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2022
Exports $2.34MWorld Rnk 20 / 112
Flag Rnk 504 / 1127
2022
Destination $1.78M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.78MVietnam
2022
Imports $868kWorld Rnk 42 / 173
Flag Rnk 1013 / 1201
2022
Origin $371k Japan
2021 - 2022
FASTEST GROWING ORIGIN $371kJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.34M in Vegetable waxes and beeswax, making it the 20th largest exporter of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 504th most exported product in Philippines. The main destination of Vegetable waxes and beeswax exports from Philippines are: Vietnam ($2.3M), Japan ($43.1k), Singapore ($1.23k), and South Korea ($26).

The fastest growing export markets for Vegetable waxes and beeswax of Philippines between 2021 and 2022 were Vietnam ($1.78M), Singapore ($646), and South Korea ($26).

Imports In 2022, Philippines imported $868k in Vegetable waxes and beeswax, becoming the 42nd largest importer of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 1013th most imported product in Philippines. Philippines imports Vegetable waxes and beeswax primarily from: Japan ($383k), China ($235k), Brazil ($81.1k), United States ($66.4k), and Indonesia ($59.3k).

The fastest growing import markets in Vegetable waxes and beeswax for Philippines between 2021 and 2022 were Japan ($371k), China ($71.1k), and Indonesia ($30k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Vegetable waxes and beeswax exports accounted up to $533 and imports accounted up to $155k, resulting in a negative trade balance of $154k. Between October 2021 and May 2024 the exports of Philippines'   Vegetable waxes and beeswax have decreased by $-287k (-99.8%) from $288k to $533, while imports decreased by $-135k (-46.6%) from $289k to $155k.

Destinations In May 2024, Vegetable waxes and beeswax were exported mostly to , and were imported mostly from Brazil ($133k), United States ($17k), and India ($5.01k).

Growth In May 2024, the decrease in Vegetable waxes and beeswax's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Vegetable waxes and beeswax's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-192k or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - May 2024)$-287k(-99.8%)
IMPORT GROWTH (June 2023 - June 2024)$-135k(-46.6%)
MAIN DESTINATION (May 2024)

This section shows Vegetable waxes and beeswax'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 Vegetable waxes and beeswax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.34M
IMPORTS (2022)$868k
NET TRADE (2022)$1.47M

In 2022, Philippines exported $2.34M in Vegetable waxes and beeswax. The main destinations of Philippines exports on Vegetable waxes and beeswax were Vietnam ($2.3M), Japan ($43.1k), Singapore ($1.23k), and South Korea ($26).

In 2022, Philippines imported $868k in Vegetable waxes and beeswax, mainly from Japan ($383k), China ($235k), Brazil ($81.1k), United States ($66.4k), and Indonesia ($59.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable waxes and beeswax EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$1.78M (344%)
Singapore$646 (111%)
South Korea$26 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable waxes and beeswax BY Philippines WERE (2021 - 2022):
Burma-$40.4k (-100%)
Bangladesh-$25.1k (-100%)
Thailand-$22.5k (-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 Vegetable waxes and beeswax were:
Brazil $98.5M
China $60.4M
Germany $33.7M
In 2022, Philippines's main importing competitors in Vegetable waxes and beeswax were:
United States $62.6M
Germany $59.4M
China $30.8M

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Trade Value of Vegetable waxes and beeswax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $576
TOP IMPORT POTENTIALChina+ $102k

Vegetable waxes and beeswax’s highest export potential is China. With an export gap of $576.   Vegetable waxes and beeswax’s highest import potential is China with an import gap of $102k.

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