The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Philippines between 2021 and 2022 were China ($27.3M), United States ($3.65M), and Thailand ($860k).
The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Philippines between 2021 and 2022 were China ($85.5M), Indonesia ($26.5M), and South Korea ($4.8M).
Overview In June 2024 Philippines' Industrial Fatty Acids, Oils and Alcohols exports accounted up to $8.16M and imports accounted up to $55.5k, resulting in a positive trade balance of $8.1M. Between June 2023 and June 2024 the exports of Philippines' Industrial Fatty Acids, Oils and Alcohols have increased by $4.4M (117%) from $3.76M to $8.16M, while imports decreased by $-1.69M (-96.8%) from $1.75M to $55.5k.
Destinations In June 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to China ($3.9M), Netherlands ($2.49M), Germany ($519k), India ($362k), and South Korea ($288k), and were imported mostly from Japan ($24.2k), South Korea ($12.5k), Chinese Taipei ($8.14k), Belgium ($7.18k), and Brazil ($3.46k).
Growth In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to Malaysia ($26.3k or 2.97%). In June 2024, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by a decrease in imports from Japan ($-70.5k or -97.8%) and Thailand ($-2.44k or -55.1%).
This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.
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In N/A, Philippines imported N/A in Industrial Fatty Acids, Oils and Alcohols, mainly from China ($189M), Indonesia ($94.7M), Japan ($58.4M), Malaysia ($24.5M), and South Korea ($21M).
Industrial Fatty Acids, Oils and Alcohols’s highest export potential is China. With an export gap of $16.4M. Industrial Fatty Acids, Oils and Alcohols’s highest import potential is N/A with an import gap of N/A.
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