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2023
Exports $1.61MWorld Rnk 54 / 125
Flag Rnk 528 / 1123
2023
Destination $138k Italy
2022 - 2023
FASTEST GROWING MARKET $138kGermany
2023
PRODUCT COMPLEXITY IN Compounded Unvulcanised Rubber0.89Rnk 212 / 1025
2023
Imports $22.3MWorld Rnk 38 / 204
Flag Rnk 496 / 1202
2023
Origin $477k Japan
2022 - 2023
FASTEST GROWING ORIGIN $477kMalaysia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.61M in Compounded Unvulcanised Rubber, making it the 54th largest exporter of Compounded Unvulcanised Rubber in the world. At the same year, Compounded Unvulcanised Rubber was the 528th most exported product in Philippines. The main destination of Compounded Unvulcanised Rubber exports from Philippines are: Italy ($446k), United States ($369k), Germany ($315k), China ($175k), and Turkey ($89.2k).

The fastest growing export markets for Compounded Unvulcanised Rubber of Philippines between 2022 and 2023 were Germany ($138k), United States ($123k), and Turkey ($89.2k).

Imports In 2023, Philippines imported $22.3M in Compounded Unvulcanised Rubber, becoming the 38th largest importer of Compounded Unvulcanised Rubber in the world. At the same year, Compounded Unvulcanised Rubber was the 496th most imported product in Philippines. Philippines imports Compounded Unvulcanised Rubber primarily from: Japan ($12.5M), Thailand ($3.65M), South Korea ($2.34M), Malaysia ($1.23M), and Germany ($684k).

The fastest growing import markets in Compounded Unvulcanised Rubber for Philippines between 2022 and 2023 were Malaysia ($477k), Japan ($445k), and Singapore ($204k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Compounded Unvulcanised Rubber exports accounted up to $658k and imports accounted up to $2.14M, resulting in a negative trade balance of $1.49M. Between April 2023 and July 2024 the exports of Philippines'   Compounded Unvulcanised Rubber have increased by $657k (638k%) from $103 to $658k, while imports increased by $678k (46.3%) from $1.47M to $2.14M.

Destinations In July 2024, Compounded Unvulcanised Rubber were exported mostly to United States ($181k), Italy ($115k), Germany ($108k), China ($58.3k), and Thailand ($56.8k), and were imported mostly from Japan ($1.18M), Thailand ($414k), South Korea ($213k), Malaysia ($106k), and Italy ($77.4k).

Growth In July 2024, the increase in Compounded Unvulcanised Rubber's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Compounded Unvulcanised Rubber's year-by-year imports was explained primarily by an increase in imports from South Korea ($233k or 3.77k%), Japan ($72.4k or 6.99%), and Singapore ($57.8k or 684%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - July 2024)$657k(638k%)
IMPORT GROWTH (July 2023 - July 2024)$678k(46.3%)
MAIN DESTINATION (July 2024)United States$181k

This section shows Compounded Unvulcanised Rubber'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 Compounded Unvulcanised Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.61M
IMPORTS (2023)$22.3M
NET TRADE (2023)-$20.7M

In 2023, Philippines exported $1.61M in Compounded Unvulcanised Rubber. The main destinations of Philippines exports on Compounded Unvulcanised Rubber were Italy ($446k), United States ($369k), Germany ($315k), China ($175k), and Turkey ($89.2k).

In 2023, Philippines imported $22.3M in Compounded Unvulcanised Rubber, mainly from Japan ($12.5M), Thailand ($3.65M), South Korea ($2.34M), Malaysia ($1.23M), and Germany ($684k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compounded Unvulcanised Rubber EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Germany$138k (77.6%)
United States$123k (49.8%)
Turkey$89.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compounded Unvulcanised Rubber BY Philippines WERE (2022 - 2023):
China-$203k (-53.8%)
Italy-$136k (-23.3%)
France-$26.8k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Compounded Unvulcanised Rubber were:
Germany $1.25B
United States $782M
Italy $569M
In 2023, Philippines's main importing competitors in Compounded Unvulcanised Rubber were:
United States $709M
Poland $559M
Germany $541M

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Trade Value of Compounded Unvulcanised Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $59.8k
TOP IMPORT POTENTIALThailand+ $1.24M

Compounded Unvulcanised Rubber’s highest export potential is United States. With an export gap of $59.8k.   Compounded Unvulcanised Rubber’s highest import potential is Thailand with an import gap of $1.24M.

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