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2022
Exports $17.3MWorld Rnk 41 / 148
Flag Rnk 282 / 1127
2022
Destination $26.8k Japan
2021 - 2022
FASTEST GROWING MARKET $26.8kUnited States
2022
PRODUCT COMPLEXITY IN Rock Wool0.63Rnk 307 / 1025
2022
Imports $22.1MWorld Rnk 50 / 215
Flag Rnk 561 / 1201
2022
Origin $3.97MN/A
2021 - 2022
FASTEST GROWING ORIGIN $3.97MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $17.3M in Rock Wool, making it the 41st largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 282nd most exported product in Philippines. The main destination of Rock Wool exports from Philippines are: Japan ($17.1M), Singapore ($80.7k), Afghanistan ($28k), United States ($26.8k), and Jamaica ($17.7k).

The fastest growing export markets for Rock Wool of Philippines between 2021 and 2022 were United States ($26.8k), Afghanistan ($25.2k), and Jamaica ($16.6k).

Imports In 2022, Philippines imported $22.1M in Rock Wool, becoming the 50th largest importer of Rock Wool in the world. At the same year, Rock Wool was the 561st most imported product in Philippines. Philippines imports Rock Wool primarily from: N/A.

The fastest growing import markets in Rock Wool for Philippines between 2021 and 2022 were China ($3.97M), Poland ($1.08M), and United States ($311k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Rock Wool exports accounted up to $16.6k and imports accounted up to $2.2M, resulting in a negative trade balance of $2.19M. Between February 2023 and July 2024 the exports of Philippines'   Rock Wool have decreased by $-642k (-97.5%) from $658k to $16.6k, while imports decreased by $-60.2k (-2.66%) from $2.26M to $2.2M.

Destinations In July 2024, Rock Wool were exported mostly to Japan ($9.06k) and Micronesia ($7.55k), and were imported mostly from China ($1.9M), Poland ($93.5k), Germany ($73.5k), India ($34.4k), and Thailand ($29.4k).

Growth In July 2024, the decrease in Rock Wool's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.19M or -58.4%) and Afghanistan ($-2.37k or -52.4%). In July 2024, the decrease in Rock Wool's year-by-year imports was explained primarily by a decrease in imports from China ($-576k or -24.5%), Japan ($-40k or -82.7%), and Singapore ($-12.3k or -69%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - July 2024)$-642k(-97.5%)
IMPORT GROWTH (July 2023 - July 2024)$-60.2k(-2.66%)
MAIN DESTINATION (July 2024)Japan$9.06k

This section shows Rock Wool'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 Rock Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.3M
IMPORTS (2022)$22.1M
NET TRADE (2022)-$4.83M

In 2022, Philippines exported $17.3M in Rock Wool. The main destinations of Philippines exports on Rock Wool were Japan ($17.1M), Singapore ($80.7k), Afghanistan ($28k), United States ($26.8k), and Jamaica ($17.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$26.8k (1%)
Afghanistan$25.2k (884%)
Jamaica$16.6k (1.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY Philippines WERE (2021 - 2022):
Japan-$2.18M (-11.3%)
Chinese Taipei-$52k (-100%)
Singapore-$16.8k (-17.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Rock Wool were:
Germany $667M
Poland $567M
China $552M
In 2022, Philippines's main importing competitors in Rock Wool were:
Germany $513M
United States $426M
Italy $356M

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.3k
TOP IMPORT POTENTIALJapan+ $804k

Rock Wool’s highest export potential is United States. With an export gap of $47.3k.   Rock Wool’s highest import potential is Japan with an import gap of $804k.

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