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2023
Exports $6.58MWorld Rnk 59 / 187
Flag Rnk 362 / 1123
2023
Destination $6.2M Malaysia
2022 - 2023
FASTEST GROWING MARKET $6.2MMalaysia
2023
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils-1.06Rnk 848 / 1025
2023
Imports $12.4MWorld Rnk 55 / 223
Flag Rnk 621 / 1202
2023
Origin $201k China
2022 - 2023
FASTEST GROWING ORIGIN $201kChinese Taipei
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $6.58M in Other Pure Vegetable Oils, making it the 59th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 362nd most exported product in Philippines. The main destination of Other Pure Vegetable Oils exports from Philippines are: Malaysia ($6.2M), United States ($156k), Austria ($46.6k), United Arab Emirates ($36.2k), and Peru ($33.7k).

The fastest growing export markets for Other Pure Vegetable Oils of Philippines between 2022 and 2023 were Malaysia ($6.2M), Russia ($13.3k), and Poland ($12.7k).

Imports In 2023, Philippines imported $12.4M in Other Pure Vegetable Oils, becoming the 55th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 621st most imported product in Philippines. Philippines imports Other Pure Vegetable Oils primarily from: China ($5.79M), Malaysia ($1.89M), Chinese Taipei ($808k), Singapore ($716k), and Spain ($707k).

The fastest growing import markets in Other Pure Vegetable Oils for Philippines between 2022 and 2023 were Chinese Taipei ($201k), Morocco ($122k), and Turkey ($26.2k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Pure Vegetable Oils exports accounted up to $140 and imports accounted up to $1.21M, resulting in a negative trade balance of $1.21M. Between April 2021 and July 2024 the exports of Philippines'   Other Pure Vegetable Oils have decreased by $-7.68M (-100%) from $7.68M to $140, while imports increased by $392k (48.2%) from $813k to $1.21M.

Destinations In July 2024, Other Pure Vegetable Oils were exported mostly to South Korea ($140), and were imported mostly from China ($639k), Spain ($148k), Malaysia ($145k), Singapore ($91.6k), and Italy ($41.1k).

Growth In July 2024, the decrease in Other Pure Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from China ($385k or 53.6%), Malaysia ($115k or 49.5%), and Singapore ($64.6k or 177%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2021 - July 2024)$-7.68M(-100%)
IMPORT GROWTH (July 2023 - July 2024)$392k(48.2%)
MAIN DESTINATION (July 2024)South Korea$140

This section shows Other Pure Vegetable Oils'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 Other Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.58M
IMPORTS (2023)$12.4M
NET TRADE (2023)-$5.82M

In 2023, Philippines exported $6.58M in Other Pure Vegetable Oils. The main destinations of Philippines exports on Other Pure Vegetable Oils were Malaysia ($6.2M), United States ($156k), Austria ($46.6k), United Arab Emirates ($36.2k), and Peru ($33.7k).

In 2023, Philippines imported $12.4M in Other Pure Vegetable Oils, mainly from China ($5.79M), Malaysia ($1.89M), Chinese Taipei ($808k), Singapore ($716k), and Spain ($707k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Malaysia$6.2M (1%)
Russia$13.3k (1%)
Poland$12.7k (3.14k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY Philippines WERE (2022 - 2023):
United States-$1.31M (-89.3%)
China-$36.5k (-100%)
Switzerland-$22.9k (-77.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Other Pure Vegetable Oils were:
India $1.17B
United States $491M
Mexico $396M
In 2023, Philippines's main importing competitors in Other Pure Vegetable Oils were:
United States $929M
China $649M
France $391M

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $628k
TOP IMPORT POTENTIALIndia+ $1.03M

Other Pure Vegetable Oils’s highest export potential is United States. With an export gap of $628k.   Other Pure Vegetable Oils’s highest import potential is India with an import gap of $1.03M.

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