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2022
Exports $86.6kWorld Rnk 72 / 116
Flag Rnk 845 / 1127
2022
Destination $970 Singapore
2021 - 2022
FASTEST GROWING MARKET $970Chinese Taipei
2022
Imports $137kWorld Rnk 80 / 165
Flag Rnk 1129 / 1201
2022
Origin $74.1k Germany
2021 - 2022
FASTEST GROWING ORIGIN $74.1kGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $86.6k in Scrap Rubber, making it the 72nd largest exporter of Scrap Rubber in the world. At the same year, Scrap Rubber was the 845th most exported product in Philippines. The main destination of Scrap Rubber exports from Philippines are: Singapore ($53k), Malaysia ($32.5k), Chinese Taipei ($970), Thailand ($40), and Brunei ($16).

The fastest growing export markets for Scrap Rubber of Philippines between 2021 and 2022 were Chinese Taipei ($970), Thailand ($40), and Brunei ($16).

Imports In 2022, Philippines imported $137k in Scrap Rubber, becoming the 80th largest importer of Scrap Rubber in the world. At the same year, Scrap Rubber was the 1129th most imported product in Philippines. Philippines imports Scrap Rubber primarily from: Germany ($74.1k), Malaysia ($32.7k), Netherlands ($26.9k), Hong Kong ($1.86k), and Sweden ($989).

The fastest growing import markets in Scrap Rubber for Philippines between 2021 and 2022 were Germany ($74.1k), Netherlands ($26.9k), and Malaysia ($21.7k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Scrap Rubber exports accounted up to $34k and imports accounted up to $92.8k, resulting in a negative trade balance of $58.8k. Between March 2022 and October 2024 the exports of Philippines'   Scrap Rubber have increased by $20.7k (155%) from $13.3k to $34k, while imports increased by $46.9k (102%) from $45.9k to $92.8k.

Destinations In October 2024, Scrap Rubber were exported mostly to Vietnam ($26.5k) and Malaysia ($7.52k), and were imported mostly from United States ($78.3k), India ($10.8k), and Malaysia ($3.7k).

Growth In October 2024, the increase in Scrap Rubber's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Scrap Rubber's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2022 - October 2024)$20.7k(155%)
IMPORT GROWTH (September 2023 - October 2024)$46.9k(102%)
MAIN DESTINATION (October 2024)Vietnam$26.5k

This section shows Scrap 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 Scrap Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$86.6k
IMPORTS (2022)$137k
NET TRADE (2022)-$50.5k

In 2022, Philippines exported $86.6k in Scrap Rubber. The main destinations of Philippines exports on Scrap Rubber were Singapore ($53k), Malaysia ($32.5k), Chinese Taipei ($970), Thailand ($40), and Brunei ($16).

In 2022, Philippines imported $137k in Scrap Rubber, mainly from Germany ($74.1k), Malaysia ($32.7k), Netherlands ($26.9k), Hong Kong ($1.86k), and Sweden ($989).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Rubber EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$970 (1%)
Thailand$40 (1%)
Brunei$16 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Rubber BY Philippines WERE (2021 - 2022):
Malaysia-$61.8k (-65.5%)
Singapore-$2.1k (-3.81%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Scrap Rubber were:
United Kingdom $52.2M
United States $36M
France $25M
In 2022, Philippines's main importing competitors in Scrap Rubber were:
India $87.9M
Turkey $27.9M
United States $24M

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Trade Value of Scrap Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.03k
TOP IMPORT POTENTIALNetherlands+ $3.21k

Scrap Rubber’s highest export potential is India. With an export gap of $1.03k.   Scrap Rubber’s highest import potential is Netherlands with an import gap of $3.21k.

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