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2022
Destination $23.4M China
2021 - 2022
FASTEST GROWING MARKET $23.4MSingapore
2022
PRODUCT COMPLEXITY IN Acyclic Hydrocarbons0.31Rnk 441 / 1025
2022
ImportsfalseWorld Rnk 36 / 196
Flag Rnk 291 / 1201
2022
Origin $19M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $19MSaudi Arabia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported N/A in Acyclic Hydrocarbons, making it the 30th largest exporter of Acyclic Hydrocarbons in the world. At the same year, Acyclic Hydrocarbons was the 100th most exported product in Philippines. The main destination of Acyclic Hydrocarbons exports from Philippines are: China ($36.9M), Singapore ($25.6M), Chinese Taipei ($24.6M), South Korea ($12.8M), and Vietnam ($9.93M).

The fastest growing export markets for Acyclic Hydrocarbons of Philippines between 2021 and 2022 were Singapore ($23.4M), South Korea ($4.28M), and Indonesia ($277k).

Imports In 2022, Philippines imported $91.3M in Acyclic Hydrocarbons, becoming the 36th largest importer of Acyclic Hydrocarbons in the world. At the same year, Acyclic Hydrocarbons was the 291st most imported product in Philippines. Philippines imports Acyclic Hydrocarbons primarily from: South Korea ($33.3M), Saudi Arabia ($19.7M), United Arab Emirates ($9.4M), Malaysia ($5.48M), and Iraq ($5.01M).

The fastest growing import markets in Acyclic Hydrocarbons for Philippines between 2021 and 2022 were Saudi Arabia ($19M), South Korea ($14.5M), and United Arab Emirates ($8.81M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Acyclic Hydrocarbons exports accounted up to $4.08M and imports accounted up to $2.38M, resulting in a positive trade balance of $1.7M. Between February 2023 and June 2024 the exports of Philippines'   Acyclic Hydrocarbons have decreased by $-1.86M (-31.4%) from $5.94M to $4.08M, while imports decreased by $-2.71M (-53.3%) from $5.09M to $2.38M.

Destinations In June 2024, Acyclic Hydrocarbons were exported mostly to South Korea ($4.08M), and were imported mostly from N/A.

Growth In June 2024, the decrease in Acyclic Hydrocarbons's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Acyclic Hydrocarbons's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-4.42M or -99.3%), Thailand ($-147k or -98.5%), and Germany ($-1.02k or -86.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - June 2024)$-1.86M(-31.4%)
IMPORT GROWTH (June 2023 - June 2024)$-2.71M(-53.3%)
MAIN DESTINATION (June 2024)South Korea$4.08M

This section shows Acyclic Hydrocarbons'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 Hydrocarbons over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$91.3M

In N/A, Philippines exported N/A in Acyclic Hydrocarbons. The main destinations of Philippines exports on Acyclic Hydrocarbons were China ($36.9M), Singapore ($25.6M), Chinese Taipei ($24.6M), South Korea ($12.8M), and Vietnam ($9.93M).

In 2022, Philippines imported $91.3M in Acyclic Hydrocarbons, mainly from South Korea ($33.3M), Saudi Arabia ($19.7M), United Arab Emirates ($9.4M), Malaysia ($5.48M), and Iraq ($5.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Acyclic Hydrocarbons EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$23.4M (1.05k%)
South Korea$4.28M (50.4%)
Indonesia$277k (6.31%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Acyclic Hydrocarbons BY Philippines WERE (2021 - 2022):
Chinese Taipei-$42.5M (-63.4%)
China-$8.81M (-19.3%)
Malaysia-$6.21M (-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 Acyclic Hydrocarbons were:
United States $8.1B
South Korea $3.75B
Netherlands $2.66B
In 2022, Philippines's main importing competitors in Acyclic Hydrocarbons were:
China $5.81B
Belgium $3.29B
United States $2.08B

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Trade Value of Acyclic Hydrocarbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $23.5M
TOP IMPORT POTENTIALChina+ $2.39M

Acyclic Hydrocarbons’s highest export potential is China. With an export gap of $23.5M.   Acyclic Hydrocarbons’s highest import potential is China with an import gap of $2.39M.

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