Crude Petroleum in Philippines 2021 Exports | Imports : $298M | $1.73B, World Rnk 58 / 147 Rnk 45 / 1111 | World Rnk 42 / 163 Rnk 9 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $104M | $640M, Thailand | Saudi Arabia
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Crude Petroleum: -2.38, Rnk 1024 / 1029
Exports In 2021, Philippines exported $298M in Crude Petroleum, making it the 58th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 45th most exported product in Philippines. The main destination of Crude Petroleum exports from Philippines are: Thailand ($222M), South Korea ($55M), Brunei ($21M), United Arab Emirates ($8.99k), and Japan ($2.6k).
The fastest growing export markets for Crude Petroleum of Philippines between 2020 and 2021 were Thailand ($104M), South Korea ($33.3M), and Brunei ($21M).
Imports In 2021, Philippines imported $1.73B in Crude Petroleum, becoming the 42nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 9th most imported product in Philippines. Philippines imports Crude Petroleum primarily from: Saudi Arabia ($1.03B), United Arab Emirates ($270M), Malaysia ($148M), Qatar ($71.8M), and Oman ($60.4M).
The fastest growing import markets in Crude Petroleum for Philippines between 2020 and 2021 were Saudi Arabia ($640M), United Arab Emirates ($253M), and Malaysia ($90.6M).
August 2021
Overview In August 2021 Philippines' Crude Petroleum exports accounted up to N/A19.5M and imports accounted up to N/A154M, resulting in a negative trade balance of N/A135M. Between July 2020 and August 2021 the exports of Philippines' Crude Petroleum have increased by N/A12M (160%) from N/A7.5M to N/A19.5M, while imports decreased by N/A-157M (-50.5%) from N/A311M to N/A154M.
Destinations In August 2021, Crude Petroleum were exported mostly to Thailand ($19.5M), and were imported mostly from Saudi Arabia ($119M) and Malaysia ($35.5M).
Growth In August 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (July 2020 - August 2021): N/A12M, (160%)
IMPORT GROWTH (February 2020 - August 2021): N/A-157M, (-50.5%)
MAIN DESTINATION (August 2021): Thailand, $19.5M
This section shows Crude Petroleum'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 Crude Petroleum over time.
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EXPORTS (2021): $298M
IMPORTS (2021): $1.73B
NET TRADE (2021): -$1.43B
In 2021, Philippines exported $298M in Crude Petroleum. The main destinations of Philippines exports on Crude Petroleum were Thailand ($222M), South Korea ($55M), Brunei ($21M), United Arab Emirates ($8.99k), and Japan ($2.6k).
In 2021, Philippines imported $1.73B in Crude Petroleum, mainly from Saudi Arabia ($1.03B), United Arab Emirates ($270M), Malaysia ($148M), Qatar ($71.8M), and Oman ($60.4M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Crude Petroleum were:
In 2021, Philippines's main importing competitors in Crude Petroleum were:
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