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2022
Exports $23.8MWorld Rnk 20 / 120
Flag Rnk 237 / 1127
2022
Destination $3.26M China
2021 - 2022
FASTEST GROWING MARKET $3.26MSouth Korea
2022
PRODUCT COMPLEXITY IN Glycerol0.072Rnk 529 / 1025
2022
Imports $39MWorld Rnk 23 / 197
Flag Rnk 435 / 1201
2022
Origin $15.5M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $15.5MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $23.8M in Glycerol, making it the 20th largest exporter of Glycerol in the world. At the same year, Glycerol was the 237th most exported product in Philippines. The main destination of Glycerol exports from Philippines are: China ($10.1M), Japan ($4.34M), South Korea ($4.06M), United States ($1.95M), and Thailand ($1.12M).

The fastest growing export markets for Glycerol of Philippines between 2021 and 2022 were South Korea ($3.26M), China ($3.02M), and United States ($1.95M).

Imports In 2022, Philippines imported $39M in Glycerol, becoming the 23rd largest importer of Glycerol in the world. At the same year, Glycerol was the 435th most imported product in Philippines. Philippines imports Glycerol primarily from: Indonesia ($27.9M), Malaysia ($8.82M), South Korea ($1.43M), Thailand ($516k), and Singapore ($132k).

The fastest growing import markets in Glycerol for Philippines between 2021 and 2022 were Indonesia ($15.5M), Malaysia ($4.22M), and South Korea ($747k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Glycerol exports accounted up to $370k and imports accounted up to $152, resulting in a positive trade balance of $370k. Between June 2023 and June 2024 the exports of Philippines'   Glycerol have increased by $103k (38.7%) from $267k to $370k, while imports decreased by $-541 (-78.1%) from $693 to $152.

Destinations In June 2024, Glycerol were exported mostly to China ($349k) and India ($21.2k), and were imported mostly from France ($152).

Growth In June 2024, the increase in Glycerol's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Glycerol's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-126k or -38.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$103k(38.7%)
IMPORT GROWTH (March 2023 - June 2024)$-541(-78.1%)
MAIN DESTINATION (June 2024)China$349k

This section shows Glycerol'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 Glycerol over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.8M
IMPORTS (2022)$39M
NET TRADE (2022)-$15.1M

In 2022, Philippines exported $23.8M in Glycerol. The main destinations of Philippines exports on Glycerol were China ($10.1M), Japan ($4.34M), South Korea ($4.06M), United States ($1.95M), and Thailand ($1.12M).

In 2022, Philippines imported $39M in Glycerol, mainly from Indonesia ($27.9M), Malaysia ($8.82M), South Korea ($1.43M), Thailand ($516k), and Singapore ($132k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glycerol EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$3.26M (406%)
China$3.02M (43%)
United States$1.95M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glycerol BY Philippines WERE (2021 - 2022):
Malaysia-$2.52M (-81.8%)
Japan-$752k (-14.8%)
Singapore-$133k (-77.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Glycerol were:
Indonesia $1.58B
Malaysia $652M
Germany $577M
In 2022, Philippines's main importing competitors in Glycerol were:
China $1.34B
United States $388M
Netherlands $368M

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Trade Value of Glycerol by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.46M
TOP IMPORT POTENTIALIndonesia+ $532k

Glycerol’s highest export potential is China. With an export gap of $3.46M.   Glycerol’s highest import potential is Indonesia with an import gap of $532k.

See methodology.

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