2022
Exports
$5.23kWorld Rnk 124 / 152
Flag Rnk 1021 / 1127
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$22.9MWorld Rnk 87 / 211
Flag Rnk 553 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.23k in Seed Oils, making it the 124th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 1021st most exported product in Philippines. The main destination of Seed Oils exports from Philippines are: Canada ($3.81k), Switzerland ($1.12k), India ($104), Spain ($81), and Maldives ($47).

The fastest growing export markets for Seed Oils of Philippines between 2021 and 2022 were Canada ($3.81k), Switzerland ($454), and Maldives ($46).

Imports In 2022, Philippines imported $22.9M in Seed Oils, becoming the 87th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 553rd most imported product in Philippines. Philippines imports Seed Oils primarily from: Bosnia and Herzegovina ($5.93M), Malaysia ($4.6M), Austria ($4.38M), Argentina ($1.76M), and Germany ($1.49M).

The fastest growing import markets in Seed Oils for Philippines between 2021 and 2022 were Austria ($4.38M), Argentina ($1.76M), and Malaysia ($1.28M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Seed Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.23k
IMPORTS (2022)$22.9M
NET TRADE (2022)-$22.9M

In 2022, Philippines exported $5.23k in Seed Oils. The main destinations of Philippines exports on Seed Oils were Canada ($3.81k), Switzerland ($1.12k), India ($104), Spain ($81), and Maldives ($47).

In 2022, Philippines imported $22.9M in Seed Oils, mainly from Bosnia and Herzegovina ($5.93M), Malaysia ($4.6M), Austria ($4.38M), Argentina ($1.76M), and Germany ($1.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$3.81k (1%)
Switzerland$454 (68.3%)
Maldives$46 (4.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Philippines WERE (2021 - 2022):
Singapore-$2.83k (-99.7%)
Saudi Arabia-$2.09k (-100%)
Ireland-$652 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Philippines's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $4.57k
TOP IMPORT POTENTIALTurkey+ $842k

Seed Oils’s highest export potential is Canada. With an export gap of $4.57k.   Seed Oils’s highest import potential is Turkey with an import gap of $842k.

See methodology.

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