Styrene Polymers in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $19.4M in Styrene Polymers, making it the 48th largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 260th most exported product in Philippines. The main destination of Styrene Polymers exports from Philippines are: China ($15.1M), Chinese Taipei ($1.32M), South Korea ($1.04M), Japan ($849k), and Malaysia ($287k).

The fastest growing export markets for Styrene Polymers of Philippines between 2021 and 2022 were South Korea ($1.03M), Chinese Taipei ($834k), and Japan ($647k).

Imports In 2022, Philippines imported $232M in Styrene Polymers, becoming the 27th largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 143rd most imported product in Philippines. Philippines imports Styrene Polymers primarily from: Chinese Taipei ($56.2M), South Korea ($39.6M), China ($29.1M), Thailand ($22.6M), and Malaysia ($22.1M).

The fastest growing import markets in Styrene Polymers for Philippines between 2021 and 2022 were Chinese Taipei ($8.69M), China ($8.65M), and Hong Kong ($4.44M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Styrene Polymers exports accounted up to $1.38M and imports accounted up to $24.2M, resulting in a negative trade balance of $22.8M. Between August 2020 and August 2021 the exports of Philippines' Styrene Polymers have increased by $646k (88.2%) from $733k to $1.38M, while imports increased by $15.5M (179%) from $8.67M to $24.2M.

Destinations In August 2021, Styrene Polymers were exported mostly to Japan ($984k), Chinese Taipei ($217k), China ($168k), Malaysia ($8.93k), and Costa Rica ($1.7k), and were imported mostly from South Korea ($6.32M), Chinese Taipei ($3.98M), Thailand ($2.67M), China ($2.51M), and Malaysia ($2.42M).

Growth In August 2021, the increase in Styrene Polymers's year-by-year exports was explained primarily by an increase in exports to Japan ($281k or 57.5k%) and China ($226k or 200%). In August 2021, the increase in Styrene Polymers's year-by-year imports was explained primarily by an increase in imports from Thailand ($668k or 24.9%), China ($582k or 86.4%), and South Korea ($559k or 16.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$646k(88.2%)

IMPORT GROWTH (August 2020 - August 2021)$15.5M(179%)

MAIN DESTINATION (August 2021)Japan$984k

This section shows Styrene Polymers'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 Styrene Polymers over time.

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