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2023
Exports $32.2kWorld Rnk 95 / 135
Flag Rnk 918 / 1123
2023
Destination $19.4k India
2022 - 2023
FASTEST GROWING MARKET $19.4kIndia
2023
PRODUCT COMPLEXITY IN Refractory Cements0.8Rnk 256 / 1025
2023
Imports $14.4MWorld Rnk 50 / 213
Flag Rnk 584 / 1202
2023
Origin $594k China
2022 - 2023
FASTEST GROWING ORIGIN $594kChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $32.2k in Refractory Cements, making it the 95th largest exporter of Refractory Cements in the world. At the same year, Refractory Cements was the 918th most exported product in Philippines. The main destination of Refractory Cements exports from Philippines are: India ($28.3k), Vietnam ($2.38k), United States ($1.05k), Malaysia ($276), and Indonesia ($112).

The fastest growing export markets for Refractory Cements of Philippines between 2022 and 2023 were India ($19.4k), Vietnam ($2.38k), and United States ($1.05k).

Imports In 2023, Philippines imported $14.4M in Refractory Cements, becoming the 50th largest importer of Refractory Cements in the world. At the same year, Refractory Cements was the 584th most imported product in Philippines. Philippines imports Refractory Cements primarily from: China ($6.67M), Chinese Taipei ($2.44M), Thailand ($1.32M), Japan ($754k), and Malaysia ($733k).

The fastest growing import markets in Refractory Cements for Philippines between 2022 and 2023 were China ($594k), India ($240k), and Japan ($202k).

Latest Trends

October 2023

About

Overview In October 2023 Philippines' Refractory Cements exports accounted up to $1.05k and imports accounted up to $852k, resulting in a negative trade balance of $851k. Between February 2019 and October 2023 the exports of Philippines'   Refractory Cements have decreased by $-29.4k (-96.6%) from $30.5k to $1.05k, while imports decreased by $-91k (-9.65%) from $943k to $852k.

Destinations In October 2023, Refractory Cements were exported mostly to , and were imported mostly from China ($558k), India ($95.4k), Spain ($73.3k), Thailand ($44k), and Turkey ($27.1k).

Growth In October 2023, the decrease in Refractory Cements's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Refractory Cements's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-387k or -80.1%), China ($-128k or -17.1%), and Japan ($-88.6k or -52.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2019 - October 2023)$-29.4k(-96.6%)
IMPORT GROWTH (July 2023 - July 2024)$-91k(-9.65%)
MAIN DESTINATION (October 2023)

This section shows Refractory Cements'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 Refractory Cements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$32.2k
IMPORTS (2023)$14.4M
NET TRADE (2023)-$14.4M

In 2023, Philippines exported $32.2k in Refractory Cements. The main destinations of Philippines exports on Refractory Cements were India ($28.3k), Vietnam ($2.38k), United States ($1.05k), Malaysia ($276), and Indonesia ($112).

In 2023, Philippines imported $14.4M in Refractory Cements, mainly from China ($6.67M), Chinese Taipei ($2.44M), Thailand ($1.32M), Japan ($754k), and Malaysia ($733k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refractory Cements EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$19.4k (216%)
Vietnam$2.38k (1%)
United States$1.05k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refractory Cements BY Philippines WERE (2022 - 2023):
Czechia-$117k (-100%)
Australia-$17k (-100%)
Papua New Guinea-$9.64k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Refractory Cements were:
China $548M
Germany $389M
United States $259M
In 2023, Philippines's main importing competitors in Refractory Cements were:
Indonesia $227M
Russia $154M
India $146M

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Trade Value of Refractory Cements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $25.3k
TOP IMPORT POTENTIALChina+ $1.49M

Refractory Cements’s highest export potential is India. With an export gap of $25.3k.   Refractory Cements’s highest import potential is China with an import gap of $1.49M.

See methodology.

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