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2023
Exports $48.2MWorld Rnk 40 / 196
Flag Rnk 166 / 1123
2023
Destination $206k Japan
2022 - 2023
FASTEST GROWING MARKET $206kVietnam
2023
PRODUCT COMPLEXITY IN Plastic Building Materials0.19Rnk 495 / 1025
2023
Imports $77.2MWorld Rnk 36 / 226
Flag Rnk 255 / 1202
2023
Origin $13M China
2022 - 2023
FASTEST GROWING ORIGIN $13MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $48.2M in Plastic Building Materials, making it the 40th largest exporter of Plastic Building Materials in the world. At the same year, Plastic Building Materials was the 166th most exported product in Philippines. The main destination of Plastic Building Materials exports from Philippines are: Japan ($46.4M), Indonesia ($408k), Vietnam ($228k), United States ($227k), and Netherlands ($143k).

The fastest growing export markets for Plastic Building Materials of Philippines between 2022 and 2023 were Vietnam ($206k), China ($55.4k), and United Arab Emirates ($54.3k).

Imports In 2023, Philippines imported $77.2M in Plastic Building Materials, becoming the 36th largest importer of Plastic Building Materials in the world. At the same year, Plastic Building Materials was the 255th most imported product in Philippines. Philippines imports Plastic Building Materials primarily from: China ($64.5M), Malaysia ($2.33M), South Korea ($2.24M), United States ($1.73M), and India ($1.24M).

The fastest growing import markets in Plastic Building Materials for Philippines between 2022 and 2023 were China ($13M), United States ($674k), and Turkey ($332k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Plastic Building Materials exports accounted up to $6.16M and imports accounted up to $7.48M, resulting in a negative trade balance of $1.32M. Between July 2023 and July 2024 the exports of Philippines'   Plastic Building Materials have increased by $5.32M (633%) from $841k to $6.16M, while imports increased by $1.89M (33.8%) from $5.59M to $7.48M.

Destinations In July 2024, Plastic Building Materials were exported mostly to Japan ($5.76M), United States ($120k), Belgium ($102k), Indonesia ($50.3k), and Vietnam ($49.6k), and were imported mostly from China ($6.95M), Malaysia ($129k), United States ($116k), South Korea ($85.2k), and Thailand ($67.6k).

Growth In July 2024, the increase in Plastic Building Materials's year-by-year exports was explained primarily by an increase in exports to Australia ($222k or 6.18k%), United States ($128k or 31.5k%), and Indonesia ($373 or 49.3%). In July 2024, the increase in Plastic Building Materials's year-by-year imports was explained primarily by an increase in imports from India ($525k or 5.08k%), South Korea ($30.1k or 27.3%), and Turkey ($24.3k or 90%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$5.32M(633%)
IMPORT GROWTH (July 2023 - July 2024)$1.89M(33.8%)
MAIN DESTINATION (July 2024)Japan$5.76M

This section shows Plastic Building Materials'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 Plastic Building Materials over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$48.2M
IMPORTS (2023)$77.2M
NET TRADE (2023)-$29M

In 2023, Philippines exported $48.2M in Plastic Building Materials. The main destinations of Philippines exports on Plastic Building Materials were Japan ($46.4M), Indonesia ($408k), Vietnam ($228k), United States ($227k), and Netherlands ($143k).

In 2023, Philippines imported $77.2M in Plastic Building Materials, mainly from China ($64.5M), Malaysia ($2.33M), South Korea ($2.24M), United States ($1.73M), and India ($1.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastic Building Materials EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Vietnam$206k (954%)
China$55.4k (2.19k%)
United Arab Emirates$54.3k (4.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Building Materials BY Philippines WERE (2022 - 2023):
Japan-$8.82M (-16%)
United States-$3.55M (-94%)
Thailand-$424k (-76.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Plastic Building Materials were:
China $2.63B
Germany $1.81B
Poland $1.41B
In 2023, Philippines's main importing competitors in Plastic Building Materials were:
United States $2.69B
France $994M
Germany $971M

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Trade Value of Plastic Building Materials by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.93M
TOP IMPORT POTENTIALUnited States+ $1.98M

Plastic Building Materials’s highest export potential is United States. With an export gap of $4.93M.   Plastic Building Materials’s highest import potential is United States with an import gap of $1.98M.

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