Plastics & articles thereof in   Philippines

Overview In June 2024 Philippines' Plastics & articles thereof exports accounted up to $85.8M and imports accounted up to $187M, resulting in a negative trade balance of $102M. Between June 2023 and June 2024 the exports of Philippines'   Plastics & articles thereof have increased by $2.39M (2.87%) from $83.4M to $85.8M, while imports decreased by $-157M (-45.6%) from $345M to $187M.

Destinations In June 2024, Plastics & articles thereof were exported mostly to Japan ($43.7M), China ($13.7M), United States ($5.58M), Chinese Taipei ($4.24M), and Indonesia ($3.26M), and were imported mostly from Japan ($41.4M), Thailand ($38.2M), Singapore ($22M), South Korea ($21.6M), and Chinese Taipei ($11.6M).

Growth In June 2024, the increase in Plastics & articles thereof's year-by-year exports was explained primarily by an increase in exports to Japan ($2.35M or 5.69%), Indonesia ($1.59M or 56.2%), and Malaysia ($1.29M or 25.4%). In June 2024, the decrease in Plastics & articles thereof's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-9.69M or -21%), South Korea ($-6.38M or -20%), and Netherlands ($-3.17M or -83%).