Packaged Medicaments in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $64.1M in Packaged Medicaments, making it the 81st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 148th most exported product in Philippines. The main destination of Packaged Medicaments exports from Philippines are: Indonesia ($7.66M), Thailand ($7.01M), Australia ($6.64M), Singapore ($5.9M), and United States ($5.67M).

The fastest growing export markets for Packaged Medicaments of Philippines between 2021 and 2022 were United States ($5.48M), Australia ($2.8M), and India ($2.67M).

Imports In 2022, Philippines imported $1.3B in Packaged Medicaments, becoming the 49th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 20th most imported product in Philippines. Philippines imports Packaged Medicaments primarily from: India ($267M), Germany ($160M), China ($132M), Indonesia ($93.2M), and France ($77.7M).

The fastest growing import markets in Packaged Medicaments for Philippines between 2021 and 2022 were France ($28M), United States ($18.8M), and India ($16.9M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Packaged Medicaments exports accounted up to $4.08M and imports accounted up to $116M, resulting in a negative trade balance of $112M. Between August 2020 and August 2021 the exports of Philippines' Packaged Medicaments have increased by $990k (32.1%) from $3.09M to $4.08M, while imports decreased by $-1.92M (-1.63%) from $118M to $116M.

Destinations In August 2021, Packaged Medicaments were exported mostly to Thailand ($1.92M), Singapore ($813k), India ($300k), Burma ($251k), and Hong Kong ($248k), and were imported mostly from India ($22.9M), Germany ($20.2M), France ($15.9M), Indonesia ($9.11M), and China ($4.17M).

Growth In August 2021, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Thailand ($538k or 50.2%), Burma ($244k or 200%), and Cambodia ($145k or 894%). In August 2021, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from France ($-6.5M or -65.1%), Switzerland ($-6.27M or -67%), and Netherlands ($-2.88M or -80.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$990k(32.1%)

IMPORT GROWTH (August 2020 - August 2021)$-1.92M(-1.63%)

MAIN DESTINATION (August 2021)Thailand$1.92M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$64.1M

IMPORTS (2022)$1.3B

NET TRADE (2022)-$1.24B

In 2022, Philippines exported $64.1M in Packaged Medicaments. The main destinations of Philippines exports on Packaged Medicaments were Indonesia ($7.66M), Thailand ($7.01M), Australia ($6.64M), Singapore ($5.9M), and United States ($5.67M).

In 2022, Philippines imported $1.3B in Packaged Medicaments, mainly from India ($267M), Germany ($160M), China ($132M), Indonesia ($93.2M), and France ($77.7M).

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