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2022
Exports $155MWorld Rnk 55 / 226
Flag Rnk 42 / 96
2022
Destination $11.6M United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $11.6MBelgium
2022
PRODUCT COMPLEXITY IN Perfumery & cosmetics0.49Rnk 370 / 1025
2022
Imports $1.1BWorld Rnk 32 / 225
Flag Rnk 31 / 96
2022
Origin $53.6M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $53.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $155M in Perfumery & cosmetics, making it the 55th largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 42nd most exported product in Philippines. The main destination of Perfumery & cosmetics exports from Philippines are: United Arab Emirates ($15.6M), Singapore ($14.6M), United States ($13.9M), Belgium ($13.3M), and Australia ($12.7M).

The fastest growing export markets for Perfumery & cosmetics of Philippines between 2021 and 2022 were Belgium ($11.6M), United States ($6.76M), and Kuwait ($6.69M).

Imports In 2022, Philippines imported $1.1B in Perfumery & cosmetics, becoming the 32nd largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 31st most imported product in Philippines. Philippines imports Perfumery & cosmetics primarily from: Singapore ($291M), Thailand ($260M), China ($151M), United States ($75.3M), and Indonesia ($68.6M).

The fastest growing import markets in Perfumery & cosmetics for Philippines between 2021 and 2022 were China ($53.6M), Singapore ($19.7M), and South Korea ($19.6M).

COMPANIES In 2023, leading companies such as JP Boden Services (1) were at the forefront of shipping Perfumery & cosmetics from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Perfumery & cosmetics exports accounted up to $10.1M and imports accounted up to $124M, resulting in a negative trade balance of $113M. Between October 2023 and October 2024 the exports of Philippines'   Perfumery & cosmetics have increased by $1.74M (20.9%) from $8.34M to $10.1M, while imports increased by $6.32M (5.39%) from $117M to $124M.

Destinations In October 2024, Perfumery & cosmetics were exported mostly to Japan ($1.81M), Australia ($1.58M), Belgium ($1.5M), Singapore ($1.12M), and United Arab Emirates ($805k), and were imported mostly from Singapore ($33.8M), Thailand ($30.8M), China ($15.7M), Indonesia ($11.1M), and United States ($6.48M).

Growth In October 2024, the increase in Perfumery & cosmetics's year-by-year exports was explained primarily by an increase in exports to Turkey ($286k or 1.96k%), France ($197k or 538%), and Brazil ($169k or 42.4%). In October 2024, the increase in Perfumery & cosmetics's year-by-year imports was explained primarily by an increase in imports from Singapore ($8.33M or 50.7%), Indonesia ($2.65M or 43%), and India ($2.16M or 356%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.74M(20.9%)
IMPORT GROWTH (October 2023 - October 2024)$6.32M(5.39%)
MAIN DESTINATION (October 2024)Japan$1.81M

This section shows Perfumery & cosmetics'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 Perfumery & cosmetics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$155M
IMPORTS (2022)$1.1B
NET TRADE (2022)-$944M

In 2022, Philippines exported $155M in Perfumery & cosmetics. The main destinations of Philippines exports on Perfumery & cosmetics were United Arab Emirates ($15.6M), Singapore ($14.6M), United States ($13.9M), Belgium ($13.3M), and Australia ($12.7M).

In 2022, Philippines imported $1.1B in Perfumery & cosmetics, mainly from Singapore ($291M), Thailand ($260M), China ($151M), United States ($75.3M), and Indonesia ($68.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Belgium$11.6M (689%)
United States$6.76M (94.9%)
Kuwait$6.69M (386%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY Philippines WERE (2021 - 2022):
United Arab Emirates-$2.7M (-14.7%)
Hong Kong-$1.85M (-60.6%)
Nigeria-$1.1M (-46.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Perfumery & cosmetics were:
France $23.4B
United States $14B
Germany $11.5B
In 2022, Philippines's main importing competitors in Perfumery & cosmetics were:
United States $17.8B
China $14B
Germany $8.42B

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.3M
TOP IMPORT POTENTIALChina+ $37.6M

Perfumery & cosmetics’s highest export potential is United States. With an export gap of $14.3M.   Perfumery & cosmetics’s highest import potential is China with an import gap of $37.6M.

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