Industrial Fatty Acids, Oils and Alcohols in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $73.2M in Industrial Fatty Acids, Oils and Alcohols, making it the 53rd largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 139th most exported product in Philippines. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Philippines are: China ($42.8M), India ($6.48M), Japan ($4.38M), South Korea ($4.19M), and United States ($3.74M).

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).

Imports In 2018, Philippines imported $474M in Industrial Fatty Acids, Oils and Alcohols, becoming the 38th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 77th most imported product in Philippines. Philippines imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($189M), Indonesia ($94.7M), Japan ($58.4M), Malaysia ($24.5M), and South Korea ($21M).

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).

Latest Trends

June 2024

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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%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$4.4M(117%)

IMPORT GROWTH (June 2023 - June 2024)$-1.69M(-96.8%)

MAIN DESTINATION (June 2024)China$3.9M

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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