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2022
Exports $659kWorld Rnk 86 / 199
Flag Rnk 640 / 1127
2022
Destination $85.6k Singapore
2021 - 2022
FASTEST GROWING MARKET $85.6kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $37.7MWorld Rnk 54 / 220
Flag Rnk 444 / 1201
2022
Origin $1.02M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $1.02MIreland
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $659k in Special Pharmaceuticals, making it the 86th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 640th most exported product in Philippines. The main destination of Special Pharmaceuticals exports from Philippines are: Singapore ($124k), United Kingdom ($86.5k), Ireland ($50.6k), Netherlands ($45.8k), and Italy ($43.2k).

The fastest growing export markets for Special Pharmaceuticals of Philippines between 2021 and 2022 were United Kingdom ($85.6k), Ireland ($40k), and Australia ($24.4k).

Imports In 2022, Philippines imported $37.7M in Special Pharmaceuticals, becoming the 54th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 444th most imported product in Philippines. Philippines imports Special Pharmaceuticals primarily from: Thailand ($11.2M), Germany ($4.77M), Netherlands ($3.81M), Spain ($2.96M), and Singapore ($2.11M).

The fastest growing import markets in Special Pharmaceuticals for Philippines between 2021 and 2022 were Ireland ($1.02M), Austria ($691k), and Italy ($659k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Special Pharmaceuticals exports accounted up to $22.3k and imports accounted up to $6.02M, resulting in a negative trade balance of $6M. Between April 2023 and June 2024 the exports of Philippines'   Special Pharmaceuticals have decreased by $-9.54k (-29.9%) from $31.9k to $22.3k, while imports decreased by $-707k (-10.5%) from $6.72M to $6.02M.

Destinations In June 2024, Special Pharmaceuticals were exported mostly to United States ($8.35k), Netherlands ($6.91k), Australia ($5.96k), Canada ($920), and Switzerland ($113), and were imported mostly from Germany ($1.35M), Thailand ($1.15M), Netherlands ($566k), Italy ($545k), and Spain ($495k).

Growth In June 2024, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to Germany ($-4.16k or -89.1%) and Guatemala ($-95 or -19.2%). In June 2024, the decrease in Special Pharmaceuticals's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-141k or -98.5%), Singapore ($-113k or -51.8%), and China ($-36.8k or -18.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - June 2024)$-9.54k(-29.9%)
IMPORT GROWTH (June 2023 - June 2024)$-707k(-10.5%)
MAIN DESTINATION (June 2024)United States$8.35k

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$659k
IMPORTS (2022)$37.7M
NET TRADE (2022)-$37.1M

In 2022, Philippines exported $659k in Special Pharmaceuticals. The main destinations of Philippines exports on Special Pharmaceuticals were Singapore ($124k), United Kingdom ($86.5k), Ireland ($50.6k), Netherlands ($45.8k), and Italy ($43.2k).

In 2022, Philippines imported $37.7M in Special Pharmaceuticals, mainly from Thailand ($11.2M), Germany ($4.77M), Netherlands ($3.81M), Spain ($2.96M), and Singapore ($2.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$85.6k (9.4k%)
Ireland$40k (380%)
Australia$24.4k (396%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Philippines WERE (2021 - 2022):
Japan-$2.04M (-99.3%)
Germany-$105k (-87.5%)
Panama-$37.8k (-58%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Philippines's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.11M
TOP IMPORT POTENTIALGermany+ $3.08M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $3.11M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $3.08M.

See methodology.

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