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2023
Exports $20.5MWorld Rnk 55 / 219
Flag Rnk 240 / 1123
2023
Destination $749k Canada
2022 - 2023
FASTEST GROWING MARKET $749kAustralia
2023
PRODUCT COMPLEXITY IN Plastic Housewares-0.39Rnk 664 / 1025
2023
Imports $191MWorld Rnk 23 / 226
Flag Rnk 135 / 1202
2023
Origin $12M China
2022 - 2023
FASTEST GROWING ORIGIN $12MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $20.5M in Plastic Housewares, making it the 55th largest exporter of Plastic Housewares in the world. At the same year, Plastic Housewares was the 240th most exported product in Philippines. The main destination of Plastic Housewares exports from Philippines are: Canada ($6.26M), Japan ($4.49M), United States ($3.26M), United Kingdom ($1.79M), and Australia ($852k).

The fastest growing export markets for Plastic Housewares of Philippines between 2022 and 2023 were Australia ($749k), United Kingdom ($343k), and Brazil ($306k).

Imports In 2023, Philippines imported $191M in Plastic Housewares, becoming the 23rd largest importer of Plastic Housewares in the world. At the same year, Plastic Housewares was the 135th most imported product in Philippines. Philippines imports Plastic Housewares primarily from: China ($161M), Thailand ($6.54M), United States ($4.89M), Chinese Taipei ($2.87M), and Malaysia ($2.28M).

The fastest growing import markets in Plastic Housewares for Philippines between 2022 and 2023 were China ($12M), United States ($548k), and Vietnam ($497k).

COMPANIES In 2023, leading companies such as Cinmar (2) were at the forefront of shipping Plastic Housewares from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Plastic Housewares exports accounted up to $5.04M and imports accounted up to $10.5M, resulting in a negative trade balance of $5.44M. Between July 2023 and July 2024 the exports of Philippines'   Plastic Housewares have decreased by $-4.38M (-46.5%) from $9.42M to $5.04M, while imports decreased by $-3.79M (-26.5%) from $14.3M to $10.5M.

Destinations In July 2024, Plastic Housewares were exported mostly to United States ($2.59M), Canada ($891k), China ($539k), Japan ($332k), and Germany ($254k), and were imported mostly from China ($8.21M), Thailand ($717k), Chinese Taipei ($228k), Japan ($226k), and Indonesia ($186k).

Growth In July 2024, the decrease in Plastic Housewares's year-by-year exports was explained primarily by a decrease in exports to United States ($-871k or -18.7%), Japan ($-165k or -4.54%), and Malaysia ($-113k or -76.1%). In July 2024, the decrease in Plastic Housewares's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-2.15M or -67.1%), China ($-594k or -10.3%), and Mexico ($-142k or -59.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-4.38M(-46.5%)
IMPORT GROWTH (July 2023 - July 2024)$-3.79M(-26.5%)
MAIN DESTINATION (July 2024)United States$2.59M

This section shows Plastic Housewares'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 Plastic Housewares over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.5M
IMPORTS (2023)$191M
NET TRADE (2023)-$170M

In 2023, Philippines exported $20.5M in Plastic Housewares. The main destinations of Philippines exports on Plastic Housewares were Canada ($6.26M), Japan ($4.49M), United States ($3.26M), United Kingdom ($1.79M), and Australia ($852k).

In 2023, Philippines imported $191M in Plastic Housewares, mainly from China ($161M), Thailand ($6.54M), United States ($4.89M), Chinese Taipei ($2.87M), and Malaysia ($2.28M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastic Housewares EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Australia$749k (725%)
United Kingdom$343k (23.8%)
Brazil$306k (803%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Housewares BY Philippines WERE (2022 - 2023):
Canada-$3.41M (-35.2%)
Ireland-$912k (-97%)
Netherlands-$848k (-51.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Plastic Housewares were:
China $13.8B
Germany $794M
United States $715M
In 2023, Philippines's main importing competitors in Plastic Housewares were:
United States $7.9B
Germany $1.16B
France $814M

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Trade Value of Plastic Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.05M
TOP IMPORT POTENTIALUnited States+ $5.18M

Plastic Housewares’s highest export potential is United States. With an export gap of $4.05M.   Plastic Housewares’s highest import potential is United States with an import gap of $5.18M.

See methodology.

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