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2023
Exports $2.45MWorld Rnk 61 / 128
Flag Rnk 482 / 1123
2023
Destination $581k Vietnam
2022 - 2023
FASTEST GROWING MARKET $581kVietnam
2023
PRODUCT COMPLEXITY IN Potassic Fertilizers-1.12Rnk 857 / 1025
2023
Imports $107MWorld Rnk 28 / 191
Flag Rnk 197 / 1202
2023
Origin $10.7M Canada
2022 - 2023
FASTEST GROWING ORIGIN $10.7MLaos
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.45M in Potassic Fertilizers, making it the 61st largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 482nd most exported product in Philippines. The main destination of Potassic Fertilizers exports from Philippines are: Vietnam ($837k), Thailand ($525k), Indonesia ($380k), Japan ($307k), and Malaysia ($270k).

The fastest growing export markets for Potassic Fertilizers of Philippines between 2022 and 2023 were Vietnam ($581k), Japan ($239k), and Indonesia ($202k).

Imports In 2023, Philippines imported $107M in Potassic Fertilizers, becoming the 28th largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 197th most imported product in Philippines. Philippines imports Potassic Fertilizers primarily from: Canada ($49.7M), Jordan ($20.2M), Laos ($18.1M), Malaysia ($3.29M), and Israel ($2.75M).

The fastest growing import markets in Potassic Fertilizers for Philippines between 2022 and 2023 were Laos ($10.7M), Chinese Taipei ($2.35M), and Uzbekistan ($1.09M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Potassic Fertilizers exports accounted up to $343k and imports accounted up to $7.09M, resulting in a negative trade balance of $6.75M. Between July 2023 and July 2024 the exports of Philippines'   Potassic Fertilizers have increased by $255k (290%) from $88k to $343k, while imports decreased by $-4.17M (-37%) from $11.3M to $7.09M.

Destinations In July 2024, Potassic Fertilizers were exported mostly to Australia ($159k), Thailand ($124k), Indonesia ($32.4k), and Malaysia ($27.6k), and were imported mostly from Canada ($3.25M), Belarus ($1.23M), Jordan ($830k), Germany ($778k), and Uzbekistan ($279k).

Growth In July 2024, the increase in Potassic Fertilizers's year-by-year exports was explained primarily by an increase in exports to Australia ($128k or 453%) and Malaysia ($20.2k or 128%). In July 2024, the decrease in Potassic Fertilizers'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)$255k(290%)
IMPORT GROWTH (July 2023 - July 2024)$-4.17M(-37%)
MAIN DESTINATION (July 2024)Australia$159k

This section shows Potassic Fertilizers'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 Potassic Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.45M
IMPORTS (2023)$107M
NET TRADE (2023)-$104M

In 2023, Philippines exported $2.45M in Potassic Fertilizers. The main destinations of Philippines exports on Potassic Fertilizers were Vietnam ($837k), Thailand ($525k), Indonesia ($380k), Japan ($307k), and Malaysia ($270k).

In 2023, Philippines imported $107M in Potassic Fertilizers, mainly from Canada ($49.7M), Jordan ($20.2M), Laos ($18.1M), Malaysia ($3.29M), and Israel ($2.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Vietnam$581k (226%)
Japan$239k (353%)
Indonesia$202k (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY Philippines WERE (2022 - 2023):
Australia-$130k (-63.7%)
Malaysia-$61.7k (-18.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Potassic Fertilizers were:
Canada $9.44B
Russia $4.3B
Belarus $2.01B
In 2023, Philippines's main importing competitors in Potassic Fertilizers were:
Brazil $5.65B
China $4.94B
United States $4.28B

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $325k
TOP IMPORT POTENTIALGermany+ $2.77M

Potassic Fertilizers’s highest export potential is Indonesia. With an export gap of $325k.   Potassic Fertilizers’s highest import potential is Germany with an import gap of $2.77M.

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