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2020
Exports $696World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.77Rnk 776 / 1025
2020
Imports $53.8MWorld Rnk 5 / 188
Flag Rnk 328 / 1202
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Imports In 2023, Philippines imported $53.8M in Bitumen and asphalt, becoming the 5th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 328th most imported product in Philippines. Philippines imports Bitumen and asphalt primarily from: Chinese Taipei ($14.1M), Thailand ($11.7M), South Korea ($8.72M), Singapore ($8.39M), and China ($6.2M).

The fastest growing import markets in Bitumen and asphalt for Philippines between 2022 and 2023 were Singapore ($1.63M), Bahrain ($551k), and Italy ($344k).

Latest Trends

Jan 2025

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)$696
IMPORTS (2023)$53.8M
NET TRADE (2023)-$53.8M

In 2023, Philippines imported $53.8M in Bitumen and asphalt, mainly from Chinese Taipei ($14.1M), Thailand ($11.7M), South Korea ($8.72M), Singapore ($8.39M), and China ($6.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Bitumen and asphalt were:
United States $131M
Iraq $114M
Bahrain $52.7M
In 2023, Philippines's main importing competitors in Bitumen and asphalt were:
United Arab Emirates $140M
France $123M
Uruguay $60.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
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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.

See methodology.

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