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2023
Exports $150MWorld Rnk 28 / 126
Flag Rnk 75 / 1123
2023
Destination $12M China
2022 - 2023
FASTEST GROWING MARKET $12MIndia
2023
PRODUCT COMPLEXITY IN Cyclic Hydrocarbons0.44Rnk 388 / 1025
2023
Imports $15.7MWorld Rnk 54 / 187
Flag Rnk 569 / 1202
2023
Origin $839k Japan
2022 - 2023
FASTEST GROWING ORIGIN $839kJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $150M in Cyclic Hydrocarbons, making it the 28th largest exporter of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 75th most exported product in Philippines. The main destination of Cyclic Hydrocarbons exports from Philippines are: China ($64.8M), India ($37.3M), Singapore ($15.8M), United States ($12.7M), and Chinese Taipei ($12.1M).

The fastest growing export markets for Cyclic Hydrocarbons of Philippines between 2022 and 2023 were India ($12M), United States ($9.95M), and United Arab Emirates ($3.86M).

Imports In 2023, Philippines imported $15.7M in Cyclic Hydrocarbons, becoming the 54th largest importer of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 569th most imported product in Philippines. Philippines imports Cyclic Hydrocarbons primarily from: Japan ($3.86M), Indonesia ($3.2M), South Korea ($2.83M), Chinese Taipei ($2.69M), and China ($1.36M).

The fastest growing import markets in Cyclic Hydrocarbons for Philippines between 2022 and 2023 were Japan ($839k), South Korea ($808k), and United States ($76.2k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Cyclic Hydrocarbons exports accounted up to $8.5M and imports accounted up to $1.29M, resulting in a positive trade balance of $7.22M. Between March 2023 and July 2024 the exports of Philippines'   Cyclic Hydrocarbons have increased by $5.35M (170%) from $3.15M to $8.5M, while imports decreased by $-77.5k (-5.69%) from $1.36M to $1.29M.

Destinations In July 2024, Cyclic Hydrocarbons were exported mostly to China ($6.69M), Indonesia ($1.76M), and India ($57.1k), and were imported mostly from Japan ($340k), South Korea ($292k), Indonesia ($241k), Chinese Taipei ($160k), and China ($83.9k).

Growth In July 2024, the increase in Cyclic Hydrocarbons's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Cyclic Hydrocarbons's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-181k or -68.2%), Chinese Taipei ($-112k or -48.7%), and Thailand ($-40.8k or -96%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - July 2024)$5.35M(170%)
IMPORT GROWTH (July 2023 - July 2024)$-77.5k(-5.69%)
MAIN DESTINATION (July 2024)China$6.69M

This section shows Cyclic Hydrocarbons'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 Cyclic Hydrocarbons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$150M
IMPORTS (2023)$15.7M
NET TRADE (2023)$134M

In 2023, Philippines exported $150M in Cyclic Hydrocarbons. The main destinations of Philippines exports on Cyclic Hydrocarbons were China ($64.8M), India ($37.3M), Singapore ($15.8M), United States ($12.7M), and Chinese Taipei ($12.1M).

In 2023, Philippines imported $15.7M in Cyclic Hydrocarbons, mainly from Japan ($3.86M), Indonesia ($3.2M), South Korea ($2.83M), Chinese Taipei ($2.69M), and China ($1.36M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cyclic Hydrocarbons EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$12M (47.5%)
United States$9.95M (356%)
United Arab Emirates$3.86M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Hydrocarbons BY Philippines WERE (2022 - 2023):
China-$27.9M (-30.1%)
Indonesia-$6.21M (-76%)
Chinese Taipei-$2.57M (-17.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Cyclic Hydrocarbons were:
South Korea $9.35B
Japan $3.95B
Saudi Arabia $2.87B
In 2023, Philippines's main importing competitors in Cyclic Hydrocarbons were:
China $13.9B
United States $4.44B
India $2.88B

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Trade Value of Cyclic Hydrocarbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $51.9M
TOP IMPORT POTENTIALSouth Korea+ $2.36M

Cyclic Hydrocarbons’s highest export potential is China. With an export gap of $51.9M.   Cyclic Hydrocarbons’s highest import potential is South Korea with an import gap of $2.36M.

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