NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $133MWorld Rnk 12 / 131
Flag Rnk 83 / 1123
2023
Destination $5.02M Malaysia
2022 - 2023
FASTEST GROWING MARKET $5.02MVietnam
2023
PRODUCT COMPLEXITY IN Rubber-2.34Rnk 1011 / 1025
2023
Imports $15.9MWorld Rnk 48 / 193
Flag Rnk 563 / 1202
2023
Origin $2.24M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $2.24MThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $133M in Rubber, making it the 12th largest exporter of Rubber in the world. At the same year, Rubber was the 83rd most exported product in Philippines. The main destination of Rubber exports from Philippines are: Malaysia ($76.4M), China ($20.9M), South Korea ($17.8M), Vietnam ($14.2M), and Indonesia ($3.38M).

The fastest growing export markets for Rubber of Philippines between 2022 and 2023 were Vietnam ($5.02M), Indonesia ($2.46M), and Ukraine ($31.7k).

Imports In 2023, Philippines imported $15.9M in Rubber, becoming the 48th largest importer of Rubber in the world. At the same year, Rubber was the 563rd most imported product in Philippines. Philippines imports Rubber primarily from: Thailand ($7.34M), Indonesia ($7.1M), Japan ($512k), Malaysia ($286k), and Australia ($207k).

The fastest growing import markets in Rubber for Philippines between 2022 and 2023 were Thailand ($2.24M), Denmark ($116k), and Australia ($81.2k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Rubber exports accounted up to $10.5M and imports accounted up to $1.61M, resulting in a positive trade balance of $8.89M. Between July 2023 and July 2024 the exports of Philippines'   Rubber have increased by $415k (4.12%) from $10.1M to $10.5M, while imports increased by $355k (28.2%) from $1.26M to $1.61M.

Destinations In July 2024, Rubber were exported mostly to Malaysia ($7.13M), South Korea ($1.77M), China ($975k), Vietnam ($573k), and Indonesia ($58.7k), and were imported mostly from Indonesia ($736k), Thailand ($708k), Japan ($82.8k), Malaysia ($31.7k), and Australia ($21.9k).

Growth In July 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 July 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 (July 2023 - July 2024)$415k(4.12%)
IMPORT GROWTH (July 2023 - July 2024)$355k(28.2%)
MAIN DESTINATION (July 2024)Malaysia$7.13M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$133M
IMPORTS (2023)$15.9M
NET TRADE (2023)$117M

In 2023, Philippines exported $133M in Rubber. The main destinations of Philippines exports on Rubber were Malaysia ($76.4M), China ($20.9M), South Korea ($17.8M), Vietnam ($14.2M), and Indonesia ($3.38M).

In 2023, Philippines imported $15.9M in Rubber, mainly from Thailand ($7.34M), Indonesia ($7.1M), Japan ($512k), Malaysia ($286k), and Australia ($207k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Vietnam$5.02M (54.5%)
Indonesia$2.46M (267%)
Ukraine$31.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Philippines WERE (2022 - 2023):
Malaysia-$64.3M (-45.7%)
China-$9.36M (-30.9%)
South Korea-$6.65M (-27.2%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Rubber were:
Thailand $3.95B
Indonesia $2.91B
Cote d'Ivoire $2.43B
In 2023, Philippines's main importing competitors in Rubber were:
China $3.51B
United States $1.47B
Malaysia $1.28B

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms