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2022
Exports $318MWorld Rnk 54 / 222
Flag Rnk 27 / 96
2022
Destination $29.2M China
2021 - 2022
FASTEST GROWING MARKET $29.2MChina
2022
PRODUCT COMPLEXITY IN Chemical products n.e.s.1.97Rnk 6 / 1025
2022
Imports $1.65BWorld Rnk 36 / 226
Flag Rnk 19 / 96
2022
Origin $68.9M China
2021 - 2022
FASTEST GROWING ORIGIN $68.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $318M in Chemical products n.e.s., making it the 54th largest exporter of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 27th most exported product in Philippines. The main destination of Chemical products n.e.s. exports from Philippines are: China ($59.3M), Germany ($42.8M), Japan ($39.7M), United States ($33.7M), and Malaysia ($21.4M).

The fastest growing export markets for Chemical products n.e.s. of Philippines between 2021 and 2022 were China ($29.2M), Germany ($12.8M), and United States ($10M).

Imports In 2022, Philippines imported $1.65B in Chemical products n.e.s., becoming the 36th largest importer of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 19th most imported product in Philippines. Philippines imports Chemical products n.e.s. primarily from: China ($521M), Indonesia ($168M), Japan ($148M), Chinese Taipei ($109M), and United States ($104M).

The fastest growing import markets in Chemical products n.e.s. for Philippines between 2021 and 2022 were China ($68.9M), Indonesia ($27.9M), and Vietnam ($12.7M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Chemical products n.e.s. from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Chemical products n.e.s. exports accounted up to $17.7M and imports accounted up to $101M, resulting in a negative trade balance of $83.6M. Between June 2023 and June 2024 the exports of Philippines'   Chemical products n.e.s. have increased by $1.5M (9.29%) from $16.2M to $17.7M, while imports decreased by $-4.95M (-4.66%) from $106M to $101M.

Destinations In June 2024, Chemical products n.e.s. were exported mostly to China ($4.97M), Netherlands ($2.56M), Germany ($1.95M), Japan ($1.48M), and South Korea ($1.25M), and were imported mostly from Australia ($29.2M), South Korea ($13.4M), Japan ($9.9M), United States ($7.65M), and Singapore ($6.45M).

Growth In June 2024, the increase in Chemical products n.e.s.'s year-by-year exports was explained primarily by an increase in exports to Japan ($870k or 40.9%), Chinese Taipei ($202k or 22.8%), and Vietnam ($54.7k or 120%). In June 2024, the decrease in Chemical products n.e.s.'s year-by-year imports was explained primarily by a decrease in imports from South Korea ($-9.05M or -49.9%), Japan ($-6.27M or -35.4%), and Malaysia ($-4.08M or -39.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.5M(9.29%)
IMPORT GROWTH (June 2023 - June 2024)$-4.95M(-4.66%)
MAIN DESTINATION (June 2024)China$4.97M

This section shows Chemical products n.e.s.'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 Chemical products n.e.s. over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$318M
IMPORTS (2022)$1.65B
NET TRADE (2022)-$1.33B

In 2022, Philippines exported $318M in Chemical products n.e.s.. The main destinations of Philippines exports on Chemical products n.e.s. were China ($59.3M), Germany ($42.8M), Japan ($39.7M), United States ($33.7M), and Malaysia ($21.4M).

In 2022, Philippines imported $1.65B in Chemical products n.e.s., mainly from China ($521M), Indonesia ($168M), Japan ($148M), Chinese Taipei ($109M), and United States ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical products n.e.s. EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$29.2M (96.9%)
Germany$12.8M (42.5%)
United States$10M (42.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical products n.e.s. BY Philippines WERE (2021 - 2022):
India-$8.75M (-52.6%)
Sri Lanka-$6.96M (-44.9%)
Russia-$3.47M (-62.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Chemical products n.e.s. were:
China $42.1B
United States $30.3B
Germany $26.5B
In 2022, Philippines's main importing competitors in Chemical products n.e.s. were:
United States $17.8B
Germany $17.8B
Netherlands $16.9B

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Trade Value of Chemical products n.e.s. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $57.1M
TOP IMPORT POTENTIALChina+ $103M

Chemical products n.e.s.’s highest export potential is China. With an export gap of $57.1M.   Chemical products n.e.s.’s highest import potential is China with an import gap of $103M.

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