Vegetable Saps in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $274M in Vegetable Saps, making it the 9th largest exporter of Vegetable Saps in the world. At the same year, Vegetable Saps was the 45th most exported product in Philippines. The main destination of Vegetable Saps exports from Philippines are: United States ($58.8M), Spain ($25.1M), Netherlands ($18.7M), Germany ($17.3M), and Mexico ($13.2M).

The fastest growing export markets for Vegetable Saps of Philippines between 2021 and 2022 were United States ($20.4M), Spain ($14.5M), and Mexico ($5.28M).

Imports In 2022, Philippines imported $64.9M in Vegetable Saps, becoming the 30th largest importer of Vegetable Saps in the world. At the same year, Vegetable Saps was the 345th most imported product in Philippines. Philippines imports Vegetable Saps primarily from: China ($41.9M), Indonesia ($4.37M), France ($2.63M), Denmark ($2.32M), and South Korea ($1.98M).

The fastest growing import markets in Vegetable Saps for Philippines between 2021 and 2022 were China ($15.1M), Denmark ($1.12M), and France ($933k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Vegetable Saps from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Vegetable Saps exports accounted up to $17.3M and imports accounted up to $3.58M, resulting in a positive trade balance of $13.7M. Between August 2020 and August 2021 the exports of Philippines' Vegetable Saps have increased by $5.45M (46.1%) from $11.8M to $17.3M, while imports increased by $1.37M (62.2%) from $2.21M to $3.58M.

Destinations In August 2021, Vegetable Saps were exported mostly to United States ($4.66M), Germany ($1.98M), United Kingdom ($1.48M), Mexico ($1.21M), and Netherlands ($1.09M), and were imported mostly from China ($2.33M), France ($493k), United States ($234k), Singapore ($127k), and Indonesia ($105k).

Growth In August 2021, the increase in Vegetable Saps's year-by-year exports was explained primarily by an increase in exports to United States ($950k or 32.3%), Germany ($933k or 570%), and Japan ($376k or 167%). In August 2021, the increase in Vegetable Saps's year-by-year imports was explained primarily by an increase in imports from United States ($311k or 98.3%), Indonesia ($158k or 2.54k%), and Denmark ($139k or 227%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$5.45M(46.1%)

IMPORT GROWTH (August 2020 - August 2021)$1.37M(62.2%)

MAIN DESTINATION (August 2021)United States$4.66M

This section shows Vegetable Saps'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 Vegetable Saps over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$274M

IMPORTS (2022)$64.9M

NET TRADE (2022)$209M

In 2022, Philippines exported $274M in Vegetable Saps. The main destinations of Philippines exports on Vegetable Saps were United States ($58.8M), Spain ($25.1M), Netherlands ($18.7M), Germany ($17.3M), and Mexico ($13.2M).

In 2022, Philippines imported $64.9M in Vegetable Saps, mainly from China ($41.9M), Indonesia ($4.37M), France ($2.63M), Denmark ($2.32M), and South Korea ($1.98M).

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