2023
Exports
$477kWorld Rnk 64 / 117
Flag Rnk 666 / 1123
2023
PRODUCT COMPLEXITY IN Rapeseed Oil
0.16Rnk 502 / 1025
2023
Imports
$36.8MWorld Rnk 31 / 209
Flag Rnk 393 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $477k in Rapeseed Oil, making it the 64th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 666th most exported product in Philippines. The main destination of Rapeseed Oil exports from Philippines are: Germany ($358k), Malaysia ($86.4k), Macau ($15.7k), Russia ($6.17k), and Guatemala ($5.53k).

The fastest growing export markets for Rapeseed Oil of Philippines between 2022 and 2023 were Germany ($358k), Malaysia ($86.4k), and Russia ($6.17k).

Imports In 2023, Philippines imported $36.8M in Rapeseed Oil, becoming the 31st largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 393rd most imported product in Philippines. Philippines imports Rapeseed Oil primarily from: Malaysia ($18.6M), Singapore ($6.95M), United Kingdom ($2.77M), Austria ($2.33M), and Australia ($1.69M).

The fastest growing import markets in Rapeseed Oil for Philippines between 2022 and 2023 were Austria ($1.57M), Spain ($1.08M), and Germany ($432k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rapeseed Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$477k
IMPORTS (2023)$36.8M
NET TRADE (2023)-$36.3M

In 2023, Philippines exported $477k in Rapeseed Oil. The main destinations of Philippines exports on Rapeseed Oil were Germany ($358k), Malaysia ($86.4k), Macau ($15.7k), Russia ($6.17k), and Guatemala ($5.53k).

In 2023, Philippines imported $36.8M in Rapeseed Oil, mainly from Malaysia ($18.6M), Singapore ($6.95M), United Kingdom ($2.77M), Austria ($2.33M), and Australia ($1.69M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Germany$358k (1%)
Malaysia$86.4k (1%)
Russia$6.17k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Philippines WERE (2022 - 2023):
Singapore-$6.59k (-100%)
Australia-$4.24k (-100%)
Guatemala-$159 (-2.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Rapeseed Oil were:
Canada $5.22B
Russia $1.59B
Germany $1.47B
In 2023, Philippines's main importing competitors in Rapeseed Oil were:

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $4.81k
TOP IMPORT POTENTIALCanada+ $1.5M

Rapeseed Oil’s highest export potential is Singapore. With an export gap of $4.81k.   Rapeseed Oil’s highest import potential is Canada with an import gap of $1.5M.

See methodology.

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