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2023
Exports $18.3MWorld Rnk 35 / 155
Flag Rnk 259 / 1123
2023
Destination $537k Canada
2022 - 2023
FASTEST GROWING MARKET $537kNetherlands
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.29Rnk 898 / 1025
2023
Imports $52.3MWorld Rnk 26 / 217
Flag Rnk 331 / 1202
2023
Origin $157k Malaysia
2022 - 2023
FASTEST GROWING ORIGIN $157kIndia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $18.3M in Other Vegetable Oils, making it the 35th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 259th most exported product in Philippines. The main destination of Other Vegetable Oils exports from Philippines are: Canada ($7.1M), United States ($6.25M), Japan ($821k), Australia ($747k), and South Korea ($588k).

The fastest growing export markets for Other Vegetable Oils of Philippines between 2022 and 2023 were Netherlands ($537k), Australia ($311k), and Japan ($272k).

Imports In 2023, Philippines imported $52.3M in Other Vegetable Oils, becoming the 26th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 331st most imported product in Philippines. Philippines imports Other Vegetable Oils primarily from: Malaysia ($31.4M), Indonesia ($19.7M), India ($484k), Spain ($227k), and Singapore ($223k).

The fastest growing import markets in Other Vegetable Oils for Philippines between 2022 and 2023 were India ($157k), Burma ($74.5k), and China ($23k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Vegetable Oils exports accounted up to $3.22M and imports accounted up to $3.7M, resulting in a negative trade balance of $480k. Between July 2023 and July 2024 the exports of Philippines'   Other Vegetable Oils have increased by $599k (22.9%) from $2.62M to $3.22M, while imports decreased by $-605k (-14%) from $4.31M to $3.7M.

Destinations In July 2024, Other Vegetable Oils were exported mostly to United States ($809k), Canada ($724k), Australia ($689k), Netherlands ($589k), and Germany ($161k), and were imported mostly from Malaysia ($1.92M), Indonesia ($1.7M), Spain ($63.3k), United States ($8.32k), and Singapore ($6.73k).

Growth In July 2024, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to United States ($247k or 136%), Canada ($127k or 169%), and Australia ($25.5k or 90%). In July 2024, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$599k(22.9%)
IMPORT GROWTH (July 2023 - July 2024)$-605k(-14%)
MAIN DESTINATION (July 2024)United States$809k

This section shows Other 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 Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$18.3M
IMPORTS (2023)$52.3M
NET TRADE (2023)-$34M

In 2023, Philippines exported $18.3M in Other Vegetable Oils. The main destinations of Philippines exports on Other Vegetable Oils were Canada ($7.1M), United States ($6.25M), Japan ($821k), Australia ($747k), and South Korea ($588k).

In 2023, Philippines imported $52.3M in Other Vegetable Oils, mainly from Malaysia ($31.4M), Indonesia ($19.7M), India ($484k), Spain ($227k), and Singapore ($223k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Netherlands$537k (10.7k%)
Australia$311k (71.3%)
Japan$272k (49.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Philippines WERE (2022 - 2023):
Germany-$2.31M (-81.8%)
United States-$1.42M (-18.5%)
Singapore-$1.23M (-70.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Other Vegetable Oils were:
Indonesia $1.42B
Malaysia $1.08B
Netherlands $354M
In 2023, Philippines's main importing competitors in Other Vegetable Oils were:
China $947M
Malaysia $244M
Netherlands $213M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.03M
TOP IMPORT POTENTIALIndonesia+ $5.99M

Other Vegetable Oils’s highest export potential is China. With an export gap of $1.03M.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $5.99M.

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