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2023
Exports $234kWorld Rnk 90 / 168
Flag Rnk 747 / 1123
2023
Destination $80.7k Australia
2022 - 2023
FASTEST GROWING MARKET $80.7kDenmark
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $19.5MWorld Rnk 58 / 220
Flag Rnk 523 / 1202
2023
Origin $2.65M China
2022 - 2023
FASTEST GROWING ORIGIN $2.65MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $234k in Unpackaged Medicaments, making it the 90th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 747th most exported product in Philippines. The main destination of Unpackaged Medicaments exports from Philippines are: Australia ($81.4k), Denmark ($80.7k), India ($50.7k), Singapore ($17.4k), and Bahrain ($2.55k).

The fastest growing export markets for Unpackaged Medicaments of Philippines between 2022 and 2023 were Denmark ($80.7k), Australia ($76.5k), and India ($50.7k).

Imports In 2023, Philippines imported $19.5M in Unpackaged Medicaments, becoming the 58th 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 ($11.2M), India ($3M), Thailand ($1.16M), France ($771k), and Pakistan ($664k).

The fastest growing import markets in Unpackaged Medicaments for Philippines between 2022 and 2023 were China ($2.65M), Chinese Taipei ($165k), and Pakistan ($158k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Unpackaged Medicaments exports accounted up to $272k and imports accounted up to $3.1M, resulting in a negative trade balance of $2.83M. Between September 2021 and July 2024 the exports of Philippines'   Unpackaged Medicaments have increased by $267k (5.12k%) from $5.22k to $272k, while imports increased by $2.12M (215%) from $985k to $3.1M.

Destinations In July 2024, Unpackaged Medicaments were exported mostly to Australia ($272k), and were imported mostly from China ($2.91M), Italy ($74.9k), Thailand ($57.7k), India ($47.3k), and South Korea ($9.1k).

Growth In July 2024, the increase in Unpackaged Medicaments's year-by-year exports was explained primarily by an increase in exports to . In July 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 (September 2021 - July 2024)$267k(5.12k%)
IMPORT GROWTH (July 2023 - July 2024)$2.12M(215%)
MAIN DESTINATION (July 2024)Australia$272k

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 (2023)$234k
IMPORTS (2023)$19.5M
NET TRADE (2023)-$19.2M

In 2023, Philippines exported $234k in Unpackaged Medicaments. The main destinations of Philippines exports on Unpackaged Medicaments were Australia ($81.4k), Denmark ($80.7k), India ($50.7k), Singapore ($17.4k), and Bahrain ($2.55k).

In 2023, Philippines imported $19.5M in Unpackaged Medicaments, mainly from China ($11.2M), India ($3M), Thailand ($1.16M), France ($771k), and Pakistan ($664k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Denmark$80.7k (1%)
Australia$76.5k (1.56k%)
India$50.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Philippines WERE (2022 - 2023):
Micronesia-$13.6k (-100%)
United States-$6.95k (-100%)
Canada-$6.07k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Unpackaged Medicaments were:
Ireland $3.03B
Portugal $2.97B
United States $2.92B
In 2023, Philippines's main importing competitors in Unpackaged Medicaments were:
Belgium $3.73B
United States $2.15B
Canada $1.87B

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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.

See methodology.

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