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2023
Exports $18.7kWorld Rnk 139 / 186
Flag Rnk 956 / 1123
2023
Destination $1.18k United States
2022 - 2023
FASTEST GROWING MARKET $1.18kChina
2023
PRODUCT COMPLEXITY IN Salt-1.25Rnk 889 / 1025
2023
Imports $44.5MWorld Rnk 24 / 222
Flag Rnk 362 / 1202
2023
Origin $8.2M Australia
2022 - 2023
FASTEST GROWING ORIGIN $8.2MAustralia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $18.7k in Salt, making it the 139th largest exporter of Salt in the world. At the same year, Salt was the 956th most exported product in Philippines. The main destination of Salt exports from Philippines are: United States ($9.2k), Japan ($5.19k), Australia ($1.23k), China ($1.18k), and Singapore ($858).

The fastest growing export markets for Salt of Philippines between 2022 and 2023 were China ($1.18k), Australia ($1.17k), and Singapore ($857).

Imports In 2023, Philippines imported $44.5M in Salt, becoming the 24th largest importer of Salt in the world. At the same year, Salt was the 362nd most imported product in Philippines. Philippines imports Salt primarily from: Australia ($32.9M), China ($7.66M), Singapore ($1.54M), Thailand ($1.07M), and New Zealand ($788k).

The fastest growing import markets in Salt for Philippines between 2022 and 2023 were Australia ($8.2M), Singapore ($1.54M), and China ($335k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Salt exports accounted up to $1.21k and imports accounted up to $6.12M, resulting in a negative trade balance of $6.12M. Between April 2023 and July 2024 the exports of Philippines'   Salt have decreased by $-1.82k (-60.2%) from $3.02k to $1.21k, while imports increased by $2.38M (63.8%) from $3.73M to $6.12M.

Destinations In July 2024, Salt were exported mostly to Papua New Guinea ($1.04k) and South Korea ($169), and were imported mostly from Australia ($4.9M), China ($909k), New Zealand ($127k), Thailand ($84k), and Pakistan ($44.3k).

Growth In July 2024, the decrease in Salt's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Salt's year-by-year imports was explained primarily by an increase in imports from Australia ($899k or 46.8%) and China ($228k or 45.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - July 2024)$-1.82k(-60.2%)
IMPORT GROWTH (July 2023 - July 2024)$2.38M(63.8%)
MAIN DESTINATION (July 2024)Papua New Guinea$1.04k

This section shows Salt'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 Salt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$18.7k
IMPORTS (2023)$44.5M
NET TRADE (2023)-$44.5M

In 2023, Philippines exported $18.7k in Salt. The main destinations of Philippines exports on Salt were United States ($9.2k), Japan ($5.19k), Australia ($1.23k), China ($1.18k), and Singapore ($858).

In 2023, Philippines imported $44.5M in Salt, mainly from Australia ($32.9M), China ($7.66M), Singapore ($1.54M), Thailand ($1.07M), and New Zealand ($788k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Salt EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$1.18k (1%)
Australia$1.17k (2.09k%)
Singapore$857 (85.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salt BY Philippines WERE (2022 - 2023):
Chile-$92.9k (-100%)
Japan-$35k (-87.1%)
United States-$17.4k (-65.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Salt were:
Australia $570M
India $446M
Netherlands $401M
In 2023, Philippines's main importing competitors in Salt were:
United States $651M
China $405M
Japan $338M

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Trade Value of Salt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $53.2k
TOP IMPORT POTENTIALUnited States+ $368k

Salt’s highest export potential is United States. With an export gap of $53.2k.   Salt’s highest import potential is United States with an import gap of $368k.

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