Sign In
Pricing

2022
Exports $43.8MWorld Rnk 39 / 149
Flag Rnk 178 / 1127
2022
Destination $13.9M Singapore
2021 - 2022
FASTEST GROWING MARKET $13.9MSingapore
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $1.37BWorld Rnk 9 / 208
Flag Rnk 17 / 1201
2022
Origin $260M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $260MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $43.8M in Palm Oil, making it the 39th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 178th most exported product in Philippines. The main destination of Palm Oil exports from Philippines are: Singapore ($17.6M), India ($10.6M), Malaysia ($5.21M), Kenya ($3.63M), and Spain ($2.87M).

The fastest growing export markets for Palm Oil of Philippines between 2021 and 2022 were Singapore ($13.9M), India ($4.11M), and Spain ($2.87M).

Imports In 2022, Philippines imported $1.37B in Palm Oil, becoming the 9th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 17th most imported product in Philippines. Philippines imports Palm Oil primarily from: Malaysia ($787M), Indonesia ($583M), Singapore ($1.04M), United States ($8.56k), and Chinese Taipei ($1.78k).

The fastest growing import markets in Palm Oil for Philippines between 2021 and 2022 were Malaysia ($260M), Singapore ($658k), and United States ($8.38k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Palm Oil exports accounted up to $852k and imports accounted up to $57M, resulting in a negative trade balance of $56.1M. Between July 2023 and July 2024 the exports of Philippines'   Palm Oil have decreased by $-5.49M (-86.6%) from $6.34M to $852k, while imports decreased by $-17.2M (-23.2%) from $74.1M to $57M.

Destinations In July 2024, Palm Oil were exported mostly to China ($441k), India ($389k), Pakistan ($17.9k), Hong Kong ($2.09k), and Macau ($2.09k), and were imported mostly from Malaysia ($41.6M), Indonesia ($15.2M), and Singapore ($152k).

Growth In July 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-7.82M or -21.4%) and Malaysia ($-1.99M or -4.69%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-5.49M(-86.6%)
IMPORT GROWTH (July 2023 - July 2024)$-17.2M(-23.2%)
MAIN DESTINATION (July 2024)China$441k

This section shows Palm Oil'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 Palm Oil over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$43.8M
IMPORTS (2022)$1.37B
NET TRADE (2022)-$1.33B

In 2022, Philippines exported $43.8M in Palm Oil. The main destinations of Philippines exports on Palm Oil were Singapore ($17.6M), India ($10.6M), Malaysia ($5.21M), Kenya ($3.63M), and Spain ($2.87M).

In 2022, Philippines imported $1.37B in Palm Oil, mainly from Malaysia ($787M), Indonesia ($583M), Singapore ($1.04M), United States ($8.56k), and Chinese Taipei ($1.78k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$13.9M (380%)
India$4.11M (63.5%)
Spain$2.87M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Philippines WERE (2021 - 2022):
Malaysia-$8.66M (-62.5%)
Sri Lanka-$4.36M (-100%)
Cameroon-$1.68M (-100%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Philippines's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

Explore Visualizations

Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.9M
TOP IMPORT POTENTIALIndonesia+ $57.1M

Palm Oil’s highest export potential is India. With an export gap of $13.9M.   Palm Oil’s highest import potential is Indonesia with an import gap of $57.1M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms