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2022
Exports $198MWorld Rnk 33 / 156
Flag Rnk 62 / 1127
2022
Destination $10.1M Japan
2021 - 2022
FASTEST GROWING MARKET $10.1MSouth Korea
2022
PRODUCT COMPLEXITY IN Acyclic Alcohols-0.29Rnk 645 / 1025
2022
Imports $144MWorld Rnk 37 / 207
Flag Rnk 201 / 1201
2022
Origin $9.11M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $9.11MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $198M in Acyclic Alcohols, making it the 33rd largest exporter of Acyclic Alcohols in the world. At the same year, Acyclic Alcohols was the 62nd most exported product in Philippines. The main destination of Acyclic Alcohols exports from Philippines are: Japan ($68.1M), China ($33.8M), Netherlands ($33.7M), Chinese Taipei ($18.2M), and South Korea ($16.7M).

The fastest growing export markets for Acyclic Alcohols of Philippines between 2021 and 2022 were South Korea ($10.1M), Indonesia ($3.53M), and United States ($1.13M).

Imports In 2022, Philippines imported $144M in Acyclic Alcohols, becoming the 37th largest importer of Acyclic Alcohols in the world. At the same year, Acyclic Alcohols was the 201st most imported product in Philippines. Philippines imports Acyclic Alcohols primarily from: Malaysia ($46.4M), China ($24.4M), Japan ($13.1M), Indonesia ($12.3M), and Brunei ($12.2M).

The fastest growing import markets in Acyclic Alcohols for Philippines between 2021 and 2022 were China ($9.11M), Malaysia ($7.63M), and Saudi Arabia ($2.38M).

COMPANIES In 2023, leading companies such as Banana Republic (1) were at the forefront of shipping Acyclic Alcohols from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Acyclic Alcohols exports accounted up to $9.64M and imports accounted up to $3.69M, resulting in a positive trade balance of $5.95M. Between June 2023 and June 2024 the exports of Philippines'   Acyclic Alcohols have increased by $5.39M (127%) from $4.25M to $9.64M, while imports decreased by $-10.7M (-74.3%) from $14.4M to $3.69M.

Destinations In June 2024, Acyclic Alcohols were exported mostly to Netherlands ($3.93M), Japan ($3.79M), China ($852k), Malaysia ($457k), and South Korea ($390k), and were imported mostly from Japan ($1.39M), Brunei ($979k), United States ($490k), Thailand ($272k), and South Korea ($206k).

Growth In June 2024, the increase in Acyclic Alcohols's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($2.57M or 4.04k%), Malaysia ($240k or 111%), and Indonesia ($89k or 83.2%). In June 2024, the decrease in Acyclic Alcohols's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia ($-2.38M or -96.6%), South Korea ($-980k or -31.9%), and Indonesia ($-545k or -29.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$5.39M(127%)
IMPORT GROWTH (June 2023 - June 2024)$-10.7M(-74.3%)
MAIN DESTINATION (June 2024)Netherlands$3.93M

This section shows Acyclic Alcohols'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 Acyclic Alcohols over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$198M
IMPORTS (2022)$144M
NET TRADE (2022)$53.6M

In 2022, Philippines exported $198M in Acyclic Alcohols. The main destinations of Philippines exports on Acyclic Alcohols were Japan ($68.1M), China ($33.8M), Netherlands ($33.7M), Chinese Taipei ($18.2M), and South Korea ($16.7M).

In 2022, Philippines imported $144M in Acyclic Alcohols, mainly from Malaysia ($46.4M), China ($24.4M), Japan ($13.1M), Indonesia ($12.3M), and Brunei ($12.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Acyclic Alcohols EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$10.1M (154%)
Indonesia$3.53M (413%)
United States$1.13M (62.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Acyclic Alcohols BY Philippines WERE (2021 - 2022):
Japan-$11.6M (-14.6%)
China-$8.26M (-19.6%)
Chinese Taipei-$6.2M (-25.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Acyclic Alcohols were:
Saudi Arabia $6.19B
United States $5.02B
Germany $3.05B
In 2022, Philippines's main importing competitors in Acyclic Alcohols were:
China $8.76B
India $3.73B
United States $2.3B

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Trade Value of Acyclic Alcohols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $20.9M
TOP IMPORT POTENTIALChina+ $10.7M

Acyclic Alcohols’s highest export potential is China. With an export gap of $20.9M.   Acyclic Alcohols’s highest import potential is China with an import gap of $10.7M.

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