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2022
Exports $364kWorld Rnk 78 / 183
Flag Rnk 703 / 1127
2022
Destination $70.1k Singapore
2021 - 2022
FASTEST GROWING MARKET $70.1kUnited States
2022
PRODUCT COMPLEXITY IN Vitamins1.04Rnk 153 / 1025
2022
Imports $103MWorld Rnk 26 / 212
Flag Rnk 266 / 1201
2022
Origin $2.22M China
2021 - 2022
FASTEST GROWING ORIGIN $2.22MNetherlands
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $364k in Vitamins, making it the 78th largest exporter of Vitamins in the world. At the same year, Vitamins was the 703rd most exported product in Philippines. The main destination of Vitamins exports from Philippines are: Singapore ($157k), United States ($81.3k), New Zealand ($26k), Nigeria ($25.6k), and Sierra Leone ($17.3k).

The fastest growing export markets for Vitamins of Philippines between 2021 and 2022 were United States ($70.1k), Sierra Leone ($17.3k), and New Zealand ($17.1k).

Imports In 2022, Philippines imported $103M in Vitamins, becoming the 26th largest importer of Vitamins in the world. At the same year, Vitamins was the 266th most imported product in Philippines. Philippines imports Vitamins primarily from: China ($48.9M), Singapore ($12.8M), United States ($7.6M), Switzerland ($6.25M), and Germany ($5.35M).

The fastest growing import markets in Vitamins for Philippines between 2021 and 2022 were Netherlands ($2.22M), United States ($2.15M), and Switzerland ($1.08M).

COMPANIES In 2023, leading companies such as Walgreens (1) were at the forefront of shipping Vitamins from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Vitamins exports accounted up to $2.19k and imports accounted up to $1.1M, resulting in a negative trade balance of $1.1M. Between September 2022 and June 2024 the exports of Philippines'   Vitamins have decreased by $-7.88k (-78.2%) from $10.1k to $2.19k, while imports decreased by $-3.51M (-76.2%) from $4.61M to $1.1M.

Destinations In June 2024, Vitamins were exported mostly to Hong Kong ($2.19k), and were imported mostly from Spain ($264k), Germany ($212k), Switzerland ($211k), Singapore ($124k), and India ($119k).

Growth In June 2024, the decrease in Vitamins's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Vitamins's year-by-year imports was explained primarily by a decrease in imports from China ($-1.06M or -24.2%), United Kingdom ($-773k or -94.7%), and Switzerland ($-453k or -72.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2022 - June 2024)$-7.88k(-78.2%)
IMPORT GROWTH (June 2023 - June 2024)$-3.51M(-76.2%)
MAIN DESTINATION (June 2024)Hong Kong$2.19k

This section shows Vitamins'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 Vitamins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$364k
IMPORTS (2022)$103M
NET TRADE (2022)-$102M

In 2022, Philippines exported $364k in Vitamins. The main destinations of Philippines exports on Vitamins were Singapore ($157k), United States ($81.3k), New Zealand ($26k), Nigeria ($25.6k), and Sierra Leone ($17.3k).

In 2022, Philippines imported $103M in Vitamins, mainly from China ($48.9M), Singapore ($12.8M), United States ($7.6M), Switzerland ($6.25M), and Germany ($5.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vitamins EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$70.1k (626%)
Sierra Leone$17.3k (1%)
New Zealand$17.1k (191%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vitamins BY Philippines WERE (2021 - 2022):
Singapore-$958k (-86%)
Vietnam-$184k (-100%)
Cyprus-$85.9k (-95.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Vitamins were:
China $3.61B
Netherlands $1.1B
Germany $1.08B
In 2022, Philippines's main importing competitors in Vitamins were:
United States $1.59B
Germany $782M
Netherlands $769M

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Trade Value of Vitamins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $64.6k
TOP IMPORT POTENTIALChina+ $7.34M

Vitamins’s highest export potential is Singapore. With an export gap of $64.6k.   Vitamins’s highest import potential is China with an import gap of $7.34M.

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