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2022
Exports $87.1MWorld Rnk 32 / 216
Flag Rnk 129 / 1127
2022
Destination $40.5M United States
2021 - 2022
FASTEST GROWING MARKET $40.5MUnited States
2022
PRODUCT COMPLEXITY IN Plastic Housewares-0.46Rnk 686 / 1025
2022
Imports $547MWorld Rnk 10 / 223
Flag Rnk 66 / 1201
2022
Origin $108M China
2021 - 2022
FASTEST GROWING ORIGIN $108MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $87.1M in Plastic Housewares, making it the 32nd largest exporter of Plastic Housewares in the world. At the same year, Plastic Housewares was the 129th most exported product in Philippines. The main destination of Plastic Housewares exports from Philippines are: United States ($51.9M), Japan ($16.6M), Canada ($9.16M), Netherlands ($2.13M), and Australia ($1.75M).

The fastest growing export markets for Plastic Housewares of Philippines between 2021 and 2022 were United States ($40.5M), Canada ($2.62M), and Netherlands ($1.28M).

Imports In 2022, Philippines imported $547M in Plastic Housewares, becoming the 10th largest importer of Plastic Housewares in the world. At the same year, Plastic Housewares was the 66th most imported product in Philippines. Philippines imports Plastic Housewares primarily from: China ($495M), Thailand ($16.3M), United States ($6.22M), Chinese Taipei ($4.53M), and South Korea ($4.39M).

The fastest growing import markets in Plastic Housewares for Philippines between 2021 and 2022 were China ($108M), United States ($3.05M), and Malaysia ($2.44M).

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

August 2024

About

Overview In August 2024 Philippines' Plastic Housewares exports accounted up to $5.45M and imports accounted up to $11.5M, resulting in a negative trade balance of $6M. Between August 2023 and August 2024 the exports of Philippines'   Plastic Housewares have decreased by $-216k (-3.82%) from $5.67M to $5.45M, while imports decreased by $-1.7M (-12.9%) from $13.2M to $11.5M.

Destinations In August 2024, Plastic Housewares were exported mostly to United States ($2.7M), Germany ($822k), Canada ($791k), Australia ($550k), and Japan ($389k), and were imported mostly from China ($9.19M), Thailand ($418k), Malaysia ($324k), Indonesia ($279k), and Mexico ($232k).

Growth In August 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 ($-113k or -76.1%). In August 2024, the decrease in Plastic Housewares's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-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 (August 2023 - August 2024)$-216k(-3.82%)
IMPORT GROWTH (August 2023 - August 2024)$-1.7M(-12.9%)
MAIN DESTINATION (August 2024)United States$2.7M

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 (2022)$87.1M
IMPORTS (2022)$547M
NET TRADE (2022)-$460M

In 2022, Philippines exported $87.1M in Plastic Housewares. The main destinations of Philippines exports on Plastic Housewares were United States ($51.9M), Japan ($16.6M), Canada ($9.16M), Netherlands ($2.13M), and Australia ($1.75M).

In 2022, Philippines imported $547M in Plastic Housewares, mainly from China ($495M), Thailand ($16.3M), United States ($6.22M), Chinese Taipei ($4.53M), and South Korea ($4.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Housewares EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$40.5M (357%)
Canada$2.62M (40.1%)
Netherlands$1.28M (151%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Housewares BY Philippines WERE (2021 - 2022):
Japan-$65.6M (-79.8%)
Australia-$2.38M (-57.6%)
Ireland-$969k (-56.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Plastic Housewares were:
China $16.8B
United States $981M
Germany $844M
In 2022, Philippines's main importing competitors in Plastic Housewares were:
United States $8.48B
Germany $1.26B
Canada $1B

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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.

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