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2022
Exports $15.6kWorld Rnk 90 / 134
Flag Rnk 969 / 1127
2022
Destination $3.23k Cambodia
2021 - 2022
FASTEST GROWING MARKET $3.23kVietnam
2022
PRODUCT COMPLEXITY IN Rubber Textiles0.14Rnk 506 / 1025
2022
Imports $14.5MWorld Rnk 17 / 208
Flag Rnk 650 / 1201
2022
Origin $811k China
2021 - 2022
FASTEST GROWING ORIGIN $811kChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $15.6k in Rubber Textiles, making it the 90th largest exporter of Rubber Textiles in the world. At the same year, Rubber Textiles was the 969th most exported product in Philippines. The main destination of Rubber Textiles exports from Philippines are: Cambodia ($4.42k), United States ($4.38k), Vietnam ($3.23k), Netherlands ($3.2k), and Fiji ($145).

The fastest growing export markets for Rubber Textiles of Philippines between 2021 and 2022 were Vietnam ($3.23k), Netherlands ($2.97k), and Cambodia ($1.51k).

Imports In 2022, Philippines imported $14.5M in Rubber Textiles, becoming the 17th largest importer of Rubber Textiles in the world. At the same year, Rubber Textiles was the 650th most imported product in Philippines. Philippines imports Rubber Textiles primarily from: China ($12M), Chinese Taipei ($1.1M), Japan ($442k), United States ($278k), and Malaysia ($144k).

The fastest growing import markets in Rubber Textiles for Philippines between 2021 and 2022 were Chinese Taipei ($811k), Japan ($362k), and United States ($163k).

COMPANIES In 2023, leading companies such as JP Boden Services (1) were at the forefront of shipping Rubber Textiles from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Rubber Textiles exports accounted up to $754 and imports accounted up to $515k, resulting in a negative trade balance of $515k. Between March 2020 and June 2024 the exports of Philippines'   Rubber Textiles have decreased by $-15.4k (-95.3%) from $16.1k to $754, while imports increased by $22.9k (4.64%) from $493k to $515k.

Destinations In June 2024, Rubber Textiles were exported mostly to , and were imported mostly from China ($243k), Hong Kong ($107k), Chinese Taipei ($93.8k), Vietnam ($24.5k), and India ($19.5k).

Growth In June 2024, the decrease in Rubber Textiles's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Rubber Textiles's year-by-year imports was explained primarily by an increase in imports from China ($216k or 336%), Japan ($36.2k or 1.08k%), and Hong Kong ($17.9k or 3.12k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2020 - June 2024)$-15.4k(-95.3%)
IMPORT GROWTH (September 2023 - September 2024)$22.9k(4.64%)
MAIN DESTINATION (June 2024)

This section shows Rubber Textiles'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 Rubber Textiles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.6k
IMPORTS (2022)$14.5M
NET TRADE (2022)-$14.5M

In 2022, Philippines exported $15.6k in Rubber Textiles. The main destinations of Philippines exports on Rubber Textiles were Cambodia ($4.42k), United States ($4.38k), Vietnam ($3.23k), Netherlands ($3.2k), and Fiji ($145).

In 2022, Philippines imported $14.5M in Rubber Textiles, mainly from China ($12M), Chinese Taipei ($1.1M), Japan ($442k), United States ($278k), and Malaysia ($144k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Textiles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$3.23k (1%)
Netherlands$2.97k (1.3k%)
Cambodia$1.51k (51.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Textiles BY Philippines WERE (2021 - 2022):
Indonesia-$9.23k (-100%)
South Korea-$4.52k (-100%)
United States-$4.08k (-48.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Rubber Textiles were:
China $343M
Italy $86.9M
France $63.1M
In 2022, Philippines's main importing competitors in Rubber Textiles were:
Vietnam $63.4M
United States $48.2M
Romania $42.1M

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Trade Value of Rubber Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.03k
TOP IMPORT POTENTIALJapan+ $149k

Rubber Textiles’s highest export potential is United States. With an export gap of $7.03k.   Rubber Textiles’s highest import potential is Japan with an import gap of $149k.

See methodology.

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