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2022
Exports $473MWorld Rnk 32 / 203
Flag Rnk 31 / 1127
2022
Destination $106M United States
2021 - 2022
FASTEST GROWING MARKET $106MUnited States
2022
PRODUCT COMPLEXITY IN Rubber Tires0.16Rnk 500 / 1025
2022
Imports $604MWorld Rnk 34 / 225
Flag Rnk 56 / 1201
2022
Origin $17.6M China
2021 - 2022
FASTEST GROWING ORIGIN $17.6MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $473M in Rubber Tires, making it the 32nd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 31st most exported product in Philippines. The main destination of Rubber Tires exports from Philippines are: United States ($323M), Japan ($17.2M), Germany ($15.3M), Italy ($13.6M), and Canada ($10.4M).

The fastest growing export markets for Rubber Tires of Philippines between 2021 and 2022 were United States ($106M), Mexico ($6.39M), and Japan ($4.34M).

Imports In 2022, Philippines imported $604M in Rubber Tires, becoming the 34th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 56th most imported product in Philippines. Philippines imports Rubber Tires primarily from: China ($274M), Thailand ($106M), Indonesia ($75.3M), India ($74.5M), and Japan ($35.7M).

The fastest growing import markets in Rubber Tires for Philippines between 2021 and 2022 were Thailand ($17.6M), China ($6.38M), and Indonesia ($5.52M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Rubber Tires exports accounted up to $35.6M and imports accounted up to $33.9M, resulting in a positive trade balance of $1.64M. Between August 2023 and August 2024 the exports of Philippines'   Rubber Tires have decreased by $-2.95M (-7.66%) from $38.5M to $35.6M, while imports increased by $3.53M (11.6%) from $30.4M to $33.9M.

Destinations In August 2024, Rubber Tires were exported mostly to United States ($23.5M), Japan ($2.58M), Germany ($1.49M), Sweden ($862k), and Poland ($795k), and were imported mostly from China ($12.3M), Thailand ($7.26M), Indonesia ($5.08M), Japan ($4.6M), and India ($3.07M).

Growth In August 2024, the decrease in Rubber Tires's year-by-year exports was explained primarily by a decrease in exports to Italy ($-323k or -90.4%), Russia ($-59k or -10.4%), and Kuwait ($-49k or -69.7%). In August 2024, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Indonesia ($969k or 20.9%), Japan ($618k or 22.2%), and Thailand ($587k or 12.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.95M(-7.66%)
IMPORT GROWTH (August 2023 - August 2024)$3.53M(11.6%)
MAIN DESTINATION (August 2024)United States$23.5M

This section shows Rubber Tires'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 Tires over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$473M
IMPORTS (2022)$604M
NET TRADE (2022)-$131M

In 2022, Philippines exported $473M in Rubber Tires. The main destinations of Philippines exports on Rubber Tires were United States ($323M), Japan ($17.2M), Germany ($15.3M), Italy ($13.6M), and Canada ($10.4M).

In 2022, Philippines imported $604M in Rubber Tires, mainly from China ($274M), Thailand ($106M), Indonesia ($75.3M), India ($74.5M), and Japan ($35.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$106M (48.8%)
Mexico$6.39M (2.57k%)
Japan$4.34M (33.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Philippines WERE (2021 - 2022):
Russia-$2.23M (-55.5%)
Colombia-$620k (-41.2%)
Romania-$330k (-67.4%)
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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 Tires were:
China $19.6B
Thailand $7.2B
Germany $5.83B
In 2022, Philippines's main importing competitors in Rubber Tires were:
United States $19B
Germany $7.38B
France $4.51B

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $60.1M
TOP IMPORT POTENTIALChina+ $73M

Rubber Tires’s highest export potential is United States. With an export gap of $60.1M.   Rubber Tires’s highest import potential is China with an import gap of $73M.

See methodology.

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