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2022
Exports $125MWorld Rnk 55 / 220
Flag Rnk 94 / 1127
2022
Destination $5.73M Japan
2021 - 2022
FASTEST GROWING MARKET $5.73MJapan
2022
PRODUCT COMPLEXITY IN Plastic Lids-0.17Rnk 606 / 1025
2022
Imports $600MWorld Rnk 25 / 225
Flag Rnk 58 / 1201
2022
Origin $73.2M China
2021 - 2022
FASTEST GROWING ORIGIN $73.2MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

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 2024

About

Overview In August 2024 Philippines' Plastic Lids exports accounted up to $12.5M and imports accounted up to $43.9M, resulting in a negative trade balance of $31.4M. Between August 2023 and August 2024 the exports of Philippines'   Plastic Lids have increased by $6.77M (119%) from $5.7M to $12.5M, while imports increased by $9.09M (26.1%) from $34.8M to $43.9M.

Destinations In August 2024, Plastic Lids were exported mostly to Japan ($8.4M), Singapore ($1.07M), United States ($854k), China ($640k), and Thailand ($486k), and were imported mostly from China ($18.8M), Japan ($6.04M), South Korea ($4.79M), Thailand ($3.17M), and Malaysia ($2.39M).

Growth In August 2024, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to Vietnam ($166k or 1.65k%), Papua New Guinea ($107k or 5.95k%), and Mexico ($97.4k or 4.01k%). In August 2024, the increase in Plastic Lids's year-by-year imports was explained primarily by an increase in imports from Indonesia ($154k or 82.8%), Thailand ($107k or 3.82%), and Mexico ($103k or 10.8k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$6.77M(119%)
IMPORT GROWTH (August 2023 - August 2024)$9.09M(26.1%)
MAIN DESTINATION (August 2024)Japan$8.4M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$5.73M (17.6%)
South Korea$2.31M (51.8%)
Vietnam$2.02M (249%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY Philippines WERE (2021 - 2022):
Thailand-$37.8M (-76.1%)
Hong Kong-$2.5M (-34.4%)
Austria-$1.32M (-91.8%)
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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 Lids were:
China $13.9B
United States $6.79B
Germany $5.78B
In 2022, Philippines's main importing competitors in Plastic Lids were:
United States $11.2B
Germany $5.01B
France $3.52B

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Trade Value of Plastic Lids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.5M
TOP IMPORT POTENTIALChina+ $21M

Plastic Lids’s highest export potential is United States. With an export gap of $20.5M.   Plastic Lids’s highest import potential is China with an import gap of $21M.

See methodology.

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