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2022
Exports $726kWorld Rnk 83 / 161
Flag Rnk 634 / 1127
2022
Destination $516k Malaysia
2021 - 2022
FASTEST GROWING MARKET $516kMalaysia
2022
PRODUCT COMPLEXITY IN Other Inorganic Acids0.33Rnk 431 / 1025
2022
Imports $25MWorld Rnk 45 / 214
Flag Rnk 533 / 1201
2022
Origin $2.72M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $2.72MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $726k in Other Inorganic Acids, making it the 83rd largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 634th most exported product in Philippines. The main destination of Other Inorganic Acids exports from Philippines are: Malaysia ($518k), Netherlands ($91k), United States ($28.7k), Chinese Taipei ($26k), and Australia ($13k).

The fastest growing export markets for Other Inorganic Acids of Philippines between 2021 and 2022 were Malaysia ($516k), Netherlands ($90.9k), and Chinese Taipei ($26k).

Imports In 2022, Philippines imported $25M in Other Inorganic Acids, becoming the 45th largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 533rd most imported product in Philippines. Philippines imports Other Inorganic Acids primarily from: South Korea ($10.1M), China ($6.08M), Chinese Taipei ($3.3M), India ($1.73M), and United States ($829k).

The fastest growing import markets in Other Inorganic Acids for Philippines between 2021 and 2022 were South Korea ($2.72M), China ($2.22M), and Chinese Taipei ($775k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Other Inorganic Acids exports accounted up to $1.57k and imports accounted up to $1.89M, resulting in a negative trade balance of $1.89M. Between August 2022 and August 2024 the exports of Philippines'   Other Inorganic Acids have decreased by $-24.2k (-93.9%) from $25.8k to $1.57k, while imports decreased by $-489k (-20.5%) from $2.38M to $1.89M.

Destinations In August 2024, Other Inorganic Acids were exported mostly to China ($1k), India ($541), and Vietnam ($32), and were imported mostly from South Korea ($860k), China ($319k), Thailand ($162k), India ($134k), and Chinese Taipei ($99.7k).

Growth In August 2024, the decrease in Other Inorganic Acids's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Other Inorganic Acids's year-by-year imports was explained primarily by a decrease in imports from China ($-114k or -16.4%), Chinese Taipei ($-27.7k or -6.76%), and Spain ($-23.1k or -98.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - August 2024)$-24.2k(-93.9%)
IMPORT GROWTH (August 2023 - August 2024)$-489k(-20.5%)
MAIN DESTINATION (August 2024)China$1k

This section shows Other Inorganic Acids'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$726k
IMPORTS (2022)$25M
NET TRADE (2022)-$24.2M

In 2022, Philippines exported $726k in Other Inorganic Acids. The main destinations of Philippines exports on Other Inorganic Acids were Malaysia ($518k), Netherlands ($91k), United States ($28.7k), Chinese Taipei ($26k), and Australia ($13k).

In 2022, Philippines imported $25M in Other Inorganic Acids, mainly from South Korea ($10.1M), China ($6.08M), Chinese Taipei ($3.3M), India ($1.73M), and United States ($829k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$516k (27k%)
Netherlands$90.9k (55.7k%)
Chinese Taipei$26k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids BY Philippines WERE (2021 - 2022):
Indonesia-$13.2k (-100%)
Brazil-$5.17k (-89.6%)
China-$4.99k (-89.6%)
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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 were:
China $1.9B
Germany $790M
Japan $453M
In 2022, Philippines's main importing competitors in Other Inorganic Acids were:
United States $760M
China $565M
South Korea $445M

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Trade Value of Other Inorganic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $212k
TOP IMPORT POTENTIALChina+ $3.62M

Other Inorganic Acids’s highest export potential is United States. With an export gap of $212k.   Other Inorganic Acids’s highest import potential is China with an import gap of $3.62M.

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