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2022
Exports $178MWorld Rnk 66 / 223
Flag Rnk 41 / 96
2022
Destination $5.56M South Korea
2021 - 2022
FASTEST GROWING MARKET $5.56MThailand
2022
PRODUCT COMPLEXITY IN Paper articles1.49Rnk 55 / 1025
2022
Imports $2.19BWorld Rnk 27 / 226
Flag Rnk 13 / 96
2022
Origin $260M China
2021 - 2022
FASTEST GROWING ORIGIN $260MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $178M in Paper articles, making it the 66th largest exporter of Paper articles in the world. At the same year, Paper articles was the 41st most exported product in Philippines. The main destination of Paper articles exports from Philippines are: South Korea ($50M), United States ($19.8M), Indonesia ($17.2M), Chinese Taipei ($10.8M), and Pakistan ($10.8M).

The fastest growing export markets for Paper articles of Philippines between 2021 and 2022 were Thailand ($5.56M), South Korea ($3.15M), and Pakistan ($2.92M).

Imports In 2022, Philippines imported $2.19B in Paper articles, becoming the 27th largest importer of Paper articles in the world. At the same year, Paper articles was the 13th most imported product in Philippines. Philippines imports Paper articles primarily from: China ($1.04B), Indonesia ($262M), Japan ($129M), Singapore ($112M), and South Korea ($82.4M).

The fastest growing import markets in Paper articles for Philippines between 2021 and 2022 were China ($260M), Japan ($30M), and Indonesia ($22.7M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (10), Amazon (9), and At Home Procurement (6) were at the forefront of shipping Paper articles from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Paper articles exports accounted up to $5.52M and imports accounted up to $51.8M, resulting in a negative trade balance of $46.3M. Between June 2023 and June 2024 the exports of Philippines'   Paper articles have decreased by $-6.3M (-53.3%) from $11.8M to $5.52M, while imports decreased by $-68.2M (-56.8%) from $120M to $51.8M.

Destinations In June 2024, Paper articles were exported mostly to United States ($1.08M), Japan ($550k), Indonesia ($491k), Thailand ($467k), and Malaysia ($465k), and were imported mostly from Japan ($9.67M), United States ($7.21M), South Korea ($4.4M), Vietnam ($3.73M), and Sweden ($2.91M).

Growth In June 2024, the decrease in Paper articles's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-504k or -68.7%), Burma ($-425k or -93.8%), and South Korea ($-392k or -32.6%). In June 2024, the decrease in Paper articles's year-by-year imports was explained primarily by a decrease in imports from Russia ($-3.19M or -94.7%), South Korea ($-3.05M or -40.4%), and Thailand ($-1.61M or -54.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-6.3M(-53.3%)
IMPORT GROWTH (June 2023 - June 2024)$-68.2M(-56.8%)
MAIN DESTINATION (June 2024)United States$1.08M

This section shows Paper articles'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 Paper articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$178M
IMPORTS (2022)$2.19B
NET TRADE (2022)-$2.01B

In 2022, Philippines exported $178M in Paper articles. The main destinations of Philippines exports on Paper articles were South Korea ($50M), United States ($19.8M), Indonesia ($17.2M), Chinese Taipei ($10.8M), and Pakistan ($10.8M).

In 2022, Philippines imported $2.19B in Paper articles, mainly from China ($1.04B), Indonesia ($262M), Japan ($129M), Singapore ($112M), and South Korea ($82.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paper articles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$5.56M (382%)
South Korea$3.15M (6.73%)
Pakistan$2.92M (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paper articles BY Philippines WERE (2021 - 2022):
Indonesia-$3M (-14.9%)
Vietnam-$1.62M (-27.6%)
Russia-$1.35M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Paper articles were:
China $33.4B
Germany $26.5B
United States $17.9B
In 2022, Philippines's main importing competitors in Paper articles were:
United States $23.4B
Germany $16.9B
France $11.8B

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Trade Value of Paper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.53M
TOP IMPORT POTENTIALChina+ $45.6M

Paper articles’s highest export potential is United States. With an export gap of $9.53M.   Paper articles’s highest import potential is China with an import gap of $45.6M.

See methodology.

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