2021
Exports | Imports
$12.2M | $9.04BWorld Rnk 132 / 218
Flag Rnk 298 / 1111
World Rnk 22 / 226
Flag Rnk 2 / 1203
2021
ECONOMIC COMPLEXITY of Philippines
0.72Rnk 37 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Philippines exported $12.2M in Refined Petroleum, making it the 132nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 298th most exported product in Philippines. The main destination of Refined Petroleum exports from Philippines are: Singapore ($5.49M), Malaysia ($5.32M), New Zealand ($581k), South Korea ($322k), and Australia ($155k).

The fastest growing export markets for Refined Petroleum of Philippines between 2020 and 2021 were New Zealand ($574k), Australia ($120k), and Solomon Islands ($15.1k).

Imports In 2021, Philippines imported $9.04B in Refined Petroleum, becoming the 22nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Philippines. Philippines imports Refined Petroleum primarily from: China ($3.28B), South Korea ($1.68B), Singapore ($1.36B), Malaysia ($658M), and Thailand ($496M).

The fastest growing import markets in Refined Petroleum for Philippines between 2020 and 2021 were South Korea ($859M), China ($848M), and Singapore ($554M).

Latest Trends

August 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2020 - August 2021)$74.6k(27.5%)
IMPORT GROWTH (August 2020 - August 2021)$399M(88.2%)
MAIN DESTINATION (August 2021)Malaysia$305k

This section shows Refined Petroleum'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 Refined Petroleum over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2021)$12.2M
IMPORTS (2021)$9.04B
NET TRADE (2021)-$9.03B

In 2021, Philippines exported $12.2M in Refined Petroleum. The main destinations of Philippines exports on Refined Petroleum were Singapore ($5.49M), Malaysia ($5.32M), New Zealand ($581k), South Korea ($322k), and Australia ($155k).

In 2021, Philippines imported $9.04B in Refined Petroleum, mainly from China ($3.28B), South Korea ($1.68B), Singapore ($1.36B), Malaysia ($658M), and Thailand ($496M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
New Zealand$574k (7.71k%)
Australia$120k (347%)
Solomon Islands$15.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Philippines WERE (2020 - 2021):
Malaysia-$76.3M (-93.5%)
Singapore-$42.3M (-88.5%)
Japan-$14.7M (-99.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Philippines's main exporting competitors in Refined Petroleum were:
In 2021, Philippines's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with