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2023
Exports $28.5kWorld Rnk 90 / 125
Flag Rnk 927 / 1123
2023
Destination $3.6k Malaysia
2022 - 2023
FASTEST GROWING MARKET $3.6kMalaysia
2023
Imports $676kWorld Rnk 47 / 167
Flag Rnk 1010 / 1202
2023
Origin $374k China
2022 - 2023
FASTEST GROWING ORIGIN $374kChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $28.5k in Scrap Rubber, making it the 90th largest exporter of Scrap Rubber in the world. At the same year, Scrap Rubber was the 927th most exported product in Philippines. The main destination of Scrap Rubber exports from Philippines are: Malaysia ($27.5k), Chinese Taipei ($801), and Thailand ($228).

The fastest growing export markets for Scrap Rubber of Philippines between 2022 and 2023 were Malaysia ($3.6k) and Thailand ($186).

Imports In 2023, Philippines imported $676k in Scrap Rubber, becoming the 47th largest importer of Scrap Rubber in the world. At the same year, Scrap Rubber was the 1010th most imported product in Philippines. Philippines imports Scrap Rubber primarily from: China ($374k), United States ($125k), Malaysia ($75.1k), Germany ($32.4k), and Singapore ($30.8k).

The fastest growing import markets in Scrap Rubber for Philippines between 2022 and 2023 were China ($374k), United States ($125k), and Malaysia ($56.6k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Scrap Rubber exports accounted up to $53k and imports accounted up to $21.7k, resulting in a positive trade balance of $31.3k. Between November 2021 and July 2024 the exports of Philippines'   Scrap Rubber have increased by $12k (29.3%) from $41k to $53k, while imports decreased by $-72.8k (-77%) from $94.4k to $21.7k.

Destinations In July 2024, Scrap Rubber were exported mostly to Thailand ($53k), and were imported mostly from India ($21.7k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2021 - July 2024)$12k(29.3%)
IMPORT GROWTH (May 2023 - July 2024)$-72.8k(-77%)
MAIN DESTINATION (July 2024)Thailand$53k

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 (2023)$28.5k
IMPORTS (2023)$676k
NET TRADE (2023)-$648k

In 2023, Philippines exported $28.5k in Scrap Rubber. The main destinations of Philippines exports on Scrap Rubber were Malaysia ($27.5k), Chinese Taipei ($801), and Thailand ($228).

In 2023, Philippines imported $676k in Scrap Rubber, mainly from China ($374k), United States ($125k), Malaysia ($75.1k), Germany ($32.4k), and Singapore ($30.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Rubber EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Malaysia$3.6k (15.1%)
Thailand$186 (443%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Rubber BY Philippines WERE (2022 - 2023):
Singapore-$53k (-100%)
Chinese Taipei-$169 (-17.4%)
Brunei-$18 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Scrap Rubber were:
United States $70.2M
United Kingdom $58.3M
France $29.5M
In 2023, Philippines's main importing competitors in Scrap Rubber were:
India $138M
Turkey $48.9M
United States $29.5M

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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.

See methodology.

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