Styrene Polymers in Philippines 2021 Exports | Imports : $17.3M | $228M, World Rnk 50 / 153 Rnk 265 / 1111 | World Rnk 28 / 208 Rnk 131 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $4.1M | $25.7M, China | Chinese Taipei
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Styrene Polymers: 0.7, Rnk 276 / 1029
Exports In 2021, Philippines exported $17.3M in Styrene Polymers, making it the 50th largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 265th most exported product in Philippines. The main destination of Styrene Polymers exports from Philippines are: China ($14.4M), Hong Kong ($1M), Chinese Taipei ($544k), Malaysia ($310k), and Japan ($216k).
The fastest growing export markets for Styrene Polymers of Philippines between 2020 and 2021 were China ($4.1M), Hong Kong ($494k), and Israel ($196k).
Imports In 2021, Philippines imported $228M in Styrene Polymers, becoming the 28th largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 131st most imported product in Philippines. Philippines imports Styrene Polymers primarily from: Chinese Taipei ($47.2M), South Korea ($46.5M), Thailand ($26.4M), Malaysia ($25.6M), and Indonesia ($22.1M).
The fastest growing import markets in Styrene Polymers for Philippines between 2020 and 2021 were Chinese Taipei ($25.7M), South Korea ($16.7M), and Indonesia ($14.2M).
Tariffs In 2018, the average tariff for Philippines in Styrene Polymers was 6.11%. The countries with the highest import tariffs for Styrene Polymers were India (Most Favoured Nation duty rate treatment, 10%), Japan (Most Favoured Nation duty rate treatment, 10%), South Korea (Most Favoured Nation duty rate treatment, 10%), Australia (Most Favoured Nation duty rate treatment, 10%), and New Zealand (Most Favoured Nation duty rate treatment, 10%).
August 2021
Overview In August 2021 Philippines' Styrene Polymers exports accounted up to N/A1.38M and imports accounted up to N/A24.2M, resulting in a negative trade balance of N/A22.8M. Between August 2020 and August 2021 the exports of Philippines' Styrene Polymers have increased by N/A646k (88.2%) from N/A733k to N/A1.38M, while imports increased by N/A15.5M (179%) from N/A8.67M to N/A24.2M.
Destinations In August 2021, Styrene Polymers were exported mostly to Japan ($984k), Chinese Taipei ($217k), China ($168k), Malaysia ($8.93k), and Costa Rica ($1.7k), and were imported mostly from South Korea ($6.32M), Chinese Taipei ($3.98M), Thailand ($2.67M), China ($2.51M), and Malaysia ($2.42M).
Growth In August 2021, the increase in Styrene Polymers's year-by-year exports was explained primarily by an increase in exports to Japan ($281k or 57.5k%) and China ($226k or 200%). In August 2021, the increase in Styrene Polymers's year-by-year imports was explained primarily by an increase in imports from Thailand ($668k or 24.9%), China ($582k or 86.4%), and South Korea ($559k or 16.3%).
EXPORT GROWTH (August 2020 - August 2021): N/A646k, (88.2%)
IMPORT GROWTH (August 2020 - August 2021): N/A15.5M, (179%)
MAIN DESTINATION (August 2021): Japan, $984k
This section shows Styrene Polymers'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 Styrene Polymers over time.
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EXPORTS (2021): $17.3M
IMPORTS (2021): $228M
NET TRADE (2021): -$211M
In 2021, Philippines exported $17.3M in Styrene Polymers. The main destinations of Philippines exports on Styrene Polymers were China ($14.4M), Hong Kong ($1M), Chinese Taipei ($544k), Malaysia ($310k), and Japan ($216k).
In 2021, Philippines imported $228M in Styrene Polymers, mainly from Chinese Taipei ($47.2M), South Korea ($46.5M), Thailand ($26.4M), Malaysia ($25.6M), and Indonesia ($22.1M).
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Styrene Polymers were:
In 2021, Philippines's main importing competitors in Styrene Polymers were:
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