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2022
Exports $1.74MWorld Rnk 65 / 130
Flag Rnk 545 / 1127
2022
Destination $137k Thailand
2021 - 2022
FASTEST GROWING MARKET $137kIndonesia
2022
PRODUCT COMPLEXITY IN Potassic Fertilizers-0.82Rnk 785 / 1025
2022
Imports $131MWorld Rnk 33 / 189
Flag Rnk 215 / 1201
2022
Origin $23.6M Canada
2021 - 2022
FASTEST GROWING ORIGIN $23.6MCanada
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.74M in Potassic Fertilizers, making it the 65th largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 545th most exported product in Philippines. The main destination of Potassic Fertilizers exports from Philippines are: Thailand ($549k), Malaysia ($341k), Australia ($307k), Vietnam ($267k), and Indonesia ($201k).

The fastest growing export markets for Potassic Fertilizers of Philippines between 2021 and 2022 were Indonesia ($137k), Malaysia ($123k), and Thailand ($101k).

Imports In 2022, Philippines imported $131M in Potassic Fertilizers, becoming the 33rd largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 215th most imported product in Philippines. Philippines imports Potassic Fertilizers primarily from: Canada ($67.6M), Jordan ($27.5M), Vietnam ($12M), Laos ($6.46M), and Malaysia ($3.77M).

The fastest growing import markets in Potassic Fertilizers for Philippines between 2021 and 2022 were Canada ($23.6M), Jordan ($13.1M), and Vietnam ($11.1M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Potassic Fertilizers exports accounted up to $494k and imports accounted up to $11.5M, resulting in a negative trade balance of $11M. Between August 2023 and August 2024 the exports of Philippines'   Potassic Fertilizers have increased by $281k (132%) from $213k to $494k, while imports increased by $3.99M (53.4%) from $7.48M to $11.5M.

Destinations In August 2024, Potassic Fertilizers were exported mostly to Vietnam ($217k), Australia ($120k), Thailand ($84.2k), Japan ($58.6k), and Malaysia ($13.8k), and were imported mostly from Canada ($7.22M), Vietnam ($2.14M), Laos ($810k), Jordan ($598k), and Germany ($488k).

Growth In August 2024, the increase in Potassic Fertilizers's year-by-year exports was explained primarily by an increase in exports to Australia ($128k or 453%) and Malaysia ($20.2k or 128%). In August 2024, the increase in Potassic Fertilizers's year-by-year imports was explained primarily by an increase in imports from Canada ($13.5M or 806k%), Uzbekistan ($2.58M or 1.12k%), and Germany ($578k or 213%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$281k(132%)
IMPORT GROWTH (August 2023 - August 2024)$3.99M(53.4%)
MAIN DESTINATION (August 2024)Vietnam$217k

This section shows Potassic Fertilizers'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 Potassic Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.74M
IMPORTS (2022)$131M
NET TRADE (2022)-$129M

In 2022, Philippines exported $1.74M in Potassic Fertilizers. The main destinations of Philippines exports on Potassic Fertilizers were Thailand ($549k), Malaysia ($341k), Australia ($307k), Vietnam ($267k), and Indonesia ($201k).

In 2022, Philippines imported $131M in Potassic Fertilizers, mainly from Canada ($67.6M), Jordan ($27.5M), Vietnam ($12M), Laos ($6.46M), and Malaysia ($3.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$137k (212%)
Malaysia$123k (56.7%)
Thailand$101k (22.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY Philippines WERE (2021 - 2022):
Japan-$385k (-82.8%)
Australia-$351k (-53.4%)
India-$66.2k (-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 Potassic Fertilizers were:
Canada $13.4B
Russia $4.93B
Germany $2.73B
In 2022, Philippines's main importing competitors in Potassic Fertilizers were:
Brazil $7.59B
United States $6.3B
China $4.13B

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $325k
TOP IMPORT POTENTIALGermany+ $2.77M

Potassic Fertilizers’s highest export potential is Indonesia. With an export gap of $325k.   Potassic Fertilizers’s highest import potential is Germany with an import gap of $2.77M.

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