Palm Oil in Philippines | The Observatory of Economic Complexity

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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).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Palm Oil from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Palm Oil exports accounted up to $1.17M and imports accounted up to $53.1M, resulting in a negative trade balance of $51.9M. Between August 2020 and August 2021 the exports of Philippines' Palm Oil have decreased by $-322k (-21.6%) from $1.5M to $1.17M, while imports increased by $49.4M (1.33k%) from $3.71M to $53.1M.

Destinations In August 2021, Palm Oil were exported mostly to Malaysia ($1.17M) and Hong Kong ($444), and were imported mostly from Malaysia ($38.1M) and Indonesia ($15M).

Growth In August 2021, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-144k or -9.35%). In August 2021, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Indonesia ($753k or 78.7%), Malaysia ($233k or 29%), and Singapore ($60.1k or 281%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-322k(-21.6%)

IMPORT GROWTH (August 2020 - August 2021)$49.4M(1.33k%)

MAIN DESTINATION (August 2021)Malaysia$1.17M

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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

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).

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