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2022
Exports $9.28MWorld Rnk 52 / 187
Flag Rnk 346 / 1127
2022
Destination $1.51M Japan
2021 - 2022
FASTEST GROWING MARKET $1.51MFrance
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery1.71Rnk 22 / 1025
2022
Imports $171MWorld Rnk 40 / 213
Flag Rnk 175 / 1201
2022
Origin $19.9M China
2021 - 2022
FASTEST GROWING ORIGIN $19.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $9.28M in Rubberworking Machinery, making it the 52nd largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 346th most exported product in Philippines. The main destination of Rubberworking Machinery exports from Philippines are: Japan ($2.07M), France ($1.53M), South Korea ($882k), Chinese Taipei ($691k), and China ($688k).

The fastest growing export markets for Rubberworking Machinery of Philippines between 2021 and 2022 were France ($1.51M), South Korea ($605k), and Chinese Taipei ($490k).

Imports In 2022, Philippines imported $171M in Rubberworking Machinery, becoming the 40th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 175th most imported product in Philippines. Philippines imports Rubberworking Machinery primarily from: China ($83.8M), Japan ($26.7M), Chinese Taipei ($10.9M), United States ($7.56M), and Malaysia ($6.62M).

The fastest growing import markets in Rubberworking Machinery for Philippines between 2021 and 2022 were China ($19.9M), United States ($6.42M), and Malaysia ($5.15M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Rubberworking Machinery exports accounted up to $2.39M and imports accounted up to $12.7M, resulting in a negative trade balance of $10.3M. Between September 2023 and September 2024 the exports of Philippines'   Rubberworking Machinery have increased by $916k (62.1%) from $1.48M to $2.39M, while imports increased by $4.26M (50.4%) from $8.46M to $12.7M.

Destinations In September 2024, Rubberworking Machinery were exported mostly to Brazil ($822k), Japan ($618k), South Korea ($592k), United States ($88.8k), and Indonesia ($78.5k), and were imported mostly from Japan ($3.74M), China ($3.45M), Germany ($1.81M), Chinese Taipei ($849k), and South Korea ($655k).

Growth In September 2024, the increase in Rubberworking Machinery's year-by-year exports was explained primarily by an increase in exports to South Korea ($562k or 160%), Indonesia ($420k or 2.31k%), and Japan ($137k or 28%). In September 2024, the increase in Rubberworking Machinery's year-by-year imports was explained primarily by an increase in imports from Japan ($3.52M or 242%), China ($442k or 10.6%), and United States ($400k or 424%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$916k(62.1%)
IMPORT GROWTH (September 2023 - September 2024)$4.26M(50.4%)
MAIN DESTINATION (September 2024)Brazil$822k

This section shows Rubberworking Machinery'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 Rubberworking Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.28M
IMPORTS (2022)$171M
NET TRADE (2022)-$162M

In 2022, Philippines exported $9.28M in Rubberworking Machinery. The main destinations of Philippines exports on Rubberworking Machinery were Japan ($2.07M), France ($1.53M), South Korea ($882k), Chinese Taipei ($691k), and China ($688k).

In 2022, Philippines imported $171M in Rubberworking Machinery, mainly from China ($83.8M), Japan ($26.7M), Chinese Taipei ($10.9M), United States ($7.56M), and Malaysia ($6.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
France$1.51M (7.89k%)
South Korea$605k (218%)
Chinese Taipei$490k (244%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Philippines WERE (2021 - 2022):
China-$2.04M (-74.8%)
Japan-$772k (-27.1%)
Brazil-$208k (-36.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Rubberworking Machinery were:
China $7.21B
Germany $5.5B
Japan $2.29B
In 2022, Philippines's main importing competitors in Rubberworking Machinery were:
United States $4B
China $2.82B
Germany $1.66B

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $516k
TOP IMPORT POTENTIALChina+ $15.8M

Rubberworking Machinery’s highest export potential is Japan. With an export gap of $516k.   Rubberworking Machinery’s highest import potential is China with an import gap of $15.8M.

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