Soap in   Philippines

Overview In June 2024 Philippines' Soap exports accounted up to $3.25M and imports accounted up to $5.11M, resulting in a negative trade balance of $1.86M. Between June 2023 and June 2024 the exports of Philippines'   Soap have increased by $1.34M (69.8%) from $1.91M to $3.25M, while imports decreased by $-12.7M (-71.3%) from $17.8M to $5.11M.

Destinations In June 2024, Soap were exported mostly to Indonesia ($1.3M), Nigeria ($432k), Singapore ($369k), United Arab Emirates ($259k), and Saudi Arabia ($187k), and were imported mostly from Thailand ($1.98M), United States ($1.09M), Vietnam ($748k), Germany ($461k), and South Korea ($226k).

Growth In June 2024, the increase in Soap's year-by-year exports was explained primarily by an increase in exports to Indonesia ($751k or 210%), Cambodia ($89.7k or 7k%), and Malaysia ($57.3k or 785%). In June 2024, the decrease in Soap's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-4.23M or -54.1%), Malaysia ($-1.65M or -41.3%), and Germany ($-468k or -62.2%).