Scrap Plastic in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $81M in Scrap Plastic, making it the 14th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 133rd most exported product in Philippines. The main destination of Scrap Plastic exports from Philippines are: China ($35.7M), Chinese Taipei ($28.5M), United States ($6.74M), Malaysia ($2.73M), and Vietnam ($2.27M).

The fastest growing export markets for Scrap Plastic of Philippines between 2021 and 2022 were Malaysia ($1.9M), Australia ($966k), and South Korea ($750k).

Imports In 2022, Philippines imported $6.89M in Scrap Plastic, becoming the 52nd largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 785th most imported product in Philippines. Philippines imports Scrap Plastic primarily from: Japan ($3.75M), Chinese Taipei ($905k), Australia ($697k), United States ($615k), and China ($411k).

The fastest growing import markets in Scrap Plastic for Philippines between 2021 and 2022 were Chinese Taipei ($291k), Belgium ($179k), and Thailand ($100k).

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

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Scrap Plastic exports accounted up to $6.25M and imports accounted up to $355k, resulting in a positive trade balance of $5.89M. Between August 2020 and August 2021 the exports of Philippines' Scrap Plastic have increased by $1.15M (22.6%) from $5.1M to $6.25M, while imports increased by $256k (260%) from $98.5k to $355k.

Destinations In August 2021, Scrap Plastic were exported mostly to China ($3.95M), Chinese Taipei ($1.47M), Vietnam ($550k), United States ($95.5k), and Malaysia ($58.6k), and were imported mostly from Japan ($198k), United States ($46.8k), Australia ($43.5k), Chinese Taipei ($33.5k), and Hong Kong ($19.9k).

Growth In August 2021, the increase in Scrap Plastic's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($1.08M or 144%), China ($492k or 26.4%), and Vietnam ($376k or 300%). In August 2021, the increase in Scrap Plastic's year-by-year imports was explained primarily by an increase in imports from Japan ($64.3k or 99.5%), Canada ($36.9k or 863%), and Chinese Taipei ($14.2k or 42.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$1.15M(22.6%)

IMPORT GROWTH (August 2020 - August 2021)$256k(260%)

MAIN DESTINATION (August 2021)China$3.95M

This section shows Scrap Plastic'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 Scrap Plastic over time.

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