HS Icon Oils petroleum, bituminous, distillates, except crude in  Flag Philippines

2019
Exports | Imports
: $230M | $8.18B, World Rnk 84 / 214
Flag Rnk 52 / 3685 | World Rnk 23 / 225
Flag Rnk 2 / 4472

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $810k | $904M, South Korea |  China

2019
ECONOMIC COMPLEXITY of Philippines
: 0.72, Rnk 40 / 147

2019
PRODUCT COMPLEXITY  IN Oils petroleum, bituminous, distillates, except crude
: -0.88, Rnk 2190 / 2764

Exports In 2019, Philippines exported $230M in Oils petroleum, bituminous, distillates, except crude, making it the 84th largest exporter of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 52nd most exported product in Philippines. The main destination of Oils petroleum, bituminous, distillates, except crude exports from Philippines are: Singapore ($134M), Malaysia ($54.2M), China ($21.1M), South Korea ($12.9M), and United States ($5.93M).

The fastest growing export markets for Oils petroleum, bituminous, distillates, except crude of Philippines between 2018 and 2019 were South Korea ($810k), France ($389k), and Japan ($218k).

Imports In 2019, Philippines imported $8.18B in Oils petroleum, bituminous, distillates, except crude, becoming the 23rd largest importer of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 2nd most imported product in Philippines. Philippines imports Oils petroleum, bituminous, distillates, except crude primarily from: China ($3.23B), South Korea ($1.81B), Chinese Taipei ($1.01B), Singapore ($973M), and Malaysia ($462M).

The fastest growing import markets in Oils petroleum, bituminous, distillates, except crude for Philippines between 2018 and 2019 were China ($904M), Singapore ($309M), and United Arab Emirates ($145M).

Historical Data

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EXPORTS (2019): $230M

IMPORTS (2019): $8.18B

NET TRADE (2019): -$7.95B

In 2019, Philippines exported $230M in Oils petroleum, bituminous, distillates, except crude. The main destinations of Philippines exports on Oils petroleum, bituminous, distillates, except crude were Singapore ($134M), Malaysia ($54.2M), China ($21.1M), South Korea ($12.9M), and United States ($5.93M).

In 2019, Philippines imported $8.18B in Oils petroleum, bituminous, distillates, except crude, mainly from China ($3.23B), South Korea ($1.81B), Chinese Taipei ($1.01B), Singapore ($973M), and Malaysia ($462M).

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IN 2019, Philippines HAD A POSITIVE NET TRADE IN Oils petroleum, bituminous, distillates, except crude WITH:

IN 2019, Philippines HAD A NEGATIVE NET TRADE IN Oils petroleum, bituminous, distillates, except crude WITH:

Flow

THE FASTEST GROWING Oils petroleum, bituminous, distillates, except crude EXPORT MARKETS FOR Philippines WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oils petroleum, bituminous, distillates, except crude BY Philippines WERE (2018 - 2019):

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Market Concentration

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In 2019, Philippines's main exporting competitors in Oils petroleum, bituminous, distillates, except crude were:

In 2019, Philippines's main importing competitors in Oils petroleum, bituminous, distillates, except crude were:

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