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2023
Exports $543MWorld Rnk 47 / 215
Flag Rnk 20 / 96
2023
Destination $9.91M China
2022 - 2023
FASTEST GROWING MARKET $9.91MIndia
2023
PRODUCT COMPLEXITY IN Organic chemicals1.84Rnk 10 / 1025
2023
Imports $1.19BWorld Rnk 49 / 225
Flag Rnk 22 / 96
2023
Origin $9.81M China
2022 - 2023
FASTEST GROWING ORIGIN $9.81MBrunei
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $543M in Organic chemicals, making it the 47th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 20th most exported product in Philippines. The main destination of Organic chemicals exports from Philippines are: China ($137M), Japan ($128M), United States ($50.4M), Chinese Taipei ($49.6M), and India ($46.3M).

The fastest growing export markets for Organic chemicals of Philippines between 2022 and 2023 were India ($9.91M), United States ($4.95M), and United Arab Emirates ($3.36M).

Imports In 2023, Philippines imported $1.19B in Organic chemicals, becoming the 49th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 22nd most imported product in Philippines. Philippines imports Organic chemicals primarily from: China ($389M), Japan ($211M), South Korea ($75.2M), Malaysia ($70.5M), and India ($55.9M).

The fastest growing import markets in Organic chemicals for Philippines between 2022 and 2023 were Brunei ($9.81M), Vietnam ($6.17M), and Brazil ($1.91M).

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

July 2024

About

Overview In July 2024 Philippines' Organic chemicals exports accounted up to $41M and imports accounted up to $120M, resulting in a negative trade balance of $79.4M. Between July 2023 and July 2024 the exports of Philippines'   Organic chemicals have increased by $26.1M (175%) from $14.9M to $41M, while imports increased by $22.1M (22.4%) from $98.3M to $120M.

Destinations In July 2024, Organic chemicals were exported mostly to China ($14.2M), United States ($5.92M), Japan ($5.81M), Netherlands ($3.97M), and Chinese Taipei ($3.36M), and were imported mostly from China ($42.5M), Japan ($19.2M), South Korea ($8.05M), Malaysia ($6.38M), and Singapore ($5.53M).

Growth In July 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 July 2024, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from India ($2.53M or 95.7%), Brazil ($2.4M or 419%), and Malaysia ($1.88M or 30%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$26.1M(175%)
IMPORT GROWTH (July 2023 - July 2024)$22.1M(22.4%)
MAIN DESTINATION (July 2024)China$14.2M

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 (2023)$543M
IMPORTS (2023)$1.19B
NET TRADE (2023)-$645M

In 2023, Philippines exported $543M in Organic chemicals. The main destinations of Philippines exports on Organic chemicals were China ($137M), Japan ($128M), United States ($50.4M), Chinese Taipei ($49.6M), and India ($46.3M).

In 2023, Philippines imported $1.19B in Organic chemicals, mainly from China ($389M), Japan ($211M), South Korea ($75.2M), Malaysia ($70.5M), and India ($55.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$9.91M (27.2%)
United States$4.95M (10.9%)
United Arab Emirates$3.36M (402%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Philippines WERE (2022 - 2023):
Japan-$60.3M (-32.1%)
China-$55.5M (-28.8%)
Singapore-$32.6M (-58.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Organic chemicals were:
China $95.6B
United States $49.5B
Ireland $40.2B
In 2023, Philippines's main importing competitors in Organic chemicals were:
United States $61.7B
China $45.8B
Germany $42.6B

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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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