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2022
Exports $1.76MWorld Rnk 78 / 186
Flag Rnk 543 / 1127
2022
Destination $40.2k United States
2021 - 2022
FASTEST GROWING MARKET $40.2kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils-0.9Rnk 810 / 1025
2022
Imports $19.5MWorld Rnk 48 / 221
Flag Rnk 578 / 1201
2022
Origin $2.74M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $2.74MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.76M in Other Pure Vegetable Oils, making it the 78th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 543rd most exported product in Philippines. The main destination of Other Pure Vegetable Oils exports from Philippines are: United States ($1.47M), China ($58.6k), United Arab Emirates ($44.4k), Peru ($30.6k), and Kuwait ($30.6k).

The fastest growing export markets for Other Pure Vegetable Oils of Philippines between 2021 and 2022 were United Arab Emirates ($40.2k), Switzerland ($28.1k), and Kuwait ($23.1k).

Imports In 2022, Philippines imported $19.5M in Other Pure Vegetable Oils, becoming the 48th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 578th most imported product in Philippines. Philippines imports Other Pure Vegetable Oils primarily from: Malaysia ($5.7M), China ($5.51M), Spain ($2.29M), Singapore ($1.34M), and South Korea ($954k).

The fastest growing import markets in Other Pure Vegetable Oils for Philippines between 2021 and 2022 were Malaysia ($2.74M), China ($2.46M), and Spain ($1.26M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Pure Vegetable Oils exports accounted up to $140 and imports accounted up to $912k, resulting in a negative trade balance of $912k. Between April 2021 and July 2024 the exports of Philippines'   Other Pure Vegetable Oils have decreased by $-7.68M (-100%) from $7.68M to $140, while imports decreased by $-230k (-20.1%) from $1.14M to $912k.

Destinations In July 2024, Other Pure Vegetable Oils were exported mostly to , and were imported mostly from China ($304k), Malaysia ($195k), Chinese Taipei ($136k), Belgium ($114k), and Singapore ($72.3k).

Growth In July 2024, the decrease in Other Pure Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the decrease in Other Pure Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from Australia ($-84.5k or -97.9%), Chinese Taipei ($-38.9k or -39.5%), and United States ($-15.9k or -82.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2021 - July 2024)$-7.68M(-100%)
IMPORT GROWTH (September 2023 - September 2024)$-230k(-20.1%)
MAIN DESTINATION (July 2024)

This section shows Other Pure Vegetable Oils'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 Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.76M
IMPORTS (2022)$19.5M
NET TRADE (2022)-$17.7M

In 2022, Philippines exported $1.76M in Other Pure Vegetable Oils. The main destinations of Philippines exports on Other Pure Vegetable Oils were United States ($1.47M), China ($58.6k), United Arab Emirates ($44.4k), Peru ($30.6k), and Kuwait ($30.6k).

In 2022, Philippines imported $19.5M in Other Pure Vegetable Oils, mainly from Malaysia ($5.7M), China ($5.51M), Spain ($2.29M), Singapore ($1.34M), and South Korea ($954k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Arab Emirates$40.2k (943%)
Switzerland$28.1k (1.79k%)
Kuwait$23.1k (306%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY Philippines WERE (2021 - 2022):
United States-$33.6M (-95.8%)
Germany-$6.33M (-99.8%)
United Kingdom-$3.6M (-99.9%)
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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 Pure Vegetable Oils were:
India $1.28B
United States $905M
Mexico $308M
In 2022, Philippines's main importing competitors in Other Pure Vegetable Oils were:
United States $868M
China $620M
Kuwait $416M

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $628k
TOP IMPORT POTENTIALIndia+ $1.03M

Other Pure Vegetable Oils’s highest export potential is United States. With an export gap of $628k.   Other Pure Vegetable Oils’s highest import potential is India with an import gap of $1.03M.

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