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2022
Exports $2.12BWorld Rnk 2 / 154
Flag Rnk 7 / 1127
2022
Destination $170M Netherlands
2021 - 2022
FASTEST GROWING MARKET $170MNetherlands
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $53.4MWorld Rnk 26 / 212
Flag Rnk 373 / 1201
2022
Origin $6.05M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $6.05MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.12B in Coconut Oil, making it the 2nd largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 7th most exported product in Philippines. The main destination of Coconut Oil exports from Philippines are: Netherlands ($597M), United States ($426M), Malaysia ($198M), China ($182M), and Germany ($167M).

The fastest growing export markets for Coconut Oil of Philippines between 2021 and 2022 were Netherlands ($170M), China ($102M), and Malaysia ($88.6M).

Imports In 2022, Philippines imported $53.4M in Coconut Oil, becoming the 26th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 373rd most imported product in Philippines. Philippines imports Coconut Oil primarily from: Indonesia ($40.4M), Malaysia ($12.3M), Singapore ($361k), United States ($188k), and Canada ($77.3k).

The fastest growing import markets in Coconut Oil for Philippines between 2021 and 2022 were Indonesia ($6.05M), Singapore ($360k), and United States ($174k).

COMPANIES In 2023, leading companies such as Walmart (3) were at the forefront of shipping Coconut Oil from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Coconut Oil exports accounted up to $160M and imports accounted up to $849, resulting in a positive trade balance of $160M. Between June 2023 and June 2024 the exports of Philippines'   Coconut Oil have increased by $84.9M (113%) from $74.8M to $160M, while imports decreased by $-91.2k (-99.1%) from $92k to $849.

Destinations In June 2024, Coconut Oil were exported mostly to United States ($65.1M), Netherlands ($52.2M), Malaysia ($7.53M), Indonesia ($7.27M), and China ($5.89M), and were imported mostly from Germany ($849).

Growth In June 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to South Korea ($3.77M or 378%), Spain ($1.96M or 47.7%), and Canada ($439k or 334%). In June 2024, the decrease in Coconut Oil's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-4.09M or -98.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$84.9M(113%)
IMPORT GROWTH (June 2023 - June 2024)$-91.2k(-99.1%)
MAIN DESTINATION (June 2024)United States$65.1M

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.12B
IMPORTS (2022)$53.4M
NET TRADE (2022)$2.07B

In 2022, Philippines exported $2.12B in Coconut Oil. The main destinations of Philippines exports on Coconut Oil were Netherlands ($597M), United States ($426M), Malaysia ($198M), China ($182M), and Germany ($167M).

In 2022, Philippines imported $53.4M in Coconut Oil, mainly from Indonesia ($40.4M), Malaysia ($12.3M), Singapore ($361k), United States ($188k), and Canada ($77.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$170M (39.9%)
China$102M (127%)
Malaysia$88.6M (81%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Philippines WERE (2021 - 2022):
Sri Lanka-$20.4M (-96.8%)
Sweden-$7.89M (-99.4%)
Indonesia-$3.53M (-3.52%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Coconut Oil were:
Indonesia $3.41B
Malaysia $1.64B
In 2022, Philippines's main importing competitors in Coconut Oil were:
United States $1.51B
Netherlands $1.35B
China $1.12B

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $68.8M
TOP IMPORT POTENTIALIndonesia+ $4.22M

Coconut Oil’s highest export potential is China. With an export gap of $68.8M.   Coconut Oil’s highest import potential is Indonesia with an import gap of $4.22M.

See methodology.

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