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2022
Exports $152MWorld Rnk 33 / 120
Flag Rnk 83 / 1127
2022
Destination $30.6M China
2021 - 2022
FASTEST GROWING MARKET $30.6MChina
2022
PRODUCT COMPLEXITY IN Cyclic Hydrocarbons0.72Rnk 268 / 1025
2022
Imports $22.4MWorld Rnk 52 / 194
Flag Rnk 559 / 1201
2022
Origin $2.77M Saudi Arabia
2021 - 2022
FASTEST GROWING ORIGIN $2.77MSaudi Arabia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $152M in Cyclic Hydrocarbons, making it the 33rd largest exporter of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 83rd most exported product in Philippines. The main destination of Cyclic Hydrocarbons exports from Philippines are: China ($84.7M), India ($25.3M), Chinese Taipei ($14.7M), Singapore ($13.3M), and Malaysia ($5.38M).

The fastest growing export markets for Cyclic Hydrocarbons of Philippines between 2021 and 2022 were China ($30.6M), India ($11.7M), and Chinese Taipei ($9.83M).

Imports In 2022, Philippines imported $22.4M in Cyclic Hydrocarbons, becoming the 52nd largest importer of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 559th most imported product in Philippines. Philippines imports Cyclic Hydrocarbons primarily from: Saudi Arabia ($5.34M), Indonesia ($3.83M), Chinese Taipei ($3.17M), Japan ($2.21M), and South Korea ($1.93M).

The fastest growing import markets in Cyclic Hydrocarbons for Philippines between 2021 and 2022 were Saudi Arabia ($2.77M), United Arab Emirates ($928k), and Japan ($713k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Cyclic Hydrocarbons exports accounted up to $2.89M and imports accounted up to $905k, resulting in a positive trade balance of $1.98M. Between January 2023 and June 2024 the exports of Philippines'   Cyclic Hydrocarbons have decreased by $-2.35M (-44.9%) from $5.24M to $2.89M, while imports decreased by $-229k (-20.2%) from $1.13M to $905k.

Destinations In June 2024, Cyclic Hydrocarbons were exported mostly to China ($2.85M) and India ($36.1k), and were imported mostly from South Korea ($294k), Japan ($239k), Thailand ($165k), Chinese Taipei ($139k), and Singapore ($30.6k).

Growth In June 2024, the decrease in Cyclic Hydrocarbons's year-by-year exports was explained primarily by a decrease in exports to China ($-8.27M or -61.2%). In June 2024, the decrease in Cyclic Hydrocarbons's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-181k or -68.2%), Chinese Taipei ($-112k or -48.7%), and Thailand ($-40.8k or -96%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - June 2024)$-2.35M(-44.9%)
IMPORT GROWTH (June 2023 - June 2024)$-229k(-20.2%)
MAIN DESTINATION (June 2024)China$2.85M

This section shows Cyclic Hydrocarbons'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 Cyclic Hydrocarbons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$152M
IMPORTS (2022)$22.4M
NET TRADE (2022)$129M

In 2022, Philippines exported $152M in Cyclic Hydrocarbons. The main destinations of Philippines exports on Cyclic Hydrocarbons were China ($84.7M), India ($25.3M), Chinese Taipei ($14.7M), Singapore ($13.3M), and Malaysia ($5.38M).

In 2022, Philippines imported $22.4M in Cyclic Hydrocarbons, mainly from Saudi Arabia ($5.34M), Indonesia ($3.83M), Chinese Taipei ($3.17M), Japan ($2.21M), and South Korea ($1.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cyclic Hydrocarbons EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$30.6M (56.7%)
India$11.7M (85.7%)
Chinese Taipei$9.83M (202%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Hydrocarbons BY Philippines WERE (2021 - 2022):
South Korea-$8.95M (-100%)
Brunei-$650k (-100%)
Qatar-$25.8k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cyclic Hydrocarbons were:
South Korea $9.79B
Netherlands $3.95B
United States $3.94B
In 2022, Philippines's main importing competitors in Cyclic Hydrocarbons were:
China $16.5B
United States $3.94B
Belgium $3.67B

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Trade Value of Cyclic Hydrocarbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $51.9M
TOP IMPORT POTENTIALSouth Korea+ $2.36M

Cyclic Hydrocarbons’s highest export potential is China. With an export gap of $51.9M.   Cyclic Hydrocarbons’s highest import potential is South Korea with an import gap of $2.36M.

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