Overview In November 2020 Philippines' Petroleum spirit for motor vehicles exports accounted up to $8.25M and imports accounted up to $376M, resulting in a negative trade balance of $367M. Between July 2019 and November 2020 the exports of Philippines' Petroleum spirit for motor vehicles have increased by $5.11M (163%) from $3.14M to $8.25M, while imports increased by $200M (114%) from $176M to $376M.
Destinations In November 2020, Petroleum spirit for motor vehicles were exported mostly to , and were imported mostly from Singapore ($72.7M), South Korea ($72.2M), Malaysia ($64.3M), India ($51.6M), and United Arab Emirates ($41.7M).
Growth In November 2020, the increase in Petroleum spirit for motor vehicles's year-by-year exports was explained primarily by an increase in exports to Singapore ($1.1M or 14.9%). In August 2021, the increase in Petroleum spirit for motor vehicles's year-by-year imports was explained primarily by an increase in imports from South Korea ($38.9M or 60.5%), China ($35M or 92.6%), and Singapore ($23.7M or 202%).