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2022
Exports $81MWorld Rnk 28 / 178
Flag Rnk 132 / 1127
2022
Destination $256k United States
2021 - 2022
FASTEST GROWING MARKET $256kNetherlands
2022
PRODUCT COMPLEXITY IN Cement Articles0.38Rnk 417 / 1025
2022
Imports $96.9MWorld Rnk 26 / 221
Flag Rnk 272 / 1201
2022
Origin $25.8M China
2021 - 2022
FASTEST GROWING ORIGIN $25.8MSpain
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $81M in Cement Articles, making it the 28th largest exporter of Cement Articles in the world. At the same year, Cement Articles was the 132nd most exported product in Philippines. The main destination of Cement Articles exports from Philippines are: United States ($55.4M), Japan ($21.8M), Netherlands ($844k), Australia ($693k), and Canada ($545k).

The fastest growing export markets for Cement Articles of Philippines between 2021 and 2022 were Netherlands ($256k), Australia ($151k), and Canada ($104k).

Imports In 2022, Philippines imported $96.9M in Cement Articles, becoming the 26th largest importer of Cement Articles in the world. At the same year, Cement Articles was the 272nd most imported product in Philippines. Philippines imports Cement Articles primarily from: China ($42.8M), Spain ($26.1M), Singapore ($20.9M), Malaysia ($1.81M), and Japan ($1.8M).

The fastest growing import markets in Cement Articles for Philippines between 2021 and 2022 were Spain ($25.8M), Singapore ($20.7M), and China ($7.28M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Cement Articles from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Cement Articles exports accounted up to $11.7M and imports accounted up to $275k, resulting in a positive trade balance of $11.5M. Between June 2023 and June 2024 the exports of Philippines'   Cement Articles have increased by $878k (8.09%) from $10.9M to $11.7M, while imports decreased by $-1.64M (-85.6%) from $1.91M to $275k.

Destinations In June 2024, Cement Articles were exported mostly to Japan ($8.59M), United States ($2.8M), Puerto Rico ($97.8k), Israel ($88.7k), and Netherlands ($79.1k), and were imported mostly from Vietnam ($98.5k), Thailand ($81.5k), Japan ($81.1k), Chinese Taipei ($8.7k), and South Korea ($2.05k).

Growth In June 2024, the increase in Cement Articles's year-by-year exports was explained primarily by an increase in exports to Japan ($3.37M or 53.7%), Italy ($26.1k or 308%), and Jamaica ($1.94k or 65.3%). In June 2024, the decrease in Cement Articles's year-by-year imports was explained primarily by a decrease in imports from China ($-899k or -39.1%), Japan ($-105k or -56%), and Indonesia ($-70.5k or -62.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$878k(8.09%)
IMPORT GROWTH (June 2023 - June 2024)$-1.64M(-85.6%)
MAIN DESTINATION (June 2024)Japan$8.59M

This section shows 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 Cement Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$81M
IMPORTS (2022)$96.9M
NET TRADE (2022)-$15.9M

In 2022, Philippines exported $81M in Cement Articles. The main destinations of Philippines exports on Cement Articles were United States ($55.4M), Japan ($21.8M), Netherlands ($844k), Australia ($693k), and Canada ($545k).

In 2022, Philippines imported $96.9M in Cement Articles, mainly from China ($42.8M), Spain ($26.1M), Singapore ($20.9M), Malaysia ($1.81M), and Japan ($1.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cement Articles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$256k (43.6%)
Australia$151k (27.9%)
Canada$104k (23.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement Articles BY Philippines WERE (2021 - 2022):
United States-$17.1M (-23.6%)
Japan-$2.4M (-9.89%)
Eswatini-$207k (-90.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cement Articles were:
China $3B
Germany $1.1B
Spain $981M
In 2022, Philippines's main importing competitors in Cement Articles were:
United States $2.93B
Netherlands $634M
Germany $609M

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Trade Value of Cement Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.96M
TOP IMPORT POTENTIALChina+ $10.6M

Cement Articles’s highest export potential is United States. With an export gap of $6.96M.   Cement Articles’s highest import potential is China with an import gap of $10.6M.

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