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2020
Exports $630World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2020
Imports $57.3MWorld Rnk 4 / 189
Flag Rnk 363 / 1201
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Imports In 2022, Philippines imported $57.3M in Bitumen and asphalt, becoming the 4th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 363rd most imported product in Philippines. Philippines imports Bitumen and asphalt primarily from: Chinese Taipei ($19.2M), Thailand ($13.5M), South Korea ($10.6M), Singapore ($4.78M), and China ($3.56M).

The fastest growing import markets in Bitumen and asphalt for Philippines between 2021 and 2022 were Chinese Taipei ($15.9M), Thailand ($12.7M), and South Korea ($9.4M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bitumen and asphalt. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2020)$630
IMPORTS (2022)$57.3M
NET TRADE (2022)-$57.3M

In 2022, Philippines imported $57.3M in Bitumen and asphalt, mainly from Chinese Taipei ($19.2M), Thailand ($13.5M), South Korea ($10.6M), Singapore ($4.78M), and China ($3.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, Philippines's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $395
TOP IMPORT POTENTIALChina+ $56.8k

Bitumen and asphalt’s highest export potential is China. With an export gap of $395.   Bitumen and asphalt’s highest import potential is China with an import gap of $56.8k.

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