Philippines | Imports and Exports | World | Palm oil | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" from Philippines totalled $ 52 million in 2023. Sales of commodity group 1511 from Philippines went up by 101% compared to 2022: exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" went up by $ 26 million (cumulative exports of commodity group 1511 from Philippines amounted $25 million in 2022)
Exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" amounted to 0.071% of total exports from Philippines (cumulative merchandise exports from Philippines totalled $ 72 billion in 2023). The share of commodity group 1511 in total exports from Philippines increased by 0.038 p.p. compared to 2022 (it was 0.032% in 2022 and cumulative exports from Philippines were equal to $ 78 billion).
Exports of commodity group 1511 amounted to 4.06% of total sales of group "" from Philippines in 2023 (the value of exports of commodity group from Philippines amounted to $1.28 billion in 2023). The share of exports of commodity group 1511 in sales of commodity group from Philippines increased by 2.88 p.p. compared to 2022 (it was 1.17% in 2022, and exports of commodity group from Philippines were $2.2 billion).
Where does Philippines export Palm oil and its fractions, whether or not refined, but not chemically modified?
Top export destinations of "Palm oil and its fractions, whether or not refined, but not chemically modified" from Philippines in 2023:
- India with a share of 65% (34 million US$)
- Malaysia with a share of 14.5% (7.6 million US$)
- Portugal with a share of 7.93% (4.14 million US$)
- Cameroon with a share of 7.11% (3.71 million US$)
- Congo with a share of 2.8% (1.46 million US$)
- China with a share of 1.21% (634 thousand US$)
- Nepal - 405 thousand US$
- Japan - 22 thousand US$
- China, Macao SAR - 9.8 thousand US$
- Hong Kong - 8.09 thousand US$
Exports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - from Philippines in 2023 represented by the following main commodity groups:
- 98% (51 million US$): 151110 - Palm oil, crude
- 1.25% (658 thousand US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
The value of imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" to Philippines totalled $ 871 million in 2023. Sales of commodity group 1511 to Philippines decreased by 34% in value terms compared to 2022. imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 452 million (the value of imports of commodity group 1511 to Philippines was equal to $1.32 billion in 2022)
Imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" accounted for 0.651% of total import flow to Philippines (in 2023, total imports to Philippines amounted to $ 133 billion). The share of commodity group 1511 in total imports to Philippines decreased by 0.255 p.p. compared to 2022 (it was 0.907% in 2022 and cumulative imports to Philippines were equal to $ 145 billion).
Imports of commodity group 1511 reached 72% of total imports of group "" to Philippines in 2023 (imports of commodity group to Philippines totalled $1.2 billion in 2023). The share of purchases of commodity group 1511 in total imports of commodity group to Philippines increased by 5.73 p.p. compared to 2022 (it was 66% in 2022, and imports of commodity group to Philippines accounted for $1.98 billion).
Where does Philippines import Palm oil and its fractions, whether or not refined, but not chemically modified from?
Top trading partners (import of "Palm oil and its fractions, whether or not refined, but not chemically modified") of Philippines in 2023:
- Indonesia with a share of 52% (453 million US$)
- Malaysia with a share of 47% (417 million US$)
- Singapore - 294 thousand US$
- Myanmar - 91 thousand US$
- Thailand - 15.6 thousand US$
Imports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - to Philippines in 2023 represented by the following main commodity groups:
- 100% (871 million US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
