Methyl alcohol in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $1.32M in Methyl alcohol, making it the 62nd largest exporter of Methyl alcohol in the world. At the same year, Methyl alcohol was the 1183rd most exported product in Philippines. The main destination of Methyl alcohol exports from Philippines are: Malaysia ($1.26M), Qatar ($57.8k), and Singapore ($3).

The fastest growing export markets for Methyl alcohol of Philippines between 2021 and 2022 were Malaysia ($545k) and Singapore ($3).

Imports In 2022, Philippines imported $71.3M in Methyl alcohol, becoming the 27th largest importer of Methyl alcohol in the world. At the same year, Methyl alcohol was the 382nd most imported product in Philippines. Philippines imports Methyl alcohol primarily from: Malaysia ($42M), Brunei ($12.2M), Indonesia ($6.56M), China ($4.83M), and Saudi Arabia ($4.52M).

The fastest growing import markets in Methyl alcohol for Philippines between 2021 and 2022 were Malaysia ($7.54M), China ($3.75M), and Saudi Arabia ($2.18M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Methyl alcohol from Philippines to the United States.

Latest Trends

April 2024

About

Overview In April 2024 Philippines' Methyl alcohol exports accounted up to $188k and imports accounted up to $1.14M, resulting in a negative trade balance of $949k. Between March 2021 and April 2024 the exports of Philippines' Methyl alcohol have decreased by $-294k (-61%) from $482k to $188k, while imports decreased by $-7.44M (-86.7%) from $8.58M to $1.14M.

Destinations In April 2024, Methyl alcohol were exported mostly to , and were imported mostly from Brunei ($979k), Singapore ($58.7k), Vietnam ($29.5k), Pakistan ($29.2k), and Chinese Taipei ($11.8k).

Growth In April 2024, the decrease in Methyl alcohol's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Methyl alcohol's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-59.9k or -67.4%), Chinese Taipei ($-24k or -93.5%), and South Korea ($-16.8k or -96%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2021 - April 2024)$-294k(-61%)

IMPORT GROWTH (June 2023 - June 2024)$-7.44M(-86.7%)

MAIN DESTINATION (April 2024)

This section shows Methyl alcohol'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 Methyl alcohol over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.32M

IMPORTS (2022)$71.3M

NET TRADE (2022)-$70M

In 2022, Philippines exported $1.32M in Methyl alcohol. The main destinations of Philippines exports on Methyl alcohol were Malaysia ($1.26M), Qatar ($57.8k), and Singapore ($3).

In 2022, Philippines imported $71.3M in Methyl alcohol, mainly from Malaysia ($42M), Brunei ($12.2M), Indonesia ($6.56M), China ($4.83M), and Saudi Arabia ($4.52M).

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