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2022
Exports $4.88MWorld Rnk 40 / 130
Flag Rnk 412 / 1127
2022
Destination $2.15M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.15MVietnam
2022
PRODUCT COMPLEXITY IN Asbestos Cement Articles-0.19Rnk 614 / 1025
2022
Imports $84.8MWorld Rnk 5 / 215
Flag Rnk 297 / 1201
2022
Origin $12.1M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $12.1MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.88M in Asbestos Cement Articles, making it the 40th largest exporter of Asbestos Cement Articles in the world. At the same year, Asbestos Cement Articles was the 412th most exported product in Philippines. The main destination of Asbestos Cement Articles exports from Philippines are: Vietnam ($2.15M), Chinese Taipei ($1.87M), Singapore ($140k), United Arab Emirates ($109k), and South Korea ($105k).

The fastest growing export markets for Asbestos Cement Articles of Philippines between 2021 and 2022 were Vietnam ($2.15M), Mexico ($74.9k), and Singapore ($66.6k).

Imports In 2022, Philippines imported $84.8M in Asbestos Cement Articles, becoming the 5th largest importer of Asbestos Cement Articles in the world. At the same year, Asbestos Cement Articles was the 297th most imported product in Philippines. Philippines imports Asbestos Cement Articles primarily from: Thailand ($65.2M), Indonesia ($14M), China ($3.95M), Malaysia ($561k), and Japan ($489k).

The fastest growing import markets in Asbestos Cement Articles for Philippines between 2021 and 2022 were Thailand ($12.1M), Indonesia ($7.13M), and Japan ($131k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Asbestos Cement Articles exports accounted up to $106k and imports accounted up to $6.4M, resulting in a negative trade balance of $6.29M. Between July 2023 and July 2024 the exports of Philippines'   Asbestos Cement Articles have increased by $14.5k (15.9%) from $91.1k to $106k, while imports increased by $1.23M (23.7%) from $5.17M to $6.4M.

Destinations In July 2024, Asbestos Cement Articles were exported mostly to Chinese Taipei ($63.7k), Israel ($20.1k), Hong Kong ($14.5k), and China ($7.26k), and were imported mostly from Thailand ($5.07M), Indonesia ($1.07M), China ($249k), Vietnam ($8.52k), and Japan ($2.21k).

Growth In July 2024, the increase in Asbestos Cement Articles's year-by-year exports was explained primarily by an increase in exports to China ($2.03k or 12.1%). In July 2024, the increase in Asbestos Cement Articles's year-by-year imports was explained primarily by an increase in imports from Thailand ($371k or 8.75%) and China ($44.2k or 453%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$14.5k(15.9%)
IMPORT GROWTH (July 2023 - July 2024)$1.23M(23.7%)
MAIN DESTINATION (July 2024)Chinese Taipei$63.7k

This section shows Asbestos Cement Articles'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 Asbestos Cement Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.88M
IMPORTS (2022)$84.8M
NET TRADE (2022)-$79.9M

In 2022, Philippines exported $4.88M in Asbestos Cement Articles. The main destinations of Philippines exports on Asbestos Cement Articles were Vietnam ($2.15M), Chinese Taipei ($1.87M), Singapore ($140k), United Arab Emirates ($109k), and South Korea ($105k).

In 2022, Philippines imported $84.8M in Asbestos Cement Articles, mainly from Thailand ($65.2M), Indonesia ($14M), China ($3.95M), Malaysia ($561k), and Japan ($489k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Asbestos Cement Articles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$2.15M (756k%)
Mexico$74.9k (1%)
Singapore$66.6k (91.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asbestos Cement Articles BY Philippines WERE (2021 - 2022):
New Zealand-$2.35M (-100%)
South Korea-$428k (-80.2%)
Chinese Taipei-$261k (-12.2%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Asbestos Cement Articles were:
Thailand $220M
China $205M
United States $195M
In 2022, Philippines's main importing competitors in Asbestos Cement Articles were:
Canada $168M
United States $165M
United Kingdom $133M

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Trade Value of Asbestos Cement Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $92.9k
TOP IMPORT POTENTIALChina+ $2.16M

Asbestos Cement Articles’s highest export potential is United States. With an export gap of $92.9k.   Asbestos Cement Articles’s highest import potential is China with an import gap of $2.16M.

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