2020
Exports
$456World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2020
Imports
$2.66MWorld Rnk 36 / 185
Flag Rnk 912 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Imports In 2022, Philippines imported $2.66M in Nitric Acids, becoming the 36th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 912th most imported product in Philippines. Philippines imports Nitric Acids primarily from: South Korea ($1.74M), India ($261k), Singapore ($253k), Malaysia ($186k), and Chinese Taipei ($90.6k).

The fastest growing import markets in Nitric Acids for Philippines between 2021 and 2022 were India ($246k), South Korea ($196k), and Singapore ($111k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Nitric Acids. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2020)$456
IMPORTS (2022)$2.66M
NET TRADE (2022)-$2.66M

In 2022, Philippines imported $2.66M in Nitric Acids, mainly from South Korea ($1.74M), India ($261k), Singapore ($253k), Malaysia ($186k), and Chinese Taipei ($90.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Nitric Acids were:
In 2022, Philippines's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $352
TOP IMPORT POTENTIALGermany+ $58.9k

Nitric Acids’s highest export potential is China. With an export gap of $352.   Nitric Acids’s highest import potential is Germany with an import gap of $58.9k.

See methodology.

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