2022
Exports
$25.5kWorld Rnk 78 / 113
Flag Rnk 939 / 1127
2022
PRODUCT COMPLEXITY IN Rapeseed Oil
0.26Rnk 466 / 1025
2022
Imports
$65.1MWorld Rnk 26 / 208
Flag Rnk 344 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $25.5k in Rapeseed Oil, making it the 78th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 939th most exported product in Philippines. The main destination of Rapeseed Oil exports from Philippines are: Macau ($10.2k), Singapore ($6.31k), Guatemala ($5.1k), Australia ($3.85k), and Greece ($47).

The fastest growing export markets for Rapeseed Oil of Philippines between 2021 and 2022 were Guatemala ($5.1k), Australia ($3.85k), and Singapore ($427).

Imports In 2022, Philippines imported $65.1M in Rapeseed Oil, becoming the 26th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 344th most imported product in Philippines. Philippines imports Rapeseed Oil primarily from: Malaysia ($38.3M), Singapore ($11.9M), United Kingdom ($4.18M), Indonesia ($2.52M), and United States ($2.29M).

The fastest growing import markets in Rapeseed Oil for Philippines between 2021 and 2022 were Malaysia ($16.8M), Singapore ($4.34M), and United Kingdom ($2.79M).

Latest Trends

Sep 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 (2022)$25.5k
IMPORTS (2022)$65.1M
NET TRADE (2022)-$65M

In 2022, Philippines exported $25.5k in Rapeseed Oil. The main destinations of Philippines exports on Rapeseed Oil were Macau ($10.2k), Singapore ($6.31k), Guatemala ($5.1k), Australia ($3.85k), and Greece ($47).

In 2022, Philippines imported $65.1M in Rapeseed Oil, mainly from Malaysia ($38.3M), Singapore ($11.9M), United Kingdom ($4.18M), Indonesia ($2.52M), and United States ($2.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Guatemala$5.1k (1%)
Australia$3.85k (1%)
Singapore$427 (7.25%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Philippines WERE (2021 - 2022):
Macau-$2.06k (-16.9%)
Spain-$90 (-100%)
Greece-$60 (-56.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Rapeseed Oil were:
Canada $4.86B
Germany $1.77B
Russia $1.15B
In 2022, 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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