Plastic Lids in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $125M in Plastic Lids, making it the 55th largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 94th most exported product in Philippines. The main destination of Plastic Lids exports from Philippines are: Japan ($38.4M), United States ($20.8M), Thailand ($11.9M), South Korea ($6.77M), and Australia ($5.17M).

The fastest growing export markets for Plastic Lids of Philippines between 2021 and 2022 were Japan ($5.73M), South Korea ($2.31M), and Vietnam ($2.02M).

Imports In 2022, Philippines imported $600M in Plastic Lids, becoming the 25th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 58th most imported product in Philippines. Philippines imports Plastic Lids primarily from: China ($371M), Thailand ($46.2M), Malaysia ($30.4M), Japan ($24.9M), and South Korea ($23.9M).

The fastest growing import markets in Plastic Lids for Philippines between 2021 and 2022 were China ($73.2M), United States ($2.12M), and Dominican Republic ($1.87M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Plastic Lids exports accounted up to $8.45M and imports accounted up to $28.7M, resulting in a negative trade balance of $20.2M. Between August 2020 and August 2021 the exports of Philippines' Plastic Lids have increased by $1.96M (30.2%) from $6.49M to $8.45M, while imports increased by $4.45M (18.4%) from $24.2M to $28.7M.

Destinations In August 2021, Plastic Lids were exported mostly to Japan ($3.33M), Thailand ($1.11M), United States ($1.02M), Somalia ($454k), and Cote d'Ivoire ($452k), and were imported mostly from China ($7.79M), Japan ($6.59M), Thailand ($3.14M), Malaysia ($1.95M), and Hong Kong ($1.69M).

Growth In August 2021, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to Japan ($531k or 17.4%), South Korea ($199k or 4.77k%), and China ($98.3k or 455%). In August 2021, the increase in Plastic Lids's year-by-year imports was explained primarily by an increase in imports from Thailand ($547k or 23.8%), Japan ($425k or 8.77%), and Singapore ($405k or 65.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$1.96M(30.2%)

IMPORT GROWTH (August 2020 - August 2021)$4.45M(18.4%)

MAIN DESTINATION (August 2021)Japan$3.33M

This section shows Plastic Lids'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 Lids over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$125M

IMPORTS (2022)$600M

NET TRADE (2022)-$475M

In 2022, Philippines exported $125M in Plastic Lids. The main destinations of Philippines exports on Plastic Lids were Japan ($38.4M), United States ($20.8M), Thailand ($11.9M), South Korea ($6.77M), and Australia ($5.17M).

In 2022, Philippines imported $600M in Plastic Lids, mainly from China ($371M), Thailand ($46.2M), Malaysia ($30.4M), Japan ($24.9M), and South Korea ($23.9M).

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