2022
Exports
$1.98kWorld Rnk 81 / 111
Flag Rnk 1052 / 1127
2022
PRODUCT COMPLEXITY IN Rubber Thread
0.38Rnk 414 / 1025
2022
Imports
$6.86MWorld Rnk 18 / 194
Flag Rnk 786 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.98k in Rubber Thread, making it the 81st largest exporter of Rubber Thread in the world. At the same year, Rubber Thread was the 1052nd most exported product in Philippines. The main destination of Rubber Thread exports from Philippines are: South Korea ($1.72k), Japan ($238), and Canada ($25).

The fastest growing export markets for Rubber Thread of Philippines between 2021 and 2022 were South Korea ($1.72k) and Canada ($25).

Imports In 2022, Philippines imported $6.86M in Rubber Thread, becoming the 18th largest importer of Rubber Thread in the world. At the same year, Rubber Thread was the 786th most imported product in Philippines. Philippines imports Rubber Thread primarily from: China ($4.11M), Thailand ($1.89M), Malaysia ($740k), Japan ($68.7k), and Hong Kong ($15k).

The fastest growing import markets in Rubber Thread for Philippines between 2021 and 2022 were China ($1.43M), Thailand ($463k), and Malaysia ($207k).

COMPANIES In 2023, leading companies such as Electrolux (3) were at the forefront of shipping Rubber Thread from Philippines to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rubber Thread. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.98k
IMPORTS (2022)$6.86M
NET TRADE (2022)-$6.86M

In 2022, Philippines exported $1.98k in Rubber Thread. The main destinations of Philippines exports on Rubber Thread were South Korea ($1.72k), Japan ($238), and Canada ($25).

In 2022, Philippines imported $6.86M in Rubber Thread, mainly from China ($4.11M), Thailand ($1.89M), Malaysia ($740k), Japan ($68.7k), and Hong Kong ($15k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Thread EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$1.72k (1%)
Canada$25 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Thread BY Philippines WERE (2021 - 2022):Japan-$15.8k (-98.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Rubber Thread were:
In 2022, Philippines's main importing competitors in Rubber Thread were:

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Trade Value of Rubber Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $1.28k
TOP IMPORT POTENTIALThailand+ $512k

Rubber Thread’s highest export potential is South Korea. With an export gap of $1.28k.   Rubber Thread’s highest import potential is Thailand with an import gap of $512k.

See methodology.

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