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2022
Exports $199MWorld Rnk 44 / 226
Flag Rnk 61 / 1127
2022
Destination $4.55M Japan
2021 - 2022
FASTEST GROWING MARKET $4.55MChina
2022
PRODUCT COMPLEXITY IN Other Plastic Products0.78Rnk 253 / 1025
2022
Imports $1.17BWorld Rnk 34 / 226
Flag Rnk 21 / 1201
2022
Origin $55.5M China
2021 - 2022
FASTEST GROWING ORIGIN $55.5MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $199M in Other Plastic Products, making it the 44th largest exporter of Other Plastic Products in the world. At the same year, Other Plastic Products was the 61st most exported product in Philippines. The main destination of Other Plastic Products exports from Philippines are: Japan ($57M), China ($36.1M), United States ($23.8M), Malaysia ($18.6M), and Vietnam ($10.2M).

The fastest growing export markets for Other Plastic Products of Philippines between 2021 and 2022 were China ($4.55M), Turkey ($2.11M), and Nigeria ($1.91M).

Imports In 2022, Philippines imported $1.17B in Other Plastic Products, becoming the 34th largest importer of Other Plastic Products in the world. At the same year, Other Plastic Products was the 21st most imported product in Philippines. Philippines imports Other Plastic Products primarily from: China ($733M), Japan ($111M), Thailand ($36.6M), Malaysia ($36.3M), and Singapore ($35.1M).

The fastest growing import markets in Other Plastic Products for Philippines between 2021 and 2022 were China ($55.5M), Netherlands ($23.8M), and Germany ($13.5M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Plastic Products exports accounted up to $12.8M and imports accounted up to $25.2M, resulting in a negative trade balance of $12.5M. Between June 2023 and June 2024 the exports of Philippines'   Other Plastic Products have decreased by $-4.49M (-26%) from $17.3M to $12.8M, while imports decreased by $-25.3M (-50.1%) from $50.6M to $25.2M.

Destinations In June 2024, Other Plastic Products were exported mostly to China ($5.09M), Japan ($3.03M), United States ($1.01M), Malaysia ($790k), and Mexico ($525k), and were imported mostly from Japan ($8.65M), Thailand ($3.11M), South Korea ($2.28M), Singapore ($2.23M), and Chinese Taipei ($1.59M).

Growth In June 2024, the decrease in Other Plastic Products's year-by-year exports was explained primarily by a decrease in exports to N/A. In June 2024, the decrease in Other Plastic Products's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-3.09M or -94.6%), Malaysia ($-946k or -36.5%), and Hong Kong ($-512k or -52%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-4.49M(-26%)
IMPORT GROWTH (June 2023 - June 2024)$-25.3M(-50.1%)
MAIN DESTINATION (June 2024)China$5.09M

This section shows Other Plastic Products'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 Other Plastic Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$199M
IMPORTS (2022)$1.17B
NET TRADE (2022)-$966M

In 2022, Philippines exported $199M in Other Plastic Products. The main destinations of Philippines exports on Other Plastic Products were Japan ($57M), China ($36.1M), United States ($23.8M), Malaysia ($18.6M), and Vietnam ($10.2M).

In 2022, Philippines imported $1.17B in Other Plastic Products, mainly from China ($733M), Japan ($111M), Thailand ($36.6M), Malaysia ($36.3M), and Singapore ($35.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Plastic Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$4.55M (14.4%)
Turkey$2.11M (104%)
Nigeria$1.91M (2.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Plastic Products BY Philippines WERE (2021 - 2022):
United States-$7.62M (-24.3%)
Russia-$1.95M (-87.2%)
Netherlands-$1.79M (-58%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Plastic Products were:
China $46.8B
United States $20.7B
Germany $18.2B
In 2022, Philippines's main importing competitors in Other Plastic Products were:
United States $25.5B
Germany $14.4B
China $7.52B

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Trade Value of Other Plastic Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.2M
TOP IMPORT POTENTIALChina+ $91.1M

Other Plastic Products’s highest export potential is United States. With an export gap of $26.2M.   Other Plastic Products’s highest import potential is China with an import gap of $91.1M.

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