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2023
Exports $17.4MWorld Rnk 94 / 175
Flag Rnk 68 / 96
2023
Destination $439k Vietnam
2022 - 2023
FASTEST GROWING MARKET $439kSingapore
2023
PRODUCT COMPLEXITY IN Fertilizers-0.92Rnk 808 / 1025
2023
Imports $947MWorld Rnk 26 / 221
Flag Rnk 28 / 96
2023
Origin $29MN/A
2022 - 2023
FASTEST GROWING ORIGIN $29MSaudi Arabia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $17.4M in Fertilizers, making it the 94th largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 68th most exported product in Philippines. The main destination of Fertilizers exports from Philippines are: Vietnam ($14.5M), Malaysia ($609k), Thailand ($525k), Singapore ($439k), and Japan ($390k).

The fastest growing export markets for Fertilizers of Philippines between 2022 and 2023 were Singapore ($439k), Japan ($210k), and Malaysia ($189k).

Imports In 2023, Philippines imported $947M in Fertilizers, becoming the 26th largest importer of Fertilizers in the world. At the same year, Fertilizers was the 28th most imported product in Philippines. Philippines imports Fertilizers primarily from: N/A.

The fastest growing import markets in Fertilizers for Philippines between 2022 and 2023 were Saudi Arabia ($29M), Brunei ($17M), and Laos ($10.7M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Fertilizers exports accounted up to $370k and imports accounted up to $76.7M, resulting in a negative trade balance of $76.3M. Between July 2023 and July 2024 the exports of Philippines'   Fertilizers have decreased by $-1.39M (-78.9%) from $1.76M to $370k, while imports decreased by $-5.95M (-7.2%) from $82.6M to $76.7M.

Destinations In July 2024, Fertilizers were exported mostly to Australia ($159k), Thailand ($125k), Indonesia ($32.4k), Malaysia ($27.6k), and Kuwait ($26.3k), and were imported mostly from Indonesia ($24.4M), China ($23.8M), Saudi Arabia ($6.35M), Malaysia ($5.17M), and Canada ($3.25M).

Growth In July 2024, the decrease in Fertilizers's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-79.7k or -81.9%). In July 2024, the decrease in Fertilizers's year-by-year imports was explained primarily by a decrease in imports from Norway ($-5.64M or -66%), China ($-4.99M or -20.4%), and Japan ($-2.36M or -66.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-1.39M(-78.9%)
IMPORT GROWTH (July 2023 - July 2024)$-5.95M(-7.2%)
MAIN DESTINATION (July 2024)Australia$159k

This section shows Fertilizers'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 Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.4M
IMPORTS (2023)$947M
NET TRADE (2023)-$930M

In 2023, Philippines exported $17.4M in Fertilizers. The main destinations of Philippines exports on Fertilizers were Vietnam ($14.5M), Malaysia ($609k), Thailand ($525k), Singapore ($439k), and Japan ($390k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fertilizers EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$439k (1%)
Japan$210k (117%)
Malaysia$189k (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fertilizers BY Philippines WERE (2022 - 2023):
Indonesia-$946k (-71.3%)
Vietnam-$812k (-5.32%)
Australia-$130k (-63.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Fertilizers were:
Russia $15.3B
China $10.9B
Canada $10.4B
In 2023, Philippines's main importing competitors in Fertilizers were:
Brazil $15.8B
India $10.6B
United States $9.97B

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Trade Value of Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $696k
TOP IMPORT POTENTIALChina+ $20.4M

Fertilizers’s highest export potential is Indonesia. With an export gap of $696k.   Fertilizers’s highest import potential is China with an import gap of $20.4M.

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