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2022
Exports $38.2MWorld Rnk 7 / 108
Flag Rnk 195 / 1127
2022
Destination $511k China
2021 - 2022
FASTEST GROWING MARKET $511kGermany
2022
PRODUCT COMPLEXITY IN Other Inorganic Acids Salts1Rnk 169 / 1025
2022
Imports $12MWorld Rnk 26 / 187
Flag Rnk 683 / 1201
2022
Origin $2.04M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.04MGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $38.2M in Other Inorganic Acids Salts, making it the 7th largest exporter of Other Inorganic Acids Salts in the world. At the same year, Other Inorganic Acids Salts was the 195th most exported product in Philippines. The main destination of Other Inorganic Acids Salts exports from Philippines are: China ($34.1M), Singapore ($717k), Belgium ($696k), Hong Kong ($681k), and Germany ($511k).

The fastest growing export markets for Other Inorganic Acids Salts of Philippines between 2021 and 2022 were Germany ($511k), Belgium ($403k), and Turkey ($402k).

Imports In 2022, Philippines imported $12M in Other Inorganic Acids Salts, becoming the 26th largest importer of Other Inorganic Acids Salts in the world. At the same year, Other Inorganic Acids Salts was the 683rd most imported product in Philippines. Philippines imports Other Inorganic Acids Salts primarily from: Germany ($4.98M), South Korea ($1.85M), Thailand ($1.11M), China ($991k), and Turkey ($788k).

The fastest growing import markets in Other Inorganic Acids Salts for Philippines between 2021 and 2022 were Germany ($2.04M), Thailand ($918k), and China ($745k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Other Inorganic Acids Salts exports accounted up to $342k and imports accounted up to $912k, resulting in a negative trade balance of $570k. Between August 2023 and August 2024 the exports of Philippines'   Other Inorganic Acids Salts have decreased by $-113k (-24.8%) from $455k to $342k, while imports increased by $622k (214%) from $290k to $912k.

Destinations In August 2024, Other Inorganic Acids Salts were exported mostly to Singapore ($307k), New Zealand ($19.2k), and United States ($16.4k), and were imported mostly from Thailand ($632k), China ($95.8k), United States ($56.7k), Japan ($40.1k), and Brazil ($39.5k).

Growth In August 2024, the decrease in Other Inorganic Acids Salts's year-by-year exports was explained primarily by a decrease in exports to China ($-1.86M or -66.4%), Singapore ($-141k or -53.7%), and United States ($-28.4k or -53.7%). In August 2024, the increase in Other Inorganic Acids Salts's year-by-year imports was explained primarily by an increase in imports from Germany ($1.5M or 3.26M%), United States ($191k or 348%), and South Korea ($185k or 62.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-113k(-24.8%)
IMPORT GROWTH (August 2023 - August 2024)$622k(214%)
MAIN DESTINATION (August 2024)Singapore$307k

This section shows Other Inorganic Acids Salts'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 Other Inorganic Acids Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.2M
IMPORTS (2022)$12M
NET TRADE (2022)$26.2M

In 2022, Philippines exported $38.2M in Other Inorganic Acids Salts. The main destinations of Philippines exports on Other Inorganic Acids Salts were China ($34.1M), Singapore ($717k), Belgium ($696k), Hong Kong ($681k), and Germany ($511k).

In 2022, Philippines imported $12M in Other Inorganic Acids Salts, mainly from Germany ($4.98M), South Korea ($1.85M), Thailand ($1.11M), China ($991k), and Turkey ($788k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids Salts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$511k (1%)
Belgium$403k (137%)
Turkey$402k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids Salts BY Philippines WERE (2021 - 2022):
China-$3.48M (-9.25%)
Luxembourg-$405k (-100%)
Brazil-$174k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Inorganic Acids Salts were:
China $368M
Germany $290M
Netherlands $175M
In 2022, Philippines's main importing competitors in Other Inorganic Acids Salts were:
United States $181M
Netherlands $169M
China $140M

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Trade Value of Other Inorganic Acids Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $599k
TOP IMPORT POTENTIALChina+ $525k

Other Inorganic Acids Salts’s highest export potential is Germany. With an export gap of $599k.   Other Inorganic Acids Salts’s highest import potential is China with an import gap of $525k.

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