2022
Exports
$7World Rnk 71 / 72
Flag Rnk 1124 / 1127
2022
Imports
$5.16MWorld Rnk 3 / 147
Flag Rnk 824 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7 in Wood Tar, Oils and Pitch, making it the 71st largest exporter of Wood Tar, Oils and Pitch in the world. At the same year, Wood Tar, Oils and Pitch was the 1124th most exported product in Philippines. The main destination of Wood Tar, Oils and Pitch exports from Philippines are: Thailand ($7).

The fastest growing export markets for Wood Tar, Oils and Pitch of Philippines between N/A and 2022 were Thailand ($7).

Imports In 2022, Philippines imported $5.16M in Wood Tar, Oils and Pitch, becoming the 3rd largest importer of Wood Tar, Oils and Pitch in the world. At the same year, Wood Tar, Oils and Pitch was the 824th most imported product in Philippines. Philippines imports Wood Tar, Oils and Pitch primarily from: Singapore ($1.67M), South Korea ($1.13M), Thailand ($826k), Australia ($465k), and United Arab Emirates ($426k).

The fastest growing import markets in Wood Tar, Oils and Pitch for Philippines between 2021 and 2022 were Thailand ($520k), South Korea ($477k), and United Arab Emirates ($424k).

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 Wood Tar, Oils and Pitch. 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)$7
IMPORTS (2022)$5.16M
NET TRADE (2022)-$5.16M

In 2022, Philippines exported $7 in Wood Tar, Oils and Pitch. The main destinations of Philippines exports on Wood Tar, Oils and Pitch were Thailand ($7).

In 2022, Philippines imported $5.16M in Wood Tar, Oils and Pitch, mainly from Singapore ($1.67M), South Korea ($1.13M), Thailand ($826k), Australia ($465k), and United Arab Emirates ($426k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Tar, Oils and Pitch EXPORT MARKETS FOR Philippines WERE (N/A - 2022):Thailand$7 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Wood Tar, Oils and Pitch were:
In 2022, Philippines's main importing competitors in Wood Tar, Oils and Pitch were:
Sweden $96.7M
Spain $8.3M

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Trade Value of Wood Tar, Oils and Pitch by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $273
TOP IMPORT POTENTIALUnited States+ $40.3k

Wood Tar, Oils and Pitch’s highest export potential is China. With an export gap of $273.   Wood Tar, Oils and Pitch’s highest import potential is United States with an import gap of $40.3k.

See methodology.

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