Mineral fuels, mineral oils and products of their distillation in   Philippines

Overview In June 2024 Philippines' Mineral fuels, mineral oils and products of their distillation exports accounted up to $62.7M and imports accounted up to $879M, resulting in a negative trade balance of $817M. Between June 2023 and June 2024 the exports of Philippines'   Mineral fuels, mineral oils and products of their distillation have decreased by $-10.9M (-14.8%) from $73.6M to $62.7M, while imports decreased by $-754M (-46.2%) from $1.63B to $879M.

Destinations In June 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to China ($41.7M), United Arab Emirates ($4.08M), Qatar ($2.19M), Vietnam ($2.16M), and Chinese Taipei ($2.11M), and were imported mostly from South Korea ($308M), Saudi Arabia ($178M), Iraq ($86.2M), United Arab Emirates ($82.5M), and Singapore ($81.7M).

Growth In June 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to China ($-39.6M or -89.3%), Brunei ($-21.4M or -77.7%), and South Korea ($-10.8M or -38.3%). In June 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-69M or -85.5%), Qatar ($-31.7M or -51.8%), and India ($-24.9M or -97.5%).