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Pricing

2022
Exports $1.48MWorld Rnk 53 / 202
Flag Rnk 567 / 1127
2022
Destination $306k Kuwait
2021 - 2022
FASTEST GROWING MARKET $306kKuwait
2022
PRODUCT COMPLEXITY IN Rubber Belting0.48Rnk 373 / 1025
2022
Imports $43.1MWorld Rnk 38 / 224
Flag Rnk 409 / 1201
2022
Origin $4.44M China
2021 - 2022
FASTEST GROWING ORIGIN $4.44MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.48M in Rubber Belting, making it the 53rd largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 567th most exported product in Philippines. The main destination of Rubber Belting exports from Philippines are: Kuwait ($457k), China ($439k), United States ($232k), Vietnam ($58.5k), and Mexico ($57.7k).

The fastest growing export markets for Rubber Belting of Philippines between 2021 and 2022 were Kuwait ($306k), Vietnam ($51.8k), and Mexico ($30.4k).

Imports In 2022, Philippines imported $43.1M in Rubber Belting, becoming the 38th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 409th most imported product in Philippines. Philippines imports Rubber Belting primarily from: China ($11.5M), Thailand ($10.1M), Japan ($7.37M), Germany ($3.14M), and Singapore ($2.25M).

The fastest growing import markets in Rubber Belting for Philippines between 2021 and 2022 were Thailand ($4.44M), Germany ($2.14M), and China ($933k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Rubber Belting exports accounted up to $84.2k and imports accounted up to $2.17M, resulting in a negative trade balance of $2.09M. Between June 2023 and June 2024 the exports of Philippines'   Rubber Belting have decreased by $-928k (-91.7%) from $1.01M to $84.2k, while imports decreased by $-1.48M (-40.6%) from $3.66M to $2.17M.

Destinations In June 2024, Rubber Belting were exported mostly to China ($50.2k), United States ($24.9k), Indonesia ($6.38k), Singapore ($1.7k), and Netherlands ($966), and were imported mostly from Japan ($580k), Thailand ($372k), Germany ($335k), Hungary ($293k), and South Korea ($118k).

Growth In June 2024, the decrease in Rubber Belting's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Rubber Belting's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-45.2k or -41.2%), Austria ($-20.7k or -98%), and China ($-18.4k or -2.75%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-928k(-91.7%)
IMPORT GROWTH (June 2023 - June 2024)$-1.48M(-40.6%)
MAIN DESTINATION (June 2024)China$50.2k

This section shows Rubber Belting'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 Belting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.48M
IMPORTS (2022)$43.1M
NET TRADE (2022)-$41.6M

In 2022, Philippines exported $1.48M in Rubber Belting. The main destinations of Philippines exports on Rubber Belting were Kuwait ($457k), China ($439k), United States ($232k), Vietnam ($58.5k), and Mexico ($57.7k).

In 2022, Philippines imported $43.1M in Rubber Belting, mainly from China ($11.5M), Thailand ($10.1M), Japan ($7.37M), Germany ($3.14M), and Singapore ($2.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$306k (202%)
Vietnam$51.8k (776%)
Mexico$30.4k (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Philippines WERE (2021 - 2022):
China-$875k (-66.6%)
Egypt-$110k (-100%)
Papua New Guinea-$75.4k (-92.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Rubber Belting were:
China $1.52B
Germany $926M
United States $480M
In 2022, Philippines's main importing competitors in Rubber Belting were:
United States $884M
Germany $562M
Canada $287M

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $340k
TOP IMPORT POTENTIALChina+ $5.23M

Rubber Belting’s highest export potential is United States. With an export gap of $340k.   Rubber Belting’s highest import potential is China with an import gap of $5.23M.

See methodology.

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