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2022
Exports $2.04BWorld Rnk 67 / 226
Flag Rnk 9 / 21
2022
Destination $63.8M Japan
2021 - 2022
FASTEST GROWING MARKET $63.8MJapan
2022
PRODUCT COMPLEXITY IN Chemical Products2.43Rnk 1 / 1025
2022
Imports $10.6BWorld Rnk 42 / 226
Flag Rnk 5 / 21
2022
Origin $80.1M China
2021 - 2022
FASTEST GROWING ORIGIN $80.1MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.04B in Chemical Products, making it the 67th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 9th most exported product in Philippines. The main destination of Chemical Products exports from Philippines are: Japan ($325M), China ($316M), United States ($164M), India ($143M), and Chinese Taipei ($105M).

The fastest growing export markets for Chemical Products of Philippines between 2021 and 2022 were Japan ($63.8M), China ($44.2M), and Singapore ($41.4M).

Imports In 2022, Philippines imported $10.6B in Chemical Products, becoming the 42nd largest importer of Chemical Products in the world. At the same year, Chemical Products was the 5th most imported product in Philippines. Philippines imports Chemical Products primarily from: China ($2.61B), Japan ($862M), Indonesia ($749M), United States ($680M), and South Korea ($658M).

The fastest growing import markets in Chemical Products for Philippines between 2021 and 2022 were Indonesia ($80.1M), Vietnam ($73.8M), and India ($51.1M).

COMPANIES In 2023, leading companies such as Brother Industries (7), Yokohama Industries (5), and Panasonic (3) were at the forefront of shipping Chemical Products from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Chemical Products exports accounted up to $119M and imports accounted up to $919M, resulting in a negative trade balance of $801M. Between October 2023 and October 2024 the exports of Philippines'   Chemical Products have increased by $12.6M (11.9%) from $106M to $119M, while imports increased by $65.2M (7.64%) from $854M to $919M.

Destinations In October 2024, Chemical Products were exported mostly to China ($25.5M), Japan ($22.8M), Indonesia ($13.4M), United States ($7.75M), and India ($7.53M), and were imported mostly from China ($188M), Indonesia ($80.4M), Thailand ($62.2M), Japan ($62M), and Singapore ($59M).

Growth In October 2024, the increase in Chemical Products's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($2.74M or 178%), Australia ($1.78M or 61.9%), and Germany ($619k or 21.6%). In October 2024, the increase in Chemical Products's year-by-year imports was explained primarily by an increase in imports from Canada ($15.5M or 1.23k%), Qatar ($10.3M or 26.5k%), and Sweden ($6.66M or 418%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$12.6M(11.9%)
IMPORT GROWTH (October 2023 - October 2024)$65.2M(7.64%)
MAIN DESTINATION (October 2024)China$25.5M

This section shows Chemical Products'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 Chemical Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.04B
IMPORTS (2022)$10.6B
NET TRADE (2022)-$8.55B

In 2022, Philippines exported $2.04B in Chemical Products. The main destinations of Philippines exports on Chemical Products were Japan ($325M), China ($316M), United States ($164M), India ($143M), and Chinese Taipei ($105M).

In 2022, Philippines imported $10.6B in Chemical Products, mainly from China ($2.61B), Japan ($862M), Indonesia ($749M), United States ($680M), and South Korea ($658M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$63.8M (24.4%)
China$44.2M (16.2%)
Singapore$41.4M (91.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Philippines WERE (2021 - 2022):
Chinese Taipei-$27.2M (-20.5%)
Thailand-$10.8M (-14.6%)
Spain-$9.26M (-65.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Chemical Products were:
Germany $249B
China $248B
United States $237B
In 2022, Philippines's main importing competitors in Chemical Products were:
United States $324B
Germany $172B
China $161B

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $206M
TOP IMPORT POTENTIALChina+ $534M

Chemical Products’s highest export potential is China. With an export gap of $206M.   Chemical Products’s highest import potential is China with an import gap of $534M.

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