Glues, starches, & albuminoid products in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $6.42M in Glues, starches, & albuminoid products, making it the 71st largest exporter of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 85th most exported product in Philippines. The main destination of Glues, starches, & albuminoid products exports from Philippines are: India ($2.04M), Japan ($1.17M), Vietnam ($803k), Malaysia ($508k), and China ($340k).

The fastest growing export markets for Glues, starches, & albuminoid products of Philippines between 2021 and 2022 were India ($1.53M), China ($221k), and Spain ($173k).

Imports In 2022, Philippines imported $400M in Glues, starches, & albuminoid products, becoming the 28th largest importer of Glues, starches, & albuminoid products in the world. At the same year, Glues, starches, & albuminoid products was the 57th most imported product in Philippines. Philippines imports Glues, starches, & albuminoid products primarily from: China ($134M), Singapore ($24.2M), Denmark ($23.6M), Netherlands ($23.2M), and Japan ($22M).

The fastest growing import markets in Glues, starches, & albuminoid products for Philippines between 2021 and 2022 were China ($36.1M), Netherlands ($11.4M), and India ($11.3M).

Latest Trends

June 2024

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Overview In June 2024 Philippines' Glues, starches, & albuminoid products exports accounted up to $219k and imports accounted up to $24.1M, resulting in a negative trade balance of $23.9M. Between June 2023 and June 2024 the exports of Philippines' Glues, starches, & albuminoid products have decreased by $-932k (-81%) from $1.15M to $219k, while imports decreased by $-16.4M (-40.4%) from $40.4M to $24.1M.

Destinations In June 2024, Glues, starches, & albuminoid products were exported mostly to Indonesia ($113k), Vietnam ($37.4k), Burma ($29.9k), Chinese Taipei ($25.1k), and Papua New Guinea ($5.13k), and were imported mostly from Denmark ($4.54M), Thailand ($2.7M), Japan ($2.33M), South Korea ($1.67M), and United States ($1.65M).

Growth In June 2024, the decrease in Glues, starches, & albuminoid products's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-137k or -99.6%) and Vietnam ($-57.5k or -75.5%). In June 2024, the decrease in Glues, starches, & albuminoid products's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-9.84M or -67.2%), United States ($-691k or -32.6%), and New Zealand ($-512k or -64.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-932k(-81%)

IMPORT GROWTH (June 2023 - June 2024)$-16.4M(-40.4%)

MAIN DESTINATION (June 2024)Indonesia$113k

This section shows Glues, starches, & albuminoid products'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 Glues, starches, & albuminoid products over time.

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