Petroleum oils, oils from bituminous minerals, crude in Philippines

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Exports In 2022, Philippines exported $385M in Petroleum oils, oils from bituminous minerals, crude, making it the 57th largest exporter of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 37th most exported product in Philippines. The main destination of Petroleum oils, oils from bituminous minerals, crude exports from Philippines are: Thailand ($212M), Brunei ($115M), Malaysia ($46.5M), South Korea ($12.4M), and Canada ($26).

The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude of Philippines between 2021 and 2022 were Brunei ($93.5M), Malaysia ($46.5M), and Canada ($26).

Imports In 2022, Philippines imported $3.32B in Petroleum oils, oils from bituminous minerals, crude, becoming the 41st largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 4th most imported product in Philippines. Philippines imports Petroleum oils, oils from bituminous minerals, crude primarily from: Saudi Arabia ($1.63B), United Arab Emirates ($949M), Iraq ($370M), Malaysia ($150M), and Qatar ($100M).

The fastest growing import markets in Petroleum oils, oils from bituminous minerals, crude for Philippines between 2021 and 2022 were United Arab Emirates ($678M), Saudi Arabia ($595M), and Iraq ($337M).

COMPANIES In 2020, leading companies such as ABB MOTORS AND MECHANICAL INC (748), JP BODEN SERVICES INC (216), and ADIDAS INTERNATIONAL TRADING AG (65) were at the forefront of shipping Petroleum oils, oils from bituminous minerals, crude from Philippines to the United States.

Latest Trends

August 2021

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Overview In August 2021 Philippines' Petroleum oils, oils from bituminous minerals, crude exports accounted up to $19.5M and imports accounted up to $154M, resulting in a negative trade balance of $135M. Between July 2020 and August 2021 the exports of Philippines' Petroleum oils, oils from bituminous minerals, crude have increased by $12M (160%) from $7.5M to $19.5M, while imports decreased by $-157M (-50.5%) from $311M to $154M.

Destinations In August 2021, Petroleum oils, oils from bituminous minerals, crude were exported mostly to Thailand ($19.5M), and were imported mostly from Saudi Arabia ($119M) and Malaysia ($35.5M).

Growth In August 2021, the increase in Petroleum oils, oils from bituminous minerals, crude's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the decrease in Petroleum oils, oils from bituminous minerals, crude's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2020 - August 2021)$12M(160%)

IMPORT GROWTH (February 2020 - August 2021)$-157M(-50.5%)

MAIN DESTINATION (August 2021)Thailand$19.5M

This section shows Petroleum oils, oils from bituminous minerals, crude'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 oils, oils from bituminous minerals, crude over time.

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