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2022
Exports $23.5MWorld Rnk 90 / 160
Flag Rnk 239 / 1127
2022
Destination $11.1M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $11.1MChinese Taipei
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $1.31BWorld Rnk 49 / 222
Flag Rnk 19 / 1201
2022
Origin $61.3M China
2021 - 2022
FASTEST GROWING ORIGIN $61.3MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $23.5M in Petroleum Gas, making it the 90th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 239th most exported product in Philippines. The main destination of Petroleum Gas exports from Philippines are: Chinese Taipei ($11.1M), China ($9.83M), South Korea ($1.94M), Canada ($305k), and Hungary ($227k).

The fastest growing export markets for Petroleum Gas of Philippines between 2021 and 2022 were Chinese Taipei ($11.1M), Hungary ($227k), and Canada ($66.9k).

Imports In 2022, Philippines imported $1.31B in Petroleum Gas, becoming the 49th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 19th most imported product in Philippines. Philippines imports Petroleum Gas primarily from: China ($267M), United Arab Emirates ($230M), Brunei ($190M), Saudi Arabia ($145M), and Kuwait ($88.9M).

The fastest growing import markets in Petroleum Gas for Philippines between 2021 and 2022 were United Arab Emirates ($61.3M), Malaysia ($51.6M), and Nigeria ($48M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Petroleum Gas exports accounted up to $3.06M and imports accounted up to $166M, resulting in a negative trade balance of $163M. Between August 2023 and August 2024 the exports of Philippines'   Petroleum Gas have decreased by $-378k (-11%) from $3.44M to $3.06M, while imports increased by $55.4M (49.9%) from $111M to $166M.

Destinations In August 2024, Petroleum Gas were exported mostly to Chinese Taipei ($1.6M) and South Korea ($1.46M), and were imported mostly from China ($47.7M), Nigeria ($42.7M), Saudi Arabia ($40.3M), Kuwait ($15.9M), and Brunei ($12M).

Growth In August 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-378k(-11%)
IMPORT GROWTH (August 2023 - August 2024)$55.4M(49.9%)
MAIN DESTINATION (August 2024)Chinese Taipei$1.6M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.5M
IMPORTS (2022)$1.31B
NET TRADE (2022)-$1.29B

In 2022, Philippines exported $23.5M in Petroleum Gas. The main destinations of Philippines exports on Petroleum Gas were Chinese Taipei ($11.1M), China ($9.83M), South Korea ($1.94M), Canada ($305k), and Hungary ($227k).

In 2022, Philippines imported $1.31B in Petroleum Gas, mainly from China ($267M), United Arab Emirates ($230M), Brunei ($190M), Saudi Arabia ($145M), and Kuwait ($88.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$11.1M (1%)
Hungary$227k (1%)
Canada$66.9k (28.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Philippines WERE (2021 - 2022):
South Korea-$15.8M (-89%)
China-$11.1M (-53%)
Japan-$1.56M (-99.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, Philippines's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.7M
TOP IMPORT POTENTIALMalaysia+ $27.4M

Petroleum Gas’s highest export potential is China. With an export gap of $10.7M.   Petroleum Gas’s highest import potential is Malaysia with an import gap of $27.4M.

See methodology.

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