Polyacetals in Philippines 2021 Exports | Imports : $29.1M | $626M, World Rnk 62 / 178 Rnk 208 / 1111 | World Rnk 32 / 218 Rnk 44 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.54M | $49.7M, China | Thailand
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Polyacetals: 0.76, Rnk 252 / 1029
Exports In 2021, Philippines exported $29.1M in Polyacetals, making it the 62nd largest exporter of Polyacetals in the world. At the same year, Polyacetals was the 208th most exported product in Philippines. The main destination of Polyacetals exports from Philippines are: China ($8.17M), Indonesia ($4.29M), Japan ($3.77M), United States ($3.16M), and Malaysia ($2.56M).
The fastest growing export markets for Polyacetals of Philippines between 2020 and 2021 were China ($3.54M), Malaysia ($1.9M), and United States ($1.76M).
Imports In 2021, Philippines imported $626M in Polyacetals, becoming the 32nd largest importer of Polyacetals in the world. At the same year, Polyacetals was the 44th most imported product in Philippines. Philippines imports Polyacetals primarily from: China ($180M), Thailand ($98.6M), Japan ($88.1M), Singapore ($78.3M), and Malaysia ($46.8M).
The fastest growing import markets in Polyacetals for Philippines between 2020 and 2021 were Thailand ($49.7M), China ($39.2M), and Japan ($27.1M).
Tariffs In 2018, the average tariff for Philippines in Polyacetals was 4.27%. The countries with the highest import tariffs for Polyacetals were Angola (Most Favoured Nation duty rate treatment, 4.53%), Burundi (Most Favoured Nation duty rate treatment, 4.53%), Benin (Most Favoured Nation duty rate treatment, 4.53%), Burkina Faso (Most Favoured Nation duty rate treatment, 4.53%), and Botswana (Most Favoured Nation duty rate treatment, 4.53%).
August 2021
Overview In August 2021 Philippines' Polyacetals exports accounted up to N/A1.16M and imports accounted up to N/A54.2M, resulting in a negative trade balance of N/A53M. Between August 2020 and August 2021 the exports of Philippines' Polyacetals have increased by N/A720k (164%) from N/A438k to N/A1.16M, while imports increased by N/A27.1M (100%) from N/A27.1M to N/A54.2M.
Destinations In August 2021, Polyacetals were exported mostly to Japan ($394k), Malaysia ($194k), Chinese Taipei ($145k), Singapore ($116k), and United States ($89k), and were imported mostly from China ($15.3M), Thailand ($11.8M), Japan ($7.48M), Singapore ($5.44M), and Chinese Taipei ($3.87M).
Growth In August 2021, the increase in Polyacetals's year-by-year exports was explained primarily by an increase in exports to Indonesia ($335k or 732%). In August 2021, the increase in Polyacetals's year-by-year imports was explained primarily by an increase in imports from Singapore ($1.74M or 49.2%), India ($289k or 117%), and France ($233k or 950%).
EXPORT GROWTH (August 2020 - August 2021): N/A720k, (164%)
IMPORT GROWTH (August 2020 - August 2021): N/A27.1M, (100%)
MAIN DESTINATION (August 2021): Japan, $394k
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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EXPORTS (2021): $29.1M
IMPORTS (2021): $626M
NET TRADE (2021): -$597M
In 2021, Philippines exported $29.1M in Polyacetals. The main destinations of Philippines exports on Polyacetals were China ($8.17M), Indonesia ($4.29M), Japan ($3.77M), United States ($3.16M), and Malaysia ($2.56M).
In 2021, Philippines imported $626M in Polyacetals, mainly from China ($180M), Thailand ($98.6M), Japan ($88.1M), Singapore ($78.3M), and Malaysia ($46.8M).
THE FASTEST GROWING Polyacetals EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Polyacetals BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Polyacetals were:
In 2021, Philippines's main importing competitors in Polyacetals were:
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