Rubberworking Machinery in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $9.28M in Rubberworking Machinery, making it the 52nd largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 346th most exported product in Philippines. The main destination of Rubberworking Machinery exports from Philippines are: Japan ($2.07M), France ($1.53M), South Korea ($882k), Chinese Taipei ($691k), and China ($688k).

The fastest growing export markets for Rubberworking Machinery of Philippines between 2021 and 2022 were France ($1.51M), South Korea ($605k), and Chinese Taipei ($490k).

Imports In 2022, Philippines imported $171M in Rubberworking Machinery, becoming the 40th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 175th most imported product in Philippines. Philippines imports Rubberworking Machinery primarily from: China ($83.8M), Japan ($26.7M), Chinese Taipei ($10.9M), United States ($7.56M), and Malaysia ($6.62M).

The fastest growing import markets in Rubberworking Machinery for Philippines between 2021 and 2022 were China ($19.9M), United States ($6.42M), and Malaysia ($5.15M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Rubberworking Machinery from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Rubberworking Machinery exports accounted up to $1.19M and imports accounted up to $9.69M, resulting in a negative trade balance of $8.5M. Between August 2020 and August 2021 the exports of Philippines' Rubberworking Machinery have decreased by $-11.3M (-90.5%) from $12.5M to $1.19M, while imports decreased by $-2.93M (-23.2%) from $12.6M to $9.69M.

Destinations In August 2021, Rubberworking Machinery were exported mostly to Japan ($894k), China ($93.8k), South Korea ($73.5k), Brazil ($41.6k), and United States ($27.8k), and were imported mostly from Japan ($3.87M), China ($2.57M), Malaysia ($966k), South Korea ($662k), and Chinese Taipei ($405k).

Growth In August 2021, the decrease in Rubberworking Machinery's year-by-year exports was explained primarily by a decrease in exports to Japan ($-235k or -54.3%), Thailand ($-27.1k or -97.7%), and Chinese Taipei ($-5.12k or -51.2%). In August 2021, the decrease in Rubberworking Machinery's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-1.47M or -92.5%), Netherlands ($-668k or -100%), and South Korea ($-422k or -35.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-11.3M(-90.5%)

IMPORT GROWTH (August 2020 - August 2021)$-2.93M(-23.2%)

MAIN DESTINATION (August 2021)Japan$894k

This section shows Rubberworking Machinery'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 Rubberworking Machinery over time.

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