Natural gums, resins & other vegetable extracts in Philippines

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Exports In 2022, Philippines exported $276M in Natural gums, resins & other vegetable extracts, making it the 9th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 31st most exported product in Philippines. The main destination of Natural gums, resins & other vegetable extracts exports from Philippines are: United States ($58.8M), Spain ($25.3M), Netherlands ($18.7M), Germany ($17.5M), and Mexico ($13.2M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Philippines between 2021 and 2022 were United States ($20.4M), Spain ($14.6M), and Mexico ($5.28M).

Imports In 2022, Philippines imported $68.6M in Natural gums, resins & other vegetable extracts, becoming the 32nd largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 79th most imported product in Philippines. Philippines imports Natural gums, resins & other vegetable extracts primarily from: China ($42M), Indonesia ($4.76M), France ($3.29M), India ($2.64M), and Denmark ($2.32M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Philippines between 2021 and 2022 were China ($15M), Denmark ($1.12M), and Italy ($867k).

Latest Trends

June 2024

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Overview In June 2024 Philippines' Natural gums, resins & other vegetable extracts exports accounted up to $17.5M and imports accounted up to $1.64M, resulting in a positive trade balance of $15.8M. Between June 2023 and June 2024 the exports of Philippines' Natural gums, resins & other vegetable extracts have decreased by $-5.11M (-22.6%) from $22.6M to $17.5M, while imports decreased by $-4.53M (-73.4%) from $6.17M to $1.64M.

Destinations In June 2024, Natural gums, resins & other vegetable extracts were exported mostly to United States ($5.04M), Mexico ($1.75M), Netherlands ($948k), Germany ($871k), and Brazil ($865k), and were imported mostly from Belgium ($419k), Denmark ($266k), France ($241k), Singapore ($200k), and United States ($159k).

Growth In June 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-2.69M or -87%), Mexico ($-617k or -36.3%), and United Kingdom ($-514k or -47.4%). In June 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year imports was explained primarily by a decrease in imports from United States ($-160k or -96%), Spain ($-139k or -83.3%), and Thailand ($-75k or -56%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-5.11M(-22.6%)

IMPORT GROWTH (June 2023 - June 2024)$-4.53M(-73.4%)

MAIN DESTINATION (June 2024)United States$5.04M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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