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2022
Exports $37.7kWorld Rnk 113 / 157
Flag Rnk 914 / 1127
2022
Destination $4.43k Micronesia
2021 - 2022
FASTEST GROWING MARKET $4.43kMicronesia
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.61Rnk 312 / 1025
2022
Imports $26.1MWorld Rnk 53 / 215
Flag Rnk 523 / 1201
2022
Origin $3.89M China
2021 - 2022
FASTEST GROWING ORIGIN $3.89MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $37.7k in Unpackaged Medicaments, making it the 113th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 914th most exported product in Philippines. The main destination of Unpackaged Medicaments exports from Philippines are: Micronesia ($13.6k), United States ($6.95k), Canada ($6.07k), Australia ($4.9k), and United Arab Emirates ($2.77k).

The fastest growing export markets for Unpackaged Medicaments of Philippines between 2021 and 2022 were Micronesia ($4.43k), Canada ($3.18k), and Australia ($2.93k).

Imports In 2022, Philippines imported $26.1M in Unpackaged Medicaments, becoming the 53rd largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 523rd most imported product in Philippines. Philippines imports Unpackaged Medicaments primarily from: China ($11M), India ($3.96M), United States ($2.24M), Thailand ($2.23M), and France ($2.16M).

The fastest growing import markets in Unpackaged Medicaments for Philippines between 2021 and 2022 were China ($3.89M), France ($1.44M), and Indonesia ($1.06M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Unpackaged Medicaments exports accounted up to $3.62k and imports accounted up to $1.98M, resulting in a negative trade balance of $1.98M. Between October 2021 and August 2024 the exports of Philippines'   Unpackaged Medicaments have decreased by $-1.81k (-33.3%) from $5.43k to $3.62k, while imports increased by $707k (55.4%) from $1.28M to $1.98M.

Destinations In August 2024, Unpackaged Medicaments were exported mostly to Singapore ($3.62k), and were imported mostly from China ($1.69M), Brazil ($149k), Malaysia ($46.6k), Hong Kong ($41.2k), and Chinese Taipei ($26.9k).

Growth In August 2024, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from China ($596k or 156%) and Hong Kong ($20.6k or 50%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - August 2024)$-1.81k(-33.3%)
IMPORT GROWTH (August 2023 - August 2024)$707k(55.4%)
MAIN DESTINATION (August 2024)Singapore$3.62k

This section shows Unpackaged Medicaments'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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$37.7k
IMPORTS (2022)$26.1M
NET TRADE (2022)-$26.1M

In 2022, Philippines exported $37.7k in Unpackaged Medicaments. The main destinations of Philippines exports on Unpackaged Medicaments were Micronesia ($13.6k), United States ($6.95k), Canada ($6.07k), Australia ($4.9k), and United Arab Emirates ($2.77k).

In 2022, Philippines imported $26.1M in Unpackaged Medicaments, mainly from China ($11M), India ($3.96M), United States ($2.24M), Thailand ($2.23M), and France ($2.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Micronesia$4.43k (48.1%)
Canada$3.18k (110%)
Australia$2.93k (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Philippines WERE (2021 - 2022):
Denmark-$83.2k (-100%)
Singapore-$32.3k (-100%)
Papua New Guinea-$26.7k (-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 Unpackaged Medicaments were:
United States $1.31B
Israel $1.25B
China $1.05B
In 2022, Philippines's main importing competitors in Unpackaged Medicaments were:
United States $1.37B
United Kingdom $1.35B
Germany $971M

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.3k
TOP IMPORT POTENTIALIndia+ $2.69M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $19.3k.   Unpackaged Medicaments’s highest import potential is India with an import gap of $2.69M.

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