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2022
Exports $201MWorld Rnk 12 / 131
Flag Rnk 60 / 1127
2022
Destination $14M Malaysia
2021 - 2022
FASTEST GROWING MARKET $14MChina
2022
PRODUCT COMPLEXITY IN Rubber-2.24Rnk 1010 / 1025
2022
Imports $24MWorld Rnk 47 / 192
Flag Rnk 540 / 1201
2022
Origin $1.47M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $1.47MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $201M in Rubber, making it the 12th largest exporter of Rubber in the world. At the same year, Rubber was the 60th most exported product in Philippines. The main destination of Rubber exports from Philippines are: Malaysia ($129M), China ($32.4M), South Korea ($24.9M), Vietnam ($10.2M), and India ($2.23M).

The fastest growing export markets for Rubber of Philippines between 2021 and 2022 were China ($14M), South Korea ($13.6M), and Vietnam ($1.58M).

Imports In 2022, Philippines imported $24M in Rubber, becoming the 47th largest importer of Rubber in the world. At the same year, Rubber was the 540th most imported product in Philippines. Philippines imports Rubber primarily from: Thailand ($9.49M), Indonesia ($6.89M), Malaysia ($5.08M), Japan ($1.94M), and Australia ($116k).

The fastest growing import markets in Rubber for Philippines between 2021 and 2022 were Malaysia ($1.47M), Thailand ($297k), and Japan ($112k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Rubber exports accounted up to $12.8M and imports accounted up to $3.56M, resulting in a positive trade balance of $9.21M. Between August 2023 and August 2024 the exports of Philippines'   Rubber have increased by $2.73M (27.2%) from $10M to $12.8M, while imports increased by $1.62M (83.9%) from $1.94M to $3.56M.

Destinations In August 2024, Rubber were exported mostly to Malaysia ($9.1M), China ($2.1M), Vietnam ($1.14M), South Korea ($359k), and Indonesia ($73k), and were imported mostly from Thailand ($2.02M), Indonesia ($1.48M), Japan ($27.7k), Malaysia ($25.1k), and South Korea ($1.6k).

Growth In August 2024, the increase in Rubber's year-by-year exports was explained primarily by an increase in exports to Vietnam ($1.47M or 723%) and China ($650k or 33.4%). In August 2024, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from Thailand ($513k or 191%), Indonesia ($99.7k or 26.9%), and South Korea ($8.14k or 818%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$2.73M(27.2%)
IMPORT GROWTH (August 2023 - August 2024)$1.62M(83.9%)
MAIN DESTINATION (August 2024)Malaysia$9.1M

This section shows Rubber'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$201M
IMPORTS (2022)$24M
NET TRADE (2022)$177M

In 2022, Philippines exported $201M in Rubber. The main destinations of Philippines exports on Rubber were Malaysia ($129M), China ($32.4M), South Korea ($24.9M), Vietnam ($10.2M), and India ($2.23M).

In 2022, Philippines imported $24M in Rubber, mainly from Thailand ($9.49M), Indonesia ($6.89M), Malaysia ($5.08M), Japan ($1.94M), and Australia ($116k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$14M (76.1%)
South Korea$13.6M (119%)
Vietnam$1.58M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Philippines WERE (2021 - 2022):
Malaysia-$12.9M (-9.05%)
Pakistan-$1.13M (-100%)
Czechia-$516k (-49.5%)
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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 were:
Thailand $5.47B
Indonesia $4.17B
Cote d'Ivoire $2.11B
In 2022, Philippines's main importing competitors in Rubber were:
China $3.82B
United States $2.06B
Malaysia $1.42B

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.1M
TOP IMPORT POTENTIALIndonesia+ $3.71M

Rubber’s highest export potential is China. With an export gap of $27.1M.   Rubber’s highest import potential is Indonesia with an import gap of $3.71M.

See methodology.

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