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2022
Exports $1.66MWorld Rnk 80 / 196
Flag Rnk 549 / 1127
2022
Destination $444k Malaysia
2021 - 2022
FASTEST GROWING MARKET $444kMalaysia
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $14.8MWorld Rnk 39 / 214
Flag Rnk 646 / 1201
2022
Origin $1.72M India
2021 - 2022
FASTEST GROWING ORIGIN $1.72MIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.66M in Essential Oils, making it the 80th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 549th most exported product in Philippines. The main destination of Essential Oils exports from Philippines are: Malaysia ($610k), France ($188k), Qatar ($139k), United States ($130k), and Belgium ($71.2k).

The fastest growing export markets for Essential Oils of Philippines between 2021 and 2022 were Malaysia ($444k), France ($166k), and Belgium ($69.8k).

Imports In 2022, Philippines imported $14.8M in Essential Oils, becoming the 39th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 646th most imported product in Philippines. Philippines imports Essential Oils primarily from: India ($7.36M), China ($1.93M), United States ($1.8M), United Kingdom ($673k), and Singapore ($513k).

The fastest growing import markets in Essential Oils for Philippines between 2021 and 2022 were India ($1.72M), Brazil ($313k), and Thailand ($104k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Essential Oils exports accounted up to $1.08k and imports accounted up to $1.27M, resulting in a negative trade balance of $1.27M. Between May 2023 and June 2024 the exports of Philippines'   Essential Oils have decreased by $-81.1k (-98.7%) from $82.2k to $1.08k, while imports decreased by $-637k (-33.4%) from $1.9M to $1.27M.

Destinations In June 2024, Essential Oils were exported mostly to Indonesia ($868) and Japan ($215), and were imported mostly from India ($912k), United Kingdom ($125k), Australia ($72.2k), United States ($71.7k), and Spain ($57.7k).

Growth In June 2024, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Essential Oils's year-by-year imports was explained primarily by a decrease in imports from United States ($-528k or -90.5%), South Korea ($-4.31k or -17%), and Italy ($-961 or -73.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$-81.1k(-98.7%)
IMPORT GROWTH (June 2023 - June 2024)$-637k(-33.4%)
MAIN DESTINATION (June 2024)Indonesia$868

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.66M
IMPORTS (2022)$14.8M
NET TRADE (2022)-$13.1M

In 2022, Philippines exported $1.66M in Essential Oils. The main destinations of Philippines exports on Essential Oils were Malaysia ($610k), France ($188k), Qatar ($139k), United States ($130k), and Belgium ($71.2k).

In 2022, Philippines imported $14.8M in Essential Oils, mainly from India ($7.36M), China ($1.93M), United States ($1.8M), United Kingdom ($673k), and Singapore ($513k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$444k (267%)
France$166k (761%)
Belgium$69.8k (5.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Philippines WERE (2021 - 2022):
Singapore-$177k (-77.8%)
United States-$175k (-57.5%)
Thailand-$144k (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Philippines's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALIndia+ $2.31M

Essential Oils’s highest export potential is N/A. With an export gap of N/A.   Essential Oils’s highest import potential is India with an import gap of $2.31M.

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