2023
Exports
$54.8kWorld Rnk 109 / 150
Flag Rnk 879 / 1123
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$19.6MWorld Rnk 83 / 216
Flag Rnk 519 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $54.8k in Seed Oils, making it the 109th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 879th most exported product in Philippines. The main destination of Seed Oils exports from Philippines are: Canada ($51.7k), Guatemala ($2.39k), Switzerland ($586), Spain ($72), and Maldives ($48).

The fastest growing export markets for Seed Oils of Philippines between 2022 and 2023 were Canada ($47.5k), Guatemala ($2.39k), and Denmark ($2).

Imports In 2023, Philippines imported $19.6M in Seed Oils, becoming the 83rd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 519th most imported product in Philippines. Philippines imports Seed Oils primarily from: Hungary ($5.18M), Bosnia and Herzegovina ($4.33M), Germany ($2.46M), Malaysia ($2.23M), and Spain ($1.87M).

The fastest growing import markets in Seed Oils for Philippines between 2022 and 2023 were Hungary ($4.57M), Germany ($1.51M), and Spain ($393k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Seed Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$54.8k
IMPORTS (2023)$19.6M
NET TRADE (2023)-$19.5M

In 2023, Philippines exported $54.8k in Seed Oils. The main destinations of Philippines exports on Seed Oils were Canada ($51.7k), Guatemala ($2.39k), Switzerland ($586), Spain ($72), and Maldives ($48).

In 2023, Philippines imported $19.6M in Seed Oils, mainly from Hungary ($5.18M), Bosnia and Herzegovina ($4.33M), Germany ($2.46M), Malaysia ($2.23M), and Spain ($1.87M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Canada$47.5k (1.12k%)
Guatemala$2.39k (1%)
Denmark$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Philippines WERE (2022 - 2023):
Switzerland-$533 (-47.6%)
India-$104 (-100%)
Belgium-$41 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Philippines's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $4.57k
TOP IMPORT POTENTIALTurkey+ $842k

Seed Oils’s highest export potential is Canada. With an export gap of $4.57k.   Seed Oils’s highest import potential is Turkey with an import gap of $842k.

See methodology.

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