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2022
Exports $726MWorld Rnk 46 / 214
Flag Rnk 19 / 96
2022
Destination $38.6M Japan
2021 - 2022
FASTEST GROWING MARKET $38.6MSingapore
2022
PRODUCT COMPLEXITY IN Organic chemicals1.95Rnk 8 / 1025
2022
Imports $1.62BWorld Rnk 45 / 225
Flag Rnk 21 / 96
2022
Origin $98.9M China
2021 - 2022
FASTEST GROWING ORIGIN $98.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $726M in Organic chemicals, making it the 46th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 19th most exported product in Philippines. The main destination of Organic chemicals exports from Philippines are: Japan ($185M), China ($180M), Chinese Taipei ($60M), Singapore ($51.5M), and United States ($42M).

The fastest growing export markets for Organic chemicals of Philippines between 2021 and 2022 were Singapore ($38.6M), Japan ($23.3M), and China ($20.1M).

Imports In 2022, Philippines imported $1.62B in Organic chemicals, becoming the 45th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 21st most imported product in Philippines. Philippines imports Organic chemicals primarily from: China ($501M), Japan ($278M), Singapore ($105M), South Korea ($102M), and Malaysia ($86.5M).

The fastest growing import markets in Organic chemicals for Philippines between 2021 and 2022 were China ($98.9M), Saudi Arabia ($26.5M), and United States ($19.6M).

COMPANIES In 2023, leading companies such as Yokohama Industries (5), Michael Kors (3), and Panasonic (2) were at the forefront of shipping Organic chemicals from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Organic chemicals exports accounted up to $47.4M and imports accounted up to $110M, resulting in a negative trade balance of $62.9M. Between August 2023 and August 2024 the exports of Philippines'   Organic chemicals have increased by $6.12M (14.8%) from $41.3M to $47.4M, while imports decreased by $-2.62M (-2.32%) from $113M to $110M.

Destinations In August 2024, Organic chemicals were exported mostly to China ($13.8M), Japan ($7.74M), South Korea ($7.74M), Netherlands ($5.33M), and India ($4.79M), and were imported mostly from China ($41.7M), Japan ($16.1M), Malaysia ($6.82M), Indonesia ($5.85M), and Chinese Taipei ($5.76M).

Growth In August 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($2.58M or 1.32k%), Indonesia ($278k or 63%), and Malaysia ($203k or 77.8%). In August 2024, the decrease in Organic chemicals's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-16.6M or -82.8%), Saudi Arabia ($-8.54M or -97.8%), and United Arab Emirates ($-7.41M or -99.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$6.12M(14.8%)
IMPORT GROWTH (August 2023 - August 2024)$-2.62M(-2.32%)
MAIN DESTINATION (August 2024)China$13.8M

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$726M
IMPORTS (2022)$1.62B
NET TRADE (2022)-$899M

In 2022, Philippines exported $726M in Organic chemicals. The main destinations of Philippines exports on Organic chemicals were Japan ($185M), China ($180M), Chinese Taipei ($60M), Singapore ($51.5M), and United States ($42M).

In 2022, Philippines imported $1.62B in Organic chemicals, mainly from China ($501M), Japan ($278M), Singapore ($105M), South Korea ($102M), and Malaysia ($86.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$38.6M (300%)
Japan$23.3M (14.4%)
China$20.1M (12.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Philippines WERE (2021 - 2022):
Chinese Taipei-$39M (-39.4%)
Spain-$9.78M (-77.8%)
Colombia-$4.83M (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Organic chemicals were:
China $110B
United States $51.7B
Ireland $45.7B
In 2022, Philippines's main importing competitors in Organic chemicals were:
United States $68.6B
China $51.6B
Germany $47.2B

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $112M
TOP IMPORT POTENTIALChina+ $173M

Organic chemicals’s highest export potential is China. With an export gap of $112M.   Organic chemicals’s highest import potential is China with an import gap of $173M.

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