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2022
Exports $44.8MWorld Rnk 61 / 166
Flag Rnk 175 / 1127
2022
Destination $5.18M China
2021 - 2022
FASTEST GROWING MARKET $5.18MJapan
2022
PRODUCT COMPLEXITY IN Ethylene Polymers-0.17Rnk 603 / 1025
2022
Imports $552MWorld Rnk 38 / 208
Flag Rnk 64 / 1201
2022
Origin $65.8M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $65.8MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $44.8M in Ethylene Polymers, making it the 61st largest exporter of Ethylene Polymers in the world. At the same year, Ethylene Polymers was the 175th most exported product in Philippines. The main destination of Ethylene Polymers exports from Philippines are: China ($18.9M), Australia ($7.32M), Japan ($5.83M), Germany ($3.48M), and Malaysia ($3.33M).

The fastest growing export markets for Ethylene Polymers of Philippines between 2021 and 2022 were Japan ($5.18M), Malaysia ($952k), and Australia ($627k).

Imports In 2022, Philippines imported $552M in Ethylene Polymers, becoming the 38th largest importer of Ethylene Polymers in the world. At the same year, Ethylene Polymers was the 64th most imported product in Philippines. Philippines imports Ethylene Polymers primarily from: Malaysia ($117M), Thailand ($103M), China ($90.3M), Singapore ($88M), and Saudi Arabia ($46.4M).

The fastest growing import markets in Ethylene Polymers for Philippines between 2021 and 2022 were China ($65.8M), Singapore ($25.3M), and Thailand ($15.6M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Ethylene Polymers exports accounted up to $14.3M and imports accounted up to $38.9M, resulting in a negative trade balance of $24.7M. Between September 2023 and September 2024 the exports of Philippines'   Ethylene Polymers have increased by $8.47M (146%) from $5.79M to $14.3M, while imports increased by $11.5M (41.9%) from $27.4M to $38.9M.

Destinations In September 2024, Ethylene Polymers were exported mostly to China ($6.17M), Indonesia ($4.49M), Australia ($1.07M), Vietnam ($1.01M), and Bangladesh ($470k), and were imported mostly from Malaysia ($10.2M), Thailand ($8.13M), Singapore ($4.6M), Qatar ($4.51M), and Saudi Arabia ($3.69M).

Growth In September 2024, the increase in Ethylene Polymers's year-by-year exports was explained primarily by an increase in exports to Belgium ($588k or 458%). In September 2024, the increase in Ethylene Polymers's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia ($2.22M or 122%), United States ($1.46M or 114%), and Singapore ($412k or 14.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$8.47M(146%)
IMPORT GROWTH (September 2023 - September 2024)$11.5M(41.9%)
MAIN DESTINATION (September 2024)China$6.17M

This section shows Ethylene Polymers'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 Ethylene Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$44.8M
IMPORTS (2022)$552M
NET TRADE (2022)-$507M

In 2022, Philippines exported $44.8M in Ethylene Polymers. The main destinations of Philippines exports on Ethylene Polymers were China ($18.9M), Australia ($7.32M), Japan ($5.83M), Germany ($3.48M), and Malaysia ($3.33M).

In 2022, Philippines imported $552M in Ethylene Polymers, mainly from Malaysia ($117M), Thailand ($103M), China ($90.3M), Singapore ($88M), and Saudi Arabia ($46.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ethylene Polymers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$5.18M (791%)
Malaysia$952k (40%)
Australia$627k (9.36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ethylene Polymers BY Philippines WERE (2021 - 2022):
China-$51.1M (-73%)
Belgium-$23.7M (-90.6%)
Vietnam-$11.5M (-97.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Ethylene Polymers were:
United States $17.4B
Saudi Arabia $13.1B
South Korea $7.39B
In 2022, Philippines's main importing competitors in Ethylene Polymers were:
China $22.7B
United States $5.12B
Germany $4.49B

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Trade Value of Ethylene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19.3M
TOP IMPORT POTENTIALSouth Korea+ $18M

Ethylene Polymers’s highest export potential is China. With an export gap of $19.3M.   Ethylene Polymers’s highest import potential is South Korea with an import gap of $18M.

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