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2022
Exports $64.1MWorld Rnk 45 / 156
Flag Rnk 149 / 1127
2022
Destination $34.6M Indonesia
2021 - 2022
FASTEST GROWING MARKET $34.6MIndonesia
2022
PRODUCT COMPLEXITY IN Propylene Polymers0.22Rnk 482 / 1025
2022
Imports $351MWorld Rnk 33 / 207
Flag Rnk 101 / 1201
2022
Origin $23.5M China
2021 - 2022
FASTEST GROWING ORIGIN $23.5MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $64.1M 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 ($47.9M), China ($7.55M), Burma ($4.31M), Malaysia ($2.24M), and Vietnam ($661k).

The fastest growing export markets for Propylene Polymers of Philippines between 2021 and 2022 were Indonesia ($34.6M), Malaysia ($1.2M), and Thailand ($110k).

Imports In 2022, Philippines imported $351M in Propylene Polymers, becoming the 33rd largest importer of Propylene Polymers in the world. At the same year, Propylene Polymers was the 101st most imported product in Philippines. Philippines imports Propylene Polymers primarily from: China ($87.4M), Thailand ($61.5M), Singapore ($39.5M), Malaysia ($38.6M), and South Korea ($33.8M).

The fastest growing import markets in Propylene Polymers for Philippines between 2021 and 2022 were China ($23.5M), United Arab Emirates ($4.83M), and Hong Kong ($955k).

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

September 2024

About

Overview In September 2024 Philippines' Propylene Polymers exports accounted up to $810k and imports accounted up to $22.1M, resulting in a negative trade balance of $21.2M. Between September 2023 and September 2024 the exports of Philippines'   Propylene Polymers have decreased by $-7.02M (-89.7%) from $7.83M to $810k, while imports increased by $4.92M (28.7%) from $17.1M to $22.1M.

Destinations In September 2024, Propylene Polymers were exported mostly to Indonesia ($540k), Malaysia ($191k), China ($47.3k), Nepal ($17.1k), and Japan ($8.12k), and were imported mostly from Thailand ($5.79M), China ($3.24M), Malaysia ($2.62M), Singapore ($2.59M), and Vietnam ($2.25M).

Growth In September 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 September 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 (September 2023 - September 2024)$-7.02M(-89.7%)
IMPORT GROWTH (September 2023 - September 2024)$4.92M(28.7%)
MAIN DESTINATION (September 2024)Indonesia$540k

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 (2022)$64.1M
IMPORTS (2022)$351M
NET TRADE (2022)-$287M

In 2022, Philippines exported $64.1M in Propylene Polymers. The main destinations of Philippines exports on Propylene Polymers were Indonesia ($47.9M), China ($7.55M), Burma ($4.31M), Malaysia ($2.24M), and Vietnam ($661k).

In 2022, Philippines imported $351M in Propylene Polymers, mainly from China ($87.4M), Thailand ($61.5M), Singapore ($39.5M), Malaysia ($38.6M), and South Korea ($33.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Propylene Polymers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$34.6M (260%)
Malaysia$1.2M (116%)
Thailand$110k (21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Propylene Polymers BY Philippines WERE (2021 - 2022):
Vietnam-$1.38M (-67.6%)
Burma-$1.25M (-22.4%)
Israel-$625k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Propylene Polymers were:
Saudi Arabia $6.4B
South Korea $5.24B
United States $4.36B
In 2022, Philippines's main importing competitors in Propylene Polymers were:
China $5.98B
Turkey $3.31B
Germany $3.08B

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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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