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2023
Exports $537kWorld Rnk 79 / 155
Flag Rnk 646 / 1123
2023
Destination $243k China
2022 - 2023
FASTEST GROWING MARKET $243kChina
2023
PRODUCT COMPLEXITY IN Amino-resins1.13Rnk 130 / 1025
2023
Imports $91.3MWorld Rnk 44 / 215
Flag Rnk 221 / 1202
2023
Origin $6.79M Japan
2022 - 2023
FASTEST GROWING ORIGIN $6.79MJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $537k in Amino-resins, making it the 79th largest exporter of Amino-resins in the world. At the same year, Amino-resins was the 646th most exported product in Philippines. The main destination of Amino-resins exports from Philippines are: China ($243k), Japan ($207k), Malaysia ($21.9k), Singapore ($21.4k), and Vietnam ($14.3k).

The fastest growing export markets for Amino-resins of Philippines between 2022 and 2023 were China ($243k), Malaysia ($20.3k), and Vietnam ($13.8k).

Imports In 2023, Philippines imported $91.3M in Amino-resins, becoming the 44th largest importer of Amino-resins in the world. At the same year, Amino-resins was the 221st most imported product in Philippines. Philippines imports Amino-resins primarily from: Japan ($24.2M), China ($15.4M), Singapore ($14.8M), Malaysia ($10.9M), and South Korea ($6.77M).

The fastest growing import markets in Amino-resins for Philippines between 2022 and 2023 were Japan ($6.79M), Saudi Arabia ($366k), and Greece ($334k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Amino-resins exports accounted up to $20.9k and imports accounted up to $8.3M, resulting in a negative trade balance of $8.28M. Between June 2023 and July 2024 the exports of Philippines'   Amino-resins have increased by $13.1k (170%) from $7.74k to $20.9k, while imports increased by $192k (2.37%) from $8.11M to $8.3M.

Destinations In July 2024, Amino-resins were exported mostly to Thailand ($16.5k), United States ($4.26k), Japan ($31), and Singapore ($27), and were imported mostly from Japan ($2.29M), China ($1.64M), South Korea ($1.58M), Malaysia ($1.01M), and Singapore ($746k).

Growth In July 2024, the increase in Amino-resins's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Amino-resins's year-by-year imports was explained primarily by an increase in imports from Japan ($359k or 33.7%), United States ($351k or 319%), and Malaysia ($218k or 54.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$13.1k(170%)
IMPORT GROWTH (July 2023 - July 2024)$192k(2.37%)
MAIN DESTINATION (July 2024)Thailand$16.5k

This section shows Amino-resins'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 Amino-resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$537k
IMPORTS (2023)$91.3M
NET TRADE (2023)-$90.8M

In 2023, Philippines exported $537k in Amino-resins. The main destinations of Philippines exports on Amino-resins were China ($243k), Japan ($207k), Malaysia ($21.9k), Singapore ($21.4k), and Vietnam ($14.3k).

In 2023, Philippines imported $91.3M in Amino-resins, mainly from Japan ($24.2M), China ($15.4M), Singapore ($14.8M), Malaysia ($10.9M), and South Korea ($6.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Amino-resins EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$243k (207k%)
Malaysia$20.3k (1.31k%)
Vietnam$13.8k (2.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Amino-resins BY Philippines WERE (2022 - 2023):
Singapore-$4.02M (-99.5%)
Japan-$14.7k (-6.65%)
Thailand-$6.78k (-42.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Amino-resins were:
China $3.46B
Germany $3.25B
United States $1.53B
In 2023, Philippines's main importing competitors in Amino-resins were:
China $1.56B
Germany $1.16B
United States $1.1B

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Trade Value of Amino-resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28.4k
TOP IMPORT POTENTIALChina+ $11.8M

Amino-resins’s highest export potential is United States. With an export gap of $28.4k.   Amino-resins’s highest import potential is China with an import gap of $11.8M.

See methodology.

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