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2022
Exports $1.71MWorld Rnk 43 / 153
Flag Rnk 546 / 1127
2022
Destination $93.3k France
2021 - 2022
FASTEST GROWING MARKET $93.3kMorocco
2022
PRODUCT COMPLEXITY IN Insect Resins-2.5Rnk 1019 / 1025
2022
Imports $3.75MWorld Rnk 43 / 197
Flag Rnk 860 / 1201
2022
Origin $593k India
2021 - 2022
FASTEST GROWING ORIGIN $593kIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.71M in Insect Resins, making it the 43rd largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 546th most exported product in Philippines. The main destination of Insect Resins exports from Philippines are: France ($577k), India ($536k), Germany ($181k), Switzerland ($175k), and Spain ($105k).

The fastest growing export markets for Insect Resins of Philippines between 2021 and 2022 were Morocco ($93.3k), Germany ($67.2k), and Switzerland ($64.2k).

Imports In 2022, Philippines imported $3.75M in Insect Resins, becoming the 43rd largest importer of Insect Resins in the world. At the same year, Insect Resins was the 860th most imported product in Philippines. Philippines imports Insect Resins primarily from: India ($1.11M), Thailand ($721k), France ($658k), Indonesia ($385k), and Vietnam ($237k).

The fastest growing import markets in Insect Resins for Philippines between 2021 and 2022 were India ($593k), Thailand ($254k), and Nigeria ($11.2k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Insect Resins exports accounted up to $233k and imports accounted up to $125k, resulting in a positive trade balance of $108k. Between October 2023 and October 2024 the exports of Philippines'   Insect Resins have decreased by $-115k (-33.1%) from $348k to $233k, while imports increased by $15.2k (13.8%) from $110k to $125k.

Destinations In October 2024, Insect Resins were exported mostly to France ($108k), Spain ($81.6k), Germany ($43.5k), and Papua New Guinea ($180), and were imported mostly from France ($84.3k), Vietnam ($24.3k), Nigeria ($11.4k), South Korea ($3.67k), and Belgium ($1.52k).

Growth In October 2024, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from Vietnam ($34.9k or 148%), Thailand ($29.5k or 100%), and South Korea ($101 or 47%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-115k(-33.1%)
IMPORT GROWTH (October 2023 - October 2024)$15.2k(13.8%)
MAIN DESTINATION (October 2024)France$108k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.71M
IMPORTS (2022)$3.75M
NET TRADE (2022)-$2.03M

In 2022, Philippines exported $1.71M in Insect Resins. The main destinations of Philippines exports on Insect Resins were France ($577k), India ($536k), Germany ($181k), Switzerland ($175k), and Spain ($105k).

In 2022, Philippines imported $3.75M in Insect Resins, mainly from India ($1.11M), Thailand ($721k), France ($658k), Indonesia ($385k), and Vietnam ($237k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Morocco$93.3k (1%)
Germany$67.2k (58.9%)
Switzerland$64.2k (58.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Philippines WERE (2021 - 2022):
France-$115k (-16.7%)
India-$100k (-15.8%)
Turkey-$60k (-93.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Insect Resins were:
Sudan $194M
France $193M
Afghanistan $126M
In 2022, Philippines's main importing competitors in Insect Resins were:
India $260M
United States $157M
France $127M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $454k
TOP IMPORT POTENTIALIndia+ $410k

Insect Resins’s highest export potential is India. With an export gap of $454k.   Insect Resins’s highest import potential is India with an import gap of $410k.

See methodology.

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