Philippines / New Zealand

Overview In August 2021, Philippines exported $6.09M and imported $51.8M from New Zealand, resulting in a negative trade balance of $45.7M. Between August 2020 and August 2021 the exports of Philippines have increased by $2.58M (73.5%) from $3.51M to $6.09M, while imports increased by $13M (33.5%) from $38.8M to $51.8M.

Trade In August 2021, the top exports of Philippines to New Zealand were Trunks and Cases ($453k), Bananas ($350k), Industrial Printers ($320k), Packing Bags ($319k), and Electric Batteries ($224k). In August 2021 the top imports of Philippines from New Zealand were Concentrated Milk ($13.9M), Butter ($12.2M), Cheese ($5.99M), Casein ($2.02M), and Fermented Milk Products ($1.84M).

Growth In August 2021, the increase in Philippines's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Electric Batteries ($112k or 100%), Fruit Juice ($110k or 230%), and Packing Bags ($49.9k or 18.5%). In August 2021, the increase in Philippines's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Cheese ($2.11M or 54.4%), Other Edible Preparations ($1.43M or 367%), and Non-fillet Frozen Fish ($797k or 90.1%).