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2022
Exports $40.8MWorld Rnk 58 / 182
Flag Rnk 187 / 1127
2022
Destination $4.93M China
2021 - 2022
FASTEST GROWING MARKET $4.93MChina
2022
PRODUCT COMPLEXITY IN Polyacetals0.78Rnk 255 / 1025
2022
Imports $676MWorld Rnk 30 / 217
Flag Rnk 47 / 1201
2022
Origin $95.8M China
2021 - 2022
FASTEST GROWING ORIGIN $95.8MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $40.8M in Polyacetals, making it the 58th largest exporter of Polyacetals in the world. At the same year, Polyacetals was the 187th most exported product in Philippines. The main destination of Polyacetals exports from Philippines are: China ($13.6M), Malaysia ($5.83M), United States ($5.19M), Japan ($4.05M), and Spain ($2.74M).

The fastest growing export markets for Polyacetals of Philippines between 2021 and 2022 were China ($4.93M), Malaysia ($3.25M), and United States ($1.99M).

Imports In 2022, Philippines imported $676M in Polyacetals, becoming the 30th largest importer of Polyacetals in the world. At the same year, Polyacetals was the 47th most imported product in Philippines. Philippines imports Polyacetals primarily from: China ($275M), Japan ($83.9M), Singapore ($82M), Thailand ($68.2M), and Malaysia ($39.6M).

The fastest growing import markets in Polyacetals for Philippines between 2021 and 2022 were China ($95.8M), Singapore ($4.67M), and Saudi Arabia ($1.99M).

COMPANIES In 2023, leading companies such as DuPont (1) were at the forefront of shipping Polyacetals from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Polyacetals exports accounted up to $1.96M and imports accounted up to $60.7M, resulting in a negative trade balance of $58.8M. Between July 2023 and July 2024 the exports of Philippines'   Polyacetals have decreased by $-2.43M (-55.4%) from $4.38M to $1.96M, while imports increased by $20.2M (49.7%) from $40.6M to $60.7M.

Destinations In July 2024, Polyacetals were exported mostly to Indonesia ($718k), Chinese Taipei ($596k), Malaysia ($265k), Japan ($220k), and Hong Kong ($75.6k), and were imported mostly from China ($29.7M), Japan ($7.26M), Thailand ($6.05M), Singapore ($4.44M), and Malaysia ($3.33M).

Growth In July 2024, the decrease in Polyacetals's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-151k or -84.1%) and Japan ($-73.4k or -11.1%). In July 2024, the increase in Polyacetals's year-by-year imports was explained primarily by an increase in imports from China ($3.71M or 22.7%), Indonesia ($543k or 391%), and Saudi Arabia ($407k or 48.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.43M(-55.4%)
IMPORT GROWTH (July 2023 - July 2024)$20.2M(49.7%)
MAIN DESTINATION (July 2024)Indonesia$718k

This section shows Polyacetals'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 Polyacetals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.8M
IMPORTS (2022)$676M
NET TRADE (2022)-$635M

In 2022, Philippines exported $40.8M in Polyacetals. The main destinations of Philippines exports on Polyacetals were China ($13.6M), Malaysia ($5.83M), United States ($5.19M), Japan ($4.05M), and Spain ($2.74M).

In 2022, Philippines imported $676M in Polyacetals, mainly from China ($275M), Japan ($83.9M), Singapore ($82M), Thailand ($68.2M), and Malaysia ($39.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Polyacetals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$4.93M (56.6%)
Malaysia$3.25M (126%)
United States$1.99M (62.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Polyacetals BY Philippines WERE (2021 - 2022):
Indonesia-$1.63M (-38.3%)
Canada-$322k (-99.5%)
Vietnam-$277k (-34%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Polyacetals were:
China $12.5B
Germany $7.27B
South Korea $6.91B
In 2022, Philippines's main importing competitors in Polyacetals were:
China $8.92B
United States $6.13B
Germany $5.02B

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Trade Value of Polyacetals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16M
TOP IMPORT POTENTIALChina+ $48.2M

Polyacetals’s highest export potential is China. With an export gap of $16M.   Polyacetals’s highest import potential is China with an import gap of $48.2M.

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