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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

August 2024

About

Overview In August 2024 Philippines' Palm Oil exports accounted up to $6.09M and imports accounted up to $87.5M, resulting in a negative trade balance of $81.4M. Between August 2023 and August 2024 the exports of Philippines'   Palm Oil have increased by $5.12M (529%) from $968k to $6.09M, while imports increased by $22.9M (35.5%) from $64.6M to $87.5M.

Destinations In August 2024, Palm Oil were exported mostly to India ($5.42M), China ($642k), and Guam ($27.8k), and were imported mostly from Malaysia ($60.4M), Indonesia ($27M), and Singapore ($125k).

Growth In August 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$5.12M(529%)
IMPORT GROWTH (August 2023 - August 2024)$22.9M(35.5%)
MAIN DESTINATION (August 2024)India$5.42M

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
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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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%)
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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

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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.

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