2022
Exports
$64.1MWorld Rnk 81 / 217
Flag Rnk 148 / 1127
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.3BWorld Rnk 49 / 224
Flag Rnk 20 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $64.1M in Packaged Medicaments, making it the 81st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 148th most exported product in Philippines. The main destination of Packaged Medicaments exports from Philippines are: Indonesia ($7.66M), Thailand ($7.01M), Australia ($6.64M), Singapore ($5.9M), and United States ($5.67M).

The fastest growing export markets for Packaged Medicaments of Philippines between 2021 and 2022 were United States ($5.48M), Australia ($2.8M), and India ($2.67M).

Imports In 2022, Philippines imported $1.3B in Packaged Medicaments, becoming the 49th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 20th most imported product in Philippines. Philippines imports Packaged Medicaments primarily from: India ($267M), Germany ($160M), China ($132M), Indonesia ($93.2M), and France ($77.7M).

The fastest growing import markets in Packaged Medicaments for Philippines between 2021 and 2022 were France ($28M), United States ($18.8M), and India ($16.9M).

Latest Trends

December 2022

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2021 - December 2022)$-585k(-13.2%)
IMPORT GROWTH (December 2021 - December 2022)$23.2M(21.4%)
MAIN DESTINATION (December 2022)Australia$876k

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.1M
IMPORTS (2022)$1.3B
NET TRADE (2022)-$1.24B

In 2022, Philippines exported $64.1M in Packaged Medicaments. The main destinations of Philippines exports on Packaged Medicaments were Indonesia ($7.66M), Thailand ($7.01M), Australia ($6.64M), Singapore ($5.9M), and United States ($5.67M).

In 2022, Philippines imported $1.3B in Packaged Medicaments, mainly from India ($267M), Germany ($160M), China ($132M), Indonesia ($93.2M), and France ($77.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$5.48M (2.85k%)
Australia$2.8M (72.9%)
India$2.67M (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Philippines WERE (2021 - 2022):
Thailand-$1.2M (-14.6%)
Papua New Guinea-$800k (-55.4%)
Burma-$340k (-9.42%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Packaged Medicaments were:
In 2022, Philippines's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

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