Industrial Food Preperation Machinery in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $6.77M in Industrial Food Preperation Machinery, making it the 57th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 382nd most exported product in Philippines. The main destination of Industrial Food Preperation Machinery exports from Philippines are: Australia ($1.96M), Indonesia ($829k), Slovakia ($506k), China ($471k), and India ($463k).

The fastest growing export markets for Industrial Food Preperation Machinery of Philippines between 2021 and 2022 were Slovakia ($506k), China ($392k), and Uzbekistan ($375k).

Imports In 2022, Philippines imported $92M in Industrial Food Preperation Machinery, becoming the 40th largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 288th most imported product in Philippines. Philippines imports Industrial Food Preperation Machinery primarily from: China ($26.1M), Italy ($8.7M), United States ($8.49M), Germany ($8.17M), and Chinese Taipei ($4.68M).

The fastest growing import markets in Industrial Food Preperation Machinery for Philippines between 2021 and 2022 were China ($3.86M), Australia ($1.95M), and Sweden ($1.76M).

COMPANIES In 2022, leading companies such as Walong Marketing (1) were at the forefront of shipping Industrial Food Preperation Machinery from Philippines to the United States.

Latest Trends

December 2022

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Overview In December 2022 Philippines' Industrial Food Preperation Machinery exports accounted up to $637k and imports accounted up to $4.76M, resulting in a negative trade balance of $4.12M. Between December 2021 and December 2022 the exports of Philippines' Industrial Food Preperation Machinery have increased by $477k (300%) from $159k to $637k, while imports decreased by $-1.46M (-23.4%) from $6.22M to $4.76M.

Destinations In December 2022, Industrial Food Preperation Machinery were exported mostly to Australia ($487k), Bangladesh ($79.5k), Japan ($55.9k), Saudi Arabia ($8.45k), and Thailand ($5.33k), and were imported mostly from China ($1.01M), Germany ($778k), India ($682k), United States ($451k), and Japan ($300k).

Growth In December 2022, the increase in Industrial Food Preperation Machinery's year-by-year exports was explained primarily by an increase in exports to . In December 2022, the decrease in Industrial Food Preperation Machinery's year-by-year imports was explained primarily by a decrease in imports from Japan ($-2.02M or -94%), South Africa ($-1.78M or -100%), and Spain ($-994k or -99.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2021 - December 2022)$477k(300%)

IMPORT GROWTH (December 2021 - December 2022)$-1.46M(-23.4%)

MAIN DESTINATION (December 2022)Australia$487k

This section shows Industrial Food Preperation Machinery'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 Industrial Food Preperation Machinery over time.

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