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2022
Exports $68.8MWorld Rnk 8 / 152
Flag Rnk 143 / 1127
2022
Destination $5.37M China
2021 - 2022
FASTEST GROWING MARKET $5.37MChina
2022
PRODUCT COMPLEXITY IN Wood Charcoal-1.42Rnk 937 / 1025
2022
Imports $754kWorld Rnk 84 / 206
Flag Rnk 1024 / 1201
2022
Origin $150k China
2021 - 2022
FASTEST GROWING ORIGIN $150kSouth Africa
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $68.8M in Wood Charcoal, making it the 8th largest exporter of Wood Charcoal in the world. At the same year, Wood Charcoal was the 143rd most exported product in Philippines. The main destination of Wood Charcoal exports from Philippines are: China ($44.8M), Japan ($18.6M), South Korea ($2.8M), Turkey ($2.05M), and United States ($215k).

The fastest growing export markets for Wood Charcoal of Philippines between 2021 and 2022 were China ($5.37M), United States ($67.7k), and Iraq ($48k).

Imports In 2022, Philippines imported $754k in Wood Charcoal, becoming the 84th largest importer of Wood Charcoal in the world. At the same year, Wood Charcoal was the 1024th most imported product in Philippines. Philippines imports Wood Charcoal primarily from: China ($367k), South Africa ($181k), Vietnam ($89.9k), Indonesia ($72.9k), and Hong Kong ($28.2k).

The fastest growing import markets in Wood Charcoal for Philippines between 2021 and 2022 were South Africa ($150k), Vietnam ($89.9k), and Hong Kong ($28.2k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Wood Charcoal exports accounted up to $7.95M and imports accounted up to $10.4k, resulting in a positive trade balance of $7.94M. Between June 2023 and June 2024 the exports of Philippines'   Wood Charcoal have increased by $1.97M (32.9%) from $5.98M to $7.95M, while imports increased by $1.38k (15.2%) from $9.02k to $10.4k.

Destinations In June 2024, Wood Charcoal were exported mostly to China ($6.03M), Japan ($1.75M), South Korea ($160k), and Hong Kong ($9k), and were imported mostly from .

Growth In June 2024, the increase in Wood Charcoal's year-by-year exports was explained primarily by an increase in exports to Japan ($521k or 33.8%) and South Korea ($67.2k or 52.4%). In March 2024, the increase in Wood Charcoal's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.97M(32.9%)
IMPORT GROWTH (March 2023 - March 2024)$1.38k(15.2%)
MAIN DESTINATION (June 2024)China$6.03M

This section shows Wood Charcoal'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 Wood Charcoal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$68.8M
IMPORTS (2022)$754k
NET TRADE (2022)$68.1M

In 2022, Philippines exported $68.8M in Wood Charcoal. The main destinations of Philippines exports on Wood Charcoal were China ($44.8M), Japan ($18.6M), South Korea ($2.8M), Turkey ($2.05M), and United States ($215k).

In 2022, Philippines imported $754k in Wood Charcoal, mainly from China ($367k), South Africa ($181k), Vietnam ($89.9k), Indonesia ($72.9k), and Hong Kong ($28.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Charcoal EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$5.37M (13.6%)
United States$67.7k (45.9%)
Iraq$48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Charcoal BY Philippines WERE (2021 - 2022):
Sri Lanka-$2.49M (-100%)
Japan-$2.42M (-11.5%)
Vietnam-$1.06M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Wood Charcoal were:
Indonesia $400M
China $175M
Poland $94M
In 2022, Philippines's main importing competitors in Wood Charcoal were:
China $162M
Japan $122M
Saudi Arabia $117M

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Trade Value of Wood Charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $1.18M
TOP IMPORT POTENTIALChina+ $157k

Wood Charcoal’s highest export potential is South Korea. With an export gap of $1.18M.   Wood Charcoal’s highest import potential is China with an import gap of $157k.

See methodology.

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