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2022
Exports $27.2MWorld Rnk 27 / 153
Flag Rnk 229 / 1127
2022
Destination $5.86M United States
2021 - 2022
FASTEST GROWING MARKET $5.86MCanada
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $108MWorld Rnk 16 / 214
Flag Rnk 249 / 1201
2022
Origin $43.4M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $43.4MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $27.2M in Other Vegetable Oils, making it the 27th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 229th most exported product in Philippines. The main destination of Other Vegetable Oils exports from Philippines are: United States ($8.08M), Canada ($6.71M), Germany ($2.63M), United Kingdom ($2.39M), and Singapore ($1.72M).

The fastest growing export markets for Other Vegetable Oils of Philippines between 2021 and 2022 were Canada ($5.86M), United States ($4.1M), and United Kingdom ($2.3M).

Imports In 2022, Philippines imported $108M in Other Vegetable Oils, becoming the 16th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 249th most imported product in Philippines. Philippines imports Other Vegetable Oils primarily from: Malaysia ($78.1M), Indonesia ($24.7M), Singapore ($2.61M), Australia ($706k), and Spain ($563k).

The fastest growing import markets in Other Vegetable Oils for Philippines between 2021 and 2022 were Malaysia ($43.4M), Indonesia ($4.84M), and Singapore ($1.7M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Vegetable Oils exports accounted up to $1.84M and imports accounted up to $140k, resulting in a positive trade balance of $1.7M. Between June 2023 and June 2024 the exports of Philippines'   Other Vegetable Oils have decreased by $-877k (-32.3%) from $2.71M to $1.84M, while imports decreased by $-4.26M (-96.8%) from $4.4M to $140k.

Destinations In June 2024, Other Vegetable Oils were exported mostly to United States ($807k), Netherlands ($280k), China ($253k), Australia ($241k), and Chinese Taipei ($98.9k), and were imported mostly from India ($99.7k), South Korea ($27.4k), United States ($7.99k), France ($4.39k), and Japan ($311).

Growth In June 2024, the decrease in Other Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-877k(-32.3%)
IMPORT GROWTH (June 2023 - June 2024)$-4.26M(-96.8%)
MAIN DESTINATION (June 2024)United States$807k

This section shows Other Vegetable 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 Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.2M
IMPORTS (2022)$108M
NET TRADE (2022)-$80.5M

In 2022, Philippines exported $27.2M in Other Vegetable Oils. The main destinations of Philippines exports on Other Vegetable Oils were United States ($8.08M), Canada ($6.71M), Germany ($2.63M), United Kingdom ($2.39M), and Singapore ($1.72M).

In 2022, Philippines imported $108M in Other Vegetable Oils, mainly from Malaysia ($78.1M), Indonesia ($24.7M), Singapore ($2.61M), Australia ($706k), and Spain ($563k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$5.86M (686%)
United States$4.1M (103%)
United Kingdom$2.3M (2.58k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Philippines WERE (2021 - 2022):
South Korea-$209k (-32.1%)
Finland-$67.3k (-100%)
Russia-$67.2k (-87.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, Philippines's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M
United States $325M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.03M
TOP IMPORT POTENTIALIndonesia+ $5.99M

Other Vegetable Oils’s highest export potential is China. With an export gap of $1.03M.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $5.99M.

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