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2022
Exports $328kWorld Rnk 73 / 175
Flag Rnk 719 / 1127
2022
Destination $115k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $115kHong Kong
2022
PRODUCT COMPLEXITY IN Used Rubber Tires0.67Rnk 290 / 1025
2022
Imports $10.7MWorld Rnk 55 / 219
Flag Rnk 708 / 1201
2022
Origin $300k China
2021 - 2022
FASTEST GROWING ORIGIN $300kSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $328k in Used Rubber Tires, making it the 73rd largest exporter of Used Rubber Tires in the world. At the same year, Used Rubber Tires was the 719th most exported product in Philippines. The main destination of Used Rubber Tires exports from Philippines are: Hong Kong ($177k), Chinese Taipei ($40.8k), China ($36k), Japan ($30.5k), and Mexico ($28.6k).

The fastest growing export markets for Used Rubber Tires of Philippines between 2021 and 2022 were Hong Kong ($115k), Chinese Taipei ($38.1k), and Japan ($9.75k).

Imports In 2022, Philippines imported $10.7M in Used Rubber Tires, becoming the 55th largest importer of Used Rubber Tires in the world. At the same year, Used Rubber Tires was the 708th most imported product in Philippines. Philippines imports Used Rubber Tires primarily from: China ($2.68M), India ($2.16M), Malaysia ($1.21M), Thailand ($1.18M), and Vietnam ($782k).

The fastest growing import markets in Used Rubber Tires for Philippines between 2021 and 2022 were South Korea ($300k), Thailand ($162k), and Malaysia ($144k).

COMPANIES In 2023, leading companies such as Yokohama Industries (3) were at the forefront of shipping Used Rubber Tires from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Used Rubber Tires exports accounted up to $11.1k and imports accounted up to $652k, resulting in a negative trade balance of $641k. Between December 2022 and July 2024 the exports of Philippines'   Used Rubber Tires have increased by $3.99k (56.1%) from $7.11k to $11.1k, while imports increased by $193k (42%) from $459k to $652k.

Destinations In July 2024, Used Rubber Tires were exported mostly to , and were imported mostly from China ($284k), Malaysia ($125k), Vietnam ($76.9k), India ($67.8k), and United States ($39.8k).

Growth In July 2024, the increase in Used Rubber Tires's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Used Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Japan ($9.04k or 527%) and Singapore ($210 or 58.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - July 2024)$3.99k(56.1%)
IMPORT GROWTH (August 2023 - August 2024)$193k(42%)
MAIN DESTINATION (July 2024)

This section shows Used Rubber Tires'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 Used Rubber Tires over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$328k
IMPORTS (2022)$10.7M
NET TRADE (2022)-$10.3M

In 2022, Philippines exported $328k in Used Rubber Tires. The main destinations of Philippines exports on Used Rubber Tires were Hong Kong ($177k), Chinese Taipei ($40.8k), China ($36k), Japan ($30.5k), and Mexico ($28.6k).

In 2022, Philippines imported $10.7M in Used Rubber Tires, mainly from China ($2.68M), India ($2.16M), Malaysia ($1.21M), Thailand ($1.18M), and Vietnam ($782k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Used Rubber Tires EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$115k (182%)
Chinese Taipei$38.1k (1.44k%)
Japan$9.75k (47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Used Rubber Tires BY Philippines WERE (2021 - 2022):
China-$10.3M (-99.7%)
United States-$889k (-99.5%)
Thailand-$38.8k (-83.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Used Rubber Tires were:
Sri Lanka $455M
Germany $342M
China $196M
In 2022, Philippines's main importing competitors in Used Rubber Tires were:
United States $459M
Germany $232M
France $190M

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Trade Value of Used Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $33.4k
TOP IMPORT POTENTIALChina+ $836k

Used Rubber Tires’s highest export potential is Japan. With an export gap of $33.4k.   Used Rubber Tires’s highest import potential is China with an import gap of $836k.

See methodology.

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