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2022
Exports $315MWorld Rnk 59 / 210
Flag Rnk 28 / 96
2022
Destination $47.1M India
2021 - 2022
FASTEST GROWING MARKET $47.1MJapan
2022
PRODUCT COMPLEXITY IN Inorganic chemicals1.72Rnk 21 / 1025
2022
Imports $1.05BWorld Rnk 37 / 225
Flag Rnk 33 / 96
2022
Origin $109M China
2021 - 2022
FASTEST GROWING ORIGIN $109MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $315M in Inorganic chemicals, making it the 59th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 28th most exported product in Philippines. The main destination of Inorganic chemicals exports from Philippines are: India ($78M), Japan ($64.2M), China ($55.2M), United States ($35.9M), and Chinese Taipei ($24.9M).

The fastest growing export markets for Inorganic chemicals of Philippines between 2021 and 2022 were Japan ($47.1M), India ($25.5M), and United States ($15.6M).

Imports In 2022, Philippines imported $1.05B in Inorganic chemicals, becoming the 37th largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 33rd most imported product in Philippines. Philippines imports Inorganic chemicals primarily from: China ($348M), Japan ($201M), South Korea ($96.7M), United States ($69.1M), and Indonesia ($60.3M).

The fastest growing import markets in Inorganic chemicals for Philippines between 2021 and 2022 were China ($109M), Japan ($80.8M), and Indonesia ($32.6M).

COMPANIES In 2023, leading companies such as Euromarket Designs (1) were at the forefront of shipping Inorganic chemicals from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Inorganic chemicals exports accounted up to $18M and imports accounted up to $62.5M, resulting in a negative trade balance of $44.5M. Between October 2023 and October 2024 the exports of Philippines'   Inorganic chemicals have increased by $7.88M (77.6%) from $10.1M to $18M, while imports increased by $7.84M (14.3%) from $54.7M to $62.5M.

Destinations In October 2024, Inorganic chemicals were exported mostly to Japan ($10M), United States ($2.19M), China ($1.52M), Belgium ($1.25M), and Australia ($785k), and were imported mostly from China ($20.4M), Japan ($12M), South Korea ($5.77M), Thailand ($5.24M), and Chinese Taipei ($2.68M).

Growth In October 2024, the increase in Inorganic chemicals's year-by-year exports was explained primarily by an increase in exports to Japan ($535k or 237%), United States ($427k or 33.2%), and Netherlands ($236k or 84.8%). In October 2024, the increase in Inorganic chemicals's year-by-year imports was explained primarily by an increase in imports from South Korea ($5M or 85.3%), United States ($1.94M or 58%), and Indonesia ($1.51M or 85.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$7.88M(77.6%)
IMPORT GROWTH (October 2023 - October 2024)$7.84M(14.3%)
MAIN DESTINATION (October 2024)Japan$10M

This section shows Inorganic chemicals'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 Inorganic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$315M
IMPORTS (2022)$1.05B
NET TRADE (2022)-$735M

In 2022, Philippines exported $315M in Inorganic chemicals. The main destinations of Philippines exports on Inorganic chemicals were India ($78M), Japan ($64.2M), China ($55.2M), United States ($35.9M), and Chinese Taipei ($24.9M).

In 2022, Philippines imported $1.05B in Inorganic chemicals, mainly from China ($348M), Japan ($201M), South Korea ($96.7M), United States ($69.1M), and Indonesia ($60.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$47.1M (276%)
India$25.5M (48.4%)
United States$15.6M (77.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Philippines WERE (2021 - 2022):
China-$6.22M (-10.1%)
Saudi Arabia-$4.58M (-99.9%)
Morocco-$2.58M (-99.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Inorganic chemicals were:
China $33.7B
United States $17B
Germany $15.3B
In 2022, Philippines's main importing competitors in Inorganic chemicals were:
China $21.7B
United States $20B
South Korea $13B

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.8M
TOP IMPORT POTENTIALChina+ $35.6M

Inorganic chemicals’s highest export potential is China. With an export gap of $11.8M.   Inorganic chemicals’s highest import potential is China with an import gap of $35.6M.

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