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2022
Exports $78.3kWorld Rnk 71 / 148
Flag Rnk 857 / 1127
2022
Destination $39.9k United States
2021 - 2022
FASTEST GROWING MARKET $39.9kUnited States
2022
PRODUCT COMPLEXITY IN Rubber Inner Tubes-0.084Rnk 574 / 1025
2022
Imports $32.4MWorld Rnk 9 / 218
Flag Rnk 480 / 1201
2022
Origin $1.27M China
2021 - 2022
FASTEST GROWING ORIGIN $1.27MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $78.3k in Rubber Inner Tubes, making it the 71st largest exporter of Rubber Inner Tubes in the world. At the same year, Rubber Inner Tubes was the 857th most exported product in Philippines. The main destination of Rubber Inner Tubes exports from Philippines are: United States ($39.9k), Turkey ($36.4k), South Korea ($1.9k), Poland ($8), and Czechia ($7).

The fastest growing export markets for Rubber Inner Tubes of Philippines between 2021 and 2022 were United States ($39.9k), Poland ($8), and Slovakia ($5).

Imports In 2022, Philippines imported $32.4M in Rubber Inner Tubes, becoming the 9th largest importer of Rubber Inner Tubes in the world. At the same year, Rubber Inner Tubes was the 480th most imported product in Philippines. Philippines imports Rubber Inner Tubes primarily from: China ($18.8M), South Korea ($5.37M), India ($4.28M), Thailand ($1.92M), and Vietnam ($1.4M).

The fastest growing import markets in Rubber Inner Tubes for Philippines between 2021 and 2022 were South Korea ($1.27M), United States ($392k), and Malaysia ($7.87k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Rubber Inner Tubes exports accounted up to $302k and imports accounted up to $1.22M, resulting in a negative trade balance of $914k. Between August 2023 and September 2024 the exports of Philippines'   Rubber Inner Tubes have decreased by $-373k (-55.2%) from $674k to $302k, while imports increased by $330k (37.3%) from $886k to $1.22M.

Destinations In September 2024, Rubber Inner Tubes were exported mostly to , and were imported mostly from China ($409k), South Korea ($258k), Indonesia ($220k), India ($160k), and Thailand ($58.1k).

Growth In September 2024, the decrease in Rubber Inner Tubes's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Rubber Inner Tubes's year-by-year imports was explained primarily by an increase in imports from South Korea ($134k or 469%), United States ($98.6k or 157%), and United Kingdom ($19 or 2.92%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - September 2024)$-373k(-55.2%)
IMPORT GROWTH (October 2023 - October 2024)$330k(37.3%)
MAIN DESTINATION (September 2024)

This section shows Rubber Inner Tubes'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 Inner Tubes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$78.3k
IMPORTS (2022)$32.4M
NET TRADE (2022)-$32.3M

In 2022, Philippines exported $78.3k in Rubber Inner Tubes. The main destinations of Philippines exports on Rubber Inner Tubes were United States ($39.9k), Turkey ($36.4k), South Korea ($1.9k), Poland ($8), and Czechia ($7).

In 2022, Philippines imported $32.4M in Rubber Inner Tubes, mainly from China ($18.8M), South Korea ($5.37M), India ($4.28M), Thailand ($1.92M), and Vietnam ($1.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Inner Tubes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$39.9k (1%)
Poland$8 (1%)
Slovakia$5 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Inner Tubes BY Philippines WERE (2021 - 2022):
Turkey-$131k (-78.3%)
South Korea-$1.45k (-43.3%)
Saudi Arabia-$605 (-100%)
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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 Inner Tubes were:
China $673M
South Korea $121M
Vietnam $119M
In 2022, Philippines's main importing competitors in Rubber Inner Tubes were:
United States $109M
Germany $90.4M
Brazil $72.3M

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Trade Value of Rubber Inner Tubes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $6.3k
TOP IMPORT POTENTIALIndia+ $955k

Rubber Inner Tubes’s highest export potential is Turkey. With an export gap of $6.3k.   Rubber Inner Tubes’s highest import potential is India with an import gap of $955k.

See methodology.

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