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2023
Exports $60.3MWorld Rnk 45 / 158
Flag Rnk 149 / 1123
2023
Destination $2.24M Indonesia
2022 - 2023
FASTEST GROWING MARKET $2.24MNigeria
2023
PRODUCT COMPLEXITY IN Propylene Polymers0.19Rnk 496 / 1025
2023
Imports $224MWorld Rnk 39 / 205
Flag Rnk 116 / 1202
2023
Origin $2.31M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $2.31MChinese Taipei
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $60.3M in Propylene Polymers, making it the 45th largest exporter of Propylene Polymers in the world. At the same year, Propylene Polymers was the 149th most exported product in Philippines. The main destination of Propylene Polymers exports from Philippines are: Indonesia ($42.9M), China ($2.91M), Burma ($2.88M), Nigeria ($2.24M), and Belgium ($2.03M).

The fastest growing export markets for Propylene Polymers of Philippines between 2022 and 2023 were Nigeria ($2.24M), Belgium ($1.79M), and Vietnam ($1.07M).

Imports In 2023, Philippines imported $224M in Propylene Polymers, becoming the 39th largest importer of Propylene Polymers in the world. At the same year, Propylene Polymers was the 116th most imported product in Philippines. Philippines imports Propylene Polymers primarily from: Thailand ($43.6M), Malaysia ($31.7M), Singapore ($29.1M), South Korea ($27.2M), and China ($22.5M).

The fastest growing import markets in Propylene Polymers for Philippines between 2022 and 2023 were Chinese Taipei ($2.31M), France ($141k), and Finland ($104k).

COMPANIES In 2023, leading companies such as Michael Kors (1) were at the forefront of shipping Propylene Polymers from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Propylene Polymers exports accounted up to $427k and imports accounted up to $27.8M, resulting in a negative trade balance of $27.4M. Between July 2023 and July 2024 the exports of Philippines'   Propylene Polymers have decreased by $-3.14M (-88%) from $3.57M to $427k, while imports increased by $9.62M (52.8%) from $18.2M to $27.8M.

Destinations In July 2024, Propylene Polymers were exported mostly to Malaysia ($171k), Vietnam ($139k), Indonesia ($92.8k), China ($24k), and Chinese Taipei ($614), and were imported mostly from Thailand ($4.85M), China ($4.66M), South Korea ($3.68M), Vietnam ($3.43M), and Malaysia ($3M).

Growth In July 2024, the decrease in Propylene Polymers's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-115k or -74.3%) and China ($-60.4k or -44.8%). In July 2024, the increase in Propylene Polymers's year-by-year imports was explained primarily by an increase in imports from Malaysia ($1.54M or 75.5%), Vietnam ($1.4M or 276%), and United Arab Emirates ($1.09M or 1.62k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-3.14M(-88%)
IMPORT GROWTH (July 2023 - July 2024)$9.62M(52.8%)
MAIN DESTINATION (July 2024)Malaysia$171k

This section shows Propylene Polymers'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 Propylene Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$60.3M
IMPORTS (2023)$224M
NET TRADE (2023)-$164M

In 2023, Philippines exported $60.3M in Propylene Polymers. The main destinations of Philippines exports on Propylene Polymers were Indonesia ($42.9M), China ($2.91M), Burma ($2.88M), Nigeria ($2.24M), and Belgium ($2.03M).

In 2023, Philippines imported $224M in Propylene Polymers, mainly from Thailand ($43.6M), Malaysia ($31.7M), Singapore ($29.1M), South Korea ($27.2M), and China ($22.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Propylene Polymers EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Nigeria$2.24M (1%)
Belgium$1.79M (733%)
Vietnam$1.07M (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Propylene Polymers BY Philippines WERE (2022 - 2023):
China-$4.84M (-62.4%)
Indonesia-$3.28M (-7.1%)
Chinese Taipei-$415k (-76%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Propylene Polymers were:
Saudi Arabia $5.46B
United States $3.99B
South Korea $3.8B
In 2023, Philippines's main importing competitors in Propylene Polymers were:
China $4.99B
Turkey $2.88B
Germany $2.8B

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Trade Value of Propylene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.4M
TOP IMPORT POTENTIALSouth Korea+ $17.2M

Propylene Polymers’s highest export potential is China. With an export gap of $10.4M.   Propylene Polymers’s highest import potential is South Korea with an import gap of $17.2M.

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