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2018
Exports $221MWorld Rnk 45 / 225
Flag Rnk 61 / 1123
2018
Destination $11.8M Japan
2022 - 2023
FASTEST GROWING MARKET $11.8MThailand
2023
PRODUCT COMPLEXITY IN Other Plastic Products0.82Rnk 245 / 1025
2018
Imports $701MWorld Rnk 39 / 226
Flag Rnk 31 / 1202
2018
Origin $17.6M China
2022 - 2023
FASTEST GROWING ORIGIN $17.6MThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2018, Philippines exported $221M in Other Plastic Products, making it the 45th largest exporter of Other Plastic Products in the world. At the same year, Other Plastic Products was the 61st most exported product in Philippines. The main destination of Other Plastic Products exports from Philippines are: Japan ($55.2M), Thailand ($29.9M), United States ($28M), China ($17.4M), and Vietnam ($13.3M).

The fastest growing export markets for Other Plastic Products of Philippines between 2022 and 2023 were Thailand ($11.8M), India ($6.86M), and Indonesia ($5.99M).

Imports In 2023, Philippines imported $701M in Other Plastic Products, becoming the 39th largest importer of Other Plastic Products in the world. At the same year, Other Plastic Products was the 31st most imported product in Philippines. Philippines imports Other Plastic Products primarily from: China ($286M), Japan ($134M), United States ($36.2M), Singapore ($32.8M), and Thailand ($31.1M).

The fastest growing import markets in Other Plastic Products for Philippines between 2022 and 2023 were Thailand ($17.6M), Germany ($8.76M), and Singapore ($6.45M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Plastic Products exports accounted up to $18.1M and imports accounted up to $48.5M, resulting in a negative trade balance of $30.4M. Between July 2023 and July 2024 the exports of Philippines'   Other Plastic Products have increased by $2.58M (16.7%) from $15.5M to $18.1M, while imports increased by $1M (2.12%) from $47.5M to $48.5M.

Destinations In July 2024, Other Plastic Products were exported mostly to China ($4.45M), Japan ($4.03M), Germany ($2.5M), United States ($1.68M), and Mexico ($1.27M), and were imported mostly from China ($21.6M), Japan ($11.1M), South Korea ($2.45M), Thailand ($2.33M), and Singapore ($1.59M).

Growth In July 2024, the increase in Other Plastic Products's year-by-year exports was explained primarily by an increase in exports to Malaysia ($1.62M or 50.3%), Japan ($1.59M or 50.7%), and Germany ($295k or 420%). In July 2024, the increase in Other Plastic Products's year-by-year imports was explained primarily by an increase in imports from United States ($1.53M or 104%), Thailand ($853k or 144%), and Japan ($656k or 6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.58M(16.7%)
IMPORT GROWTH (July 2023 - July 2024)$1M(2.12%)
MAIN DESTINATION (July 2024)China$4.45M

This section shows Other Plastic 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 Other Plastic Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$221M
IMPORTS (2023)$701M
NET TRADE (2023)-$480M

In 2023, Philippines exported $221M in Other Plastic Products. The main destinations of Philippines exports on Other Plastic Products were Japan ($55.2M), Thailand ($29.9M), United States ($28M), China ($17.4M), and Vietnam ($13.3M).

In 2023, Philippines imported $701M in Other Plastic Products, mainly from China ($286M), Japan ($134M), United States ($36.2M), Singapore ($32.8M), and Thailand ($31.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Plastic Products EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Thailand$11.8M (65.5%)
India$6.86M (577%)
Indonesia$5.99M (208%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Plastic Products BY Philippines WERE (2022 - 2023):
Germany-$9.09M (-76.7%)
Japan-$4.06M (-6.86%)
Cote d'Ivoire-$3.94M (-99.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Other Plastic Products were:
China $32.3B
United States $21B
Germany $19.1B
In 2023, Philippines's main importing competitors in Other Plastic Products were:
United States $21.2B
Germany $12.9B
China $7.93B

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Trade Value of Other Plastic Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.2M
TOP IMPORT POTENTIALChina+ $91.1M

Other Plastic Products’s highest export potential is United States. With an export gap of $26.2M.   Other Plastic Products’s highest import potential is China with an import gap of $91.1M.

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