Rubber Tires in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $473M in Rubber Tires, making it the 32nd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 31st most exported product in Philippines. The main destination of Rubber Tires exports from Philippines are: United States ($323M), Japan ($17.2M), Germany ($15.3M), Italy ($13.6M), and Canada ($10.4M).

The fastest growing export markets for Rubber Tires of Philippines between 2021 and 2022 were United States ($106M), Mexico ($6.39M), and Japan ($4.34M).

Imports In 2022, Philippines imported $604M in Rubber Tires, becoming the 34th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 56th most imported product in Philippines. Philippines imports Rubber Tires primarily from: China ($274M), Thailand ($106M), Indonesia ($75.3M), India ($74.5M), and Japan ($35.7M).

The fastest growing import markets in Rubber Tires for Philippines between 2021 and 2022 were Thailand ($17.6M), China ($6.38M), and Indonesia ($5.52M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Rubber Tires exports accounted up to $15M and imports accounted up to $23.5M, resulting in a negative trade balance of $8.58M. Between August 2020 and August 2021 the exports of Philippines' Rubber Tires have decreased by $-13.6M (-47.5%) from $28.5M to $15M, while imports increased by $3.94M (20.1%) from $19.6M to $23.5M.

Destinations In August 2021, Rubber Tires were exported mostly to United States ($9.13M), Germany ($1.88M), Japan ($536k), United Kingdom ($465k), and Italy ($459k), and were imported mostly from China ($9.23M), Thailand ($5.04M), India ($2.69M), Japan ($2.33M), and Indonesia ($2.15M).

Growth In August 2021, the decrease in Rubber Tires's year-by-year exports was explained primarily by a decrease in exports to Canada ($-2.69M or -78.5%), Russia ($-216k or -50.5%), and Chinese Taipei ($-122k or -58.2%). In August 2021, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Thailand ($932k or 23.7%), India ($541k or 28.4%), and Indonesia ($175k or 6.27%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-13.6M(-47.5%)

IMPORT GROWTH (August 2020 - August 2021)$3.94M(20.1%)

MAIN DESTINATION (August 2021)United States$9.13M

This section shows 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 Rubber Tires over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$473M

IMPORTS (2022)$604M

NET TRADE (2022)-$131M

In 2022, Philippines exported $473M in Rubber Tires. The main destinations of Philippines exports on Rubber Tires were United States ($323M), Japan ($17.2M), Germany ($15.3M), Italy ($13.6M), and Canada ($10.4M).

In 2022, Philippines imported $604M in Rubber Tires, mainly from China ($274M), Thailand ($106M), Indonesia ($75.3M), India ($74.5M), and Japan ($35.7M).

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