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2022
Exports $146kWorld Rnk 108 / 184
Flag Rnk 802 / 1127
2022
Destination $77.6k Chile
2021 - 2022
FASTEST GROWING MARKET $77.6kChile
2022
PRODUCT COMPLEXITY IN Salt-1.11Rnk 857 / 1025
2022
Imports $37.3MWorld Rnk 27 / 222
Flag Rnk 447 / 1201
2022
Origin $3.78M Australia
2021 - 2022
FASTEST GROWING ORIGIN $3.78MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $146k in Salt, making it the 108th largest exporter of Salt in the world. At the same year, Salt was the 802nd most exported product in Philippines. The main destination of Salt exports from Philippines are: Chile ($77.6k), Japan ($38.9k), United States ($26.6k), Malaysia ($2.56k), and South Korea ($240).

The fastest growing export markets for Salt of Philippines between 2021 and 2022 were Chile ($77.6k), Malaysia ($670), and South Korea ($240).

Imports In 2022, Philippines imported $37.3M in Salt, becoming the 27th largest importer of Salt in the world. At the same year, Salt was the 447th most imported product in Philippines. Philippines imports Salt primarily from: Australia ($21M), China ($10.6M), Mexico ($2.66M), Thailand ($1.31M), and New Zealand ($477k).

The fastest growing import markets in Salt for Philippines between 2021 and 2022 were China ($3.78M), Australia ($1.67M), and Mexico ($374k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Salt exports accounted up to $1.23k and imports accounted up to $4.3M, resulting in a negative trade balance of $4.3M. Between May 2023 and August 2024 the exports of Philippines'   Salt have increased by $1.07k (659%) from $162 to $1.23k, while imports increased by $2.27M (112%) from $2.03M to $4.3M.

Destinations In August 2024, Salt were exported mostly to Papua New Guinea ($1.23k), and were imported mostly from Australia ($3.26M), China ($776k), Thailand ($195k), New Zealand ($52.9k), and Pakistan ($6.92k).

Growth In August 2024, the increase in Salt's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Salt's year-by-year imports was explained primarily by an increase in imports from Australia ($899k or 46.8%) and China ($228k or 45.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - August 2024)$1.07k(659%)
IMPORT GROWTH (August 2023 - August 2024)$2.27M(112%)
MAIN DESTINATION (August 2024)Papua New Guinea$1.23k

This section shows Salt'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 Salt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$146k
IMPORTS (2022)$37.3M
NET TRADE (2022)-$37.2M

In 2022, Philippines exported $146k in Salt. The main destinations of Philippines exports on Salt were Chile ($77.6k), Japan ($38.9k), United States ($26.6k), Malaysia ($2.56k), and South Korea ($240).

In 2022, Philippines imported $37.3M in Salt, mainly from Australia ($21M), China ($10.6M), Mexico ($2.66M), Thailand ($1.31M), and New Zealand ($477k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Salt EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chile$77.6k (1%)
Malaysia$670 (35.4%)
South Korea$240 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salt BY Philippines WERE (2021 - 2022):
Papua New Guinea-$457k (-100%)
Singapore-$178k (-100%)
Denmark-$18.6k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Salt were:
Australia $512M
Netherlands $448M
India $349M
In 2022, Philippines's main importing competitors in Salt were:
United States $627M
China $364M
Japan $302M

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Trade Value of Salt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $53.2k
TOP IMPORT POTENTIALUnited States+ $368k

Salt’s highest export potential is United States. With an export gap of $53.2k.   Salt’s highest import potential is United States with an import gap of $368k.

See methodology.

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