Philippines | Imports and Exports | World | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" from Philippines totalled $ 830 million in 2023. Sales of commodity group 27 from Philippines decreased by 32% in value terms compared to 2022. exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" decreased by $ 407 million (cumulative exports of commodity group 27 from Philippines amounted $1.23 billion in 2022)
Exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" amounted to 1.13% of total exports from Philippines (cumulative merchandise exports from Philippines totalled $ 72 billion in 2023). The share of commodity group 27 in total exports from Philippines decreased by 0.429 p.p. compared to 2022 (it was 1.56% in 2022 and cumulative exports from Philippines were equal to $ 78 billion).
Where does Philippines export Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes?
Top export destinations of "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" from Philippines in 2023:
- China with a share of 46% (390 million US$)
- Korea with a share of 24% (201 million US$)
- Thailand with a share of 13.2% (109 million US$)
- Brunei with a share of 5.63% (46 million US$)
- Singapore with a share of 4.05% (33 million US$)
- Japan with a share of 1.95% (16.2 million US$)
- India with a share of 1.24% (10.3 million US$)
- Other Asia, nes - 6.9 million US$
- Vietnam - 6.89 million US$
- Malaysia - 6.17 million US$
Exports structure of 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes - from Philippines in 2023 represented by the following main commodity groups:
- 73% (614 million US$): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
- 20% (169 million US$): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
- 3.41% (28 million US$): 2711 - Petroleum gases and other gaseous hydrocarbons
- 1.39% (11.5 million US$): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
- 0.821% (6.82 million US$): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
- 0.042% (351 thousand US$): 2712 - Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
- 0% (7.35 thousand US$): 2704 - Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon
- 0% (1.94 thousand US$): 2715 - Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs)
The value of imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" to Philippines totalled $ 21 billion in 2023. Sales of commodity group 27 to Philippines decreased by 17.6% in value terms compared to 2022. imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" decreased by $ 4.55 billion (the value of imports of commodity group 27 to Philippines was equal to $25 billion in 2022)
Imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" accounted for 15.8% of total import flow to Philippines (in 2023, total imports to Philippines amounted to $ 133 billion). The share of commodity group 27 in total imports to Philippines decreased by 1.8 p.p. compared to 2022 (it was 17.6% in 2022 and cumulative imports to Philippines were equal to $ 145 billion).
Where does Philippines import Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes from?
Top trading partners (import of "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes") of Philippines in 2023:
- Indonesia with a share of 19% (4.04 billion US$)
- China with a share of 16.4% (3.49 billion US$)
- Korea with a share of 14.9% (3.17 billion US$)
- Saudi Arabia with a share of 10.6% (2.26 billion US$)
- Singapore with a share of 8.63% (1.83 billion US$)
- Malaysia with a share of 7.49% (1.58 billion US$)
- United Arab Emirates with a share of 6.78% (1.43 billion US$)
- Japan with a share of 2% (424 million US$)
- Thailand with a share of 1.88% (399 million US$)
- Kuwait with a share of 1.81% (385 million US$)
Imports structure of 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes - to Philippines in 2023 represented by the following main commodity groups:
- 52% (11.2 billion US$): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
- 19.6% (4.16 billion US$): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
- 19.2% (4.07 billion US$): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
- 7.31% (1.55 billion US$): 2711 - Petroleum gases and other gaseous hydrocarbons
- 0.355% (75 million US$): 2713 - Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
- 0.253% (53 million US$): 2714 - Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
- 0.174% (37 million US$): 2704 - Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon
- 0.066% (14.1 million US$): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
- 0.039% (8.3 million US$): 2712 - Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
- 0.004% (903 thousand US$): 2715 - Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs)
