M
NET TRADE (2022)-$67.4M

In 2022, Philippines exported $102M in Other Rubber Products. The main destinations of Philippines exports on Other Rubber Products were Japan ($58M), United States ($9.67M), Thailand ($9.52M), China ($5.37M), and Canada ($2.41M).

In 2022, Philippines imported $169M in Other Rubber Products, mainly from China ($60.5M), Japan ($28.5M), Thailand ($19.5M), Singapore ($9.61M), and Malaysia ($9.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Rubber Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$5.75M (11%)
Singapore$812k (381%)
Vietnam$525k (28.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Rubber Products BY Philippines WERE (2021 - 2022):
Sierra Leone-$7.3M (-100%)
United States-$3.28M (-25.3%)
Mexico-$2.09M (-62.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Rubber Products were:
In 2022, Philippines's main importing competitors in Other Rubber Products were:

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Trade Value of Other Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.6M
TOP IMPORT POTENTIALChina+ $18.1M

Other Rubber Products’s highest export potential is United States. With an export gap of $10.6M.   Other Rubber Products’s highest import potential is China with an import gap of $18.1M.

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