Overview In June 2024 Philippines' Industrial Fatty Acids, Oils and Alcohols exports accounted up to $8.16M and imports accounted up to $55.5k, resulting in a positive trade balance of $8.1M. Between June 2023 and June 2024 the exports of Philippines' Industrial Fatty Acids, Oils and Alcohols have increased by $4.4M (117%) from $3.76M to $8.16M, while imports decreased by $-1.69M (-96.8%) from $1.75M to $55.5k.
Destinations In June 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to China ($3.9M), Netherlands ($2.49M), Germany ($519k), India ($362k), and South Korea ($288k), and were imported mostly from Japan ($24.2k), South Korea ($12.5k), Chinese Taipei ($8.14k), Belgium ($7.18k), and Brazil ($3.46k).
Growth In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to Malaysia ($26.3k or 2.97%). In June 2024, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by a decrease in imports from Japan ($-70.5k or -97.8%) and Thailand ($-2.44k or -55.1%).