Sign In
Pricing

2022
Exports $816MWorld Rnk 40 / 226
Flag Rnk 17 / 96
2022
Destination $101M United States
2021 - 2022
FASTEST GROWING MARKET $101MUnited States
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof0.93Rnk 199 / 1025
2022
Imports $1.15BWorld Rnk 40 / 226
Flag Rnk 29 / 96
2022
Origin $16.3M China
2021 - 2022
FASTEST GROWING ORIGIN $16.3MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $816M in Rubber & articles thereof, making it the 40th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 17th most exported product in Philippines. The main destination of Rubber & articles thereof exports from Philippines are: United States ($338M), Malaysia ($133M), Japan ($95.6M), China ($45.5M), and South Korea ($30.2M).

The fastest growing export markets for Rubber & articles thereof of Philippines between 2021 and 2022 were United States ($101M), South Korea ($14.9M), and Japan ($8.67M).

Imports In 2022, Philippines imported $1.15B in Rubber & articles thereof, becoming the 40th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 29th most imported product in Philippines. Philippines imports Rubber & articles thereof primarily from: China ($438M), Thailand ($169M), Japan ($117M), Indonesia ($89.6M), and India ($88.1M).

The fastest growing import markets in Rubber & articles thereof for Philippines between 2021 and 2022 were Thailand ($16.3M), China ($10.8M), and South Korea ($8.08M).

COMPANIES In 2023, leading companies such as Yokohama Industries (4), Electrolux (3), and Michael Kors (1) were at the forefront of shipping Rubber & articles thereof from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Rubber & articles thereof exports accounted up to $48.1M and imports accounted up to $40.5M, resulting in a positive trade balance of $7.53M. Between June 2023 and June 2024 the exports of Philippines'   Rubber & articles thereof have decreased by $-19.8M (-29.2%) from $67.9M to $48.1M, while imports decreased by $-42M (-50.9%) from $82.5M to $40.5M.

Destinations In June 2024, Rubber & articles thereof were exported mostly to United States ($20.6M), Japan ($5.09M), Malaysia ($4.75M), China ($2.6M), and Germany ($2.41M), and were imported mostly from Thailand ($11.3M), Japan ($10.4M), South Korea ($4.19M), India ($3.76M), and United States ($1.79M).

Growth In June 2024, the decrease in Rubber & articles thereof's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-3.69M or -36.3%), Singapore ($-525k or -60.1%), and Japan ($-489k or -6.74%). In June 2024, the decrease in Rubber & articles thereof's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-1.81M or -43.8%), Sri Lanka ($-187k or -77.2%), and Chinese Taipei ($-133k or -5.41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-19.8M(-29.2%)
IMPORT GROWTH (June 2023 - June 2024)$-42M(-50.9%)
MAIN DESTINATION (June 2024)United States$20.6M

This section shows Rubber & articles thereof'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 Rubber & articles thereof over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$816M
IMPORTS (2022)$1.15B
NET TRADE (2022)-$329M

In 2022, Philippines exported $816M in Rubber & articles thereof. The main destinations of Philippines exports on Rubber & articles thereof were United States ($338M), Malaysia ($133M), Japan ($95.6M), China ($45.5M), and South Korea ($30.2M).

In 2022, Philippines imported $1.15B in Rubber & articles thereof, mainly from China ($438M), Thailand ($169M), Japan ($117M), Indonesia ($89.6M), and India ($88.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$101M (42.4%)
South Korea$14.9M (97%)
Japan$8.67M (9.97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Philippines WERE (2021 - 2022):
Malaysia-$11.2M (-7.75%)
Sierra Leone-$7.3M (-100%)
Russia-$2.28M (-56%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Thailand $20.1B
Germany $17.1B
In 2022, Philippines's main importing competitors in Rubber & articles thereof were:
United States $36.1B
China $17.3B
Germany $16.5B

Explore Visualizations

Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $73.3M
TOP IMPORT POTENTIALChina+ $118M

Rubber & articles thereof’s highest export potential is United States. With an export gap of $73.3M.   Rubber & articles thereof’s highest import potential is China with an import gap of $118M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms