2022
Exports | Imports
$34.2M | $13.9BWorld Rnk 125 / 214
Flag Rnk 265 / 3613
World Rnk 21 / 225
Flag Rnk 2 / 4450
2022
ECONOMIC COMPLEXITY of Philippines
0.63Rnk 38 / 124

About

Exports In 2022, Philippines exported $34.2M in Oils petroleum, bituminous, distillates, except crude, making it the 125th largest exporter of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 265th most exported product in Philippines. The main destination of Oils petroleum, bituminous, distillates, except crude exports from Philippines are: Singapore ($13.3M), China ($12M), Malaysia ($6.23M), South Korea ($1.46M), and Kenya ($418k).

The fastest growing export markets for Oils petroleum, bituminous, distillates, except crude of Philippines between 2021 and 2022 were China ($11.9M), Singapore ($7.73M), and South Korea ($1.13M).

Imports In 2022, Philippines imported $13.9B in Oils petroleum, bituminous, distillates, except crude, becoming the 21st 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: South Korea ($4.55B), China ($2.44B), Singapore ($2.06B), Chinese Taipei ($1.16B), and Japan ($1.1B).

The fastest growing import markets in Oils petroleum, bituminous, distillates, except crude for Philippines between 2021 and 2022 were South Korea ($2.86B), Japan ($878M), and Chinese Taipei ($734M).

COMPANIES In 2020, leading companies such as ABB MOTORS AND MECHANICAL INC (748), JP BODEN SERVICES INC (216), and ADIDAS INTERNATIONAL TRADING AG (65) were at the forefront of shipping Oils petroleum, bituminous, distillates, except crude from Philippines to the United States.

Latest Trends

Feb 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 Oils petroleum, bituminous, distillates, except crude. 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 (2022)$34.2M
IMPORTS (2022)$13.9B
NET TRADE (2022)-$13.8B

In 2022, Philippines exported $34.2M in Oils petroleum, bituminous, distillates, except crude. The main destinations of Philippines exports on Oils petroleum, bituminous, distillates, except crude were Singapore ($13.3M), China ($12M), Malaysia ($6.23M), South Korea ($1.46M), and Kenya ($418k).

In 2022, Philippines imported $13.9B in Oils petroleum, bituminous, distillates, except crude, mainly from South Korea ($4.55B), China ($2.44B), Singapore ($2.06B), Chinese Taipei ($1.16B), and Japan ($1.1B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oils petroleum, bituminous, distillates, except crude EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$11.9M (15.3k%)
Singapore$7.73M (139%)
South Korea$1.13M (346%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oils petroleum, bituminous, distillates, except crude BY Philippines WERE (2021 - 2022):
New Zealand-$576k (-98.6%)
Papua New Guinea-$213k (-100%)
Australia-$145k (-93.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Philippines's main exporting competitors in Oils petroleum, bituminous, distillates, except crude were:
In 2022, Philippines's main importing competitors in Oils petroleum, bituminous, distillates, except crude were:

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Trade Value of Oils petroleum, bituminous, distillates, except crude by Exporters

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