Overview: This page contains the latest trade data of Refined Petroleum in Philippines.
Exports: In 2018, Philippines exported $584M in Refined Petroleum, making it the 71st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 20th most exported product in Philippines. The main destination of Refined Petroleum exports from Philippines are: Singapore ($262M), Chinese Taipei ($127M), China ($106M), Malaysia ($61.7M), and South Korea ($12.7M).
The fastest growing export markets for Refined Petroleum of Philippines between 2017 and 2018 were Singapore ($141M), China ($105M), and Chinese Taipei ($94.9M).
Imports: In 2018, Philippines imported $9.22B in Refined Petroleum, becoming the 23rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Philippines. Philippines imports Refined Petroleum primarily from: Chinese Taipei ($2.83B), China ($2.33B), South Korea ($2.09B), Singapore ($669M), and Malaysia ($368M).
The fastest growing import markets in Refined Petroleum for Philippines between 2017 and 2018 were Chinese Taipei ($2.66B), South Korea ($661M), and China ($515M).
Tariffs: In 2018, the average tariff for Philippines in Refined Petroleum was 0.14%. The countries with the highest import tariffs for Refined Petroleum were India (1%), Angola (0.15%), Burundi (0.15%), Benin (0.15%), and Burkina Faso (0.15%).