Other Pure Vegetable Oils in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $1.76M in Other Pure Vegetable Oils, making it the 78th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 543rd most exported product in Philippines. The main destination of Other Pure Vegetable Oils exports from Philippines are: United States ($1.47M), China ($58.6k), United Arab Emirates ($44.4k), Peru ($30.6k), and Kuwait ($30.6k).

The fastest growing export markets for Other Pure Vegetable Oils of Philippines between 2021 and 2022 were United Arab Emirates ($40.2k), Switzerland ($28.1k), and Kuwait ($23.1k).

Imports In 2022, Philippines imported $19.5M in Other Pure Vegetable Oils, becoming the 48th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 578th most imported product in Philippines. Philippines imports Other Pure Vegetable Oils primarily from: Malaysia ($5.7M), China ($5.51M), Spain ($2.29M), Singapore ($1.34M), and South Korea ($954k).

The fastest growing import markets in Other Pure Vegetable Oils for Philippines between 2021 and 2022 were Malaysia ($2.74M), China ($2.46M), and Spain ($1.26M).

Latest Trends

June 2021

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Overview In June 2021 Philippines' Other Pure Vegetable Oils exports accounted up to $11.3M and imports accounted up to $604k, resulting in a positive trade balance of $10.7M. Between June 2020 and June 2021 the exports of Philippines' Other Pure Vegetable Oils have increased by $4.32M (62.2%) from $6.94M to $11.3M, while imports increased by $185k (44.1%) from $419k to $604k.

Destinations In June 2021, Other Pure Vegetable Oils were exported mostly to , and were imported mostly from China ($259k), Malaysia ($199k), Germany ($66.6k), Thailand ($19.8k), and Spain ($16.2k).

Growth In June 2021, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($701k or 945%), Brazil ($201k or 525%), and Germany ($73.2k or 16.2%). In August 2021, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from India ($58.9k or 8.85k%), Malaysia ($36.8k or 29.3%), and Japan ($4.05k or 173%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2020 - June 2021)$4.32M(62.2%)

IMPORT GROWTH (August 2020 - August 2021)$185k(44.1%)

MAIN DESTINATION (June 2021)

This section shows Other Pure 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 Pure Vegetable Oils over time.

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