2023
Exports
$44.9MWorld Rnk 83 / 163
Flag Rnk 176 / 1123
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$1.6BWorld Rnk 44 / 220
Flag Rnk 13 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $44.9M in Petroleum Gas, making it the 83rd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 176th most exported product in Philippines. The main destination of Petroleum Gas exports from Philippines are: China ($20.3M), Chinese Taipei ($12.4M), Singapore ($10.4M), Indonesia ($1.6M), and Canada ($55.4k).

The fastest growing export markets for Petroleum Gas of Philippines between 2022 and 2023 were Singapore ($10.4M), China ($9.8M), and Indonesia ($1.6M).

Imports In 2023, Philippines imported $1.6B in Petroleum Gas, becoming the 44th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 13th most imported product in Philippines. Philippines imports Petroleum Gas primarily from: China ($225M), United Arab Emirates ($207M), Saudi Arabia ($168M), Qatar ($158M), and Brunei ($150M).

The fastest growing import markets in Petroleum Gas for Philippines between 2022 and 2023 were Oman ($114M), United States ($88.4M), and Qatar ($65.1M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$364k(12.1%)
IMPORT GROWTH (July 2023 - July 2024)$86.3M(76.1%)
MAIN DESTINATION (July 2024)South Korea$1.68M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$44.9M
IMPORTS (2023)$1.6B
NET TRADE (2023)-$1.56B

In 2023, Philippines exported $44.9M in Petroleum Gas. The main destinations of Philippines exports on Petroleum Gas were China ($20.3M), Chinese Taipei ($12.4M), Singapore ($10.4M), Indonesia ($1.6M), and Canada ($55.4k).

In 2023, Philippines imported $1.6B in Petroleum Gas, mainly from China ($225M), United Arab Emirates ($207M), Saudi Arabia ($168M), Qatar ($158M), and Brunei ($150M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$10.4M (104M%)
China$9.8M (93%)
Indonesia$1.6M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Philippines WERE (2022 - 2023):
South Korea-$1.97M (-100%)
Canada-$293k (-84.1%)
Hungary-$258k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Petroleum Gas were:
In 2023, Philippines's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.7M
TOP IMPORT POTENTIALMalaysia+ $27.4M

Petroleum Gas’s highest export potential is China. With an export gap of $10.7M.   Petroleum Gas’s highest import potential is Malaysia with an import gap of $27.4M.

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