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2022
Exports $11.7MWorld Rnk 31 / 125
Flag Rnk 316 / 1127
falsefalse Malaysia
2022
PRODUCT COMPLEXITY IN Cocoa Beans-2.82Rnk 1025 / 1025
2022
Imports $1.69MWorld Rnk 43 / 159
Flag Rnk 959 / 1201
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $11.7M in Cocoa Beans, making it the 31st largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 316th most exported product in Philippines. The main destination of Cocoa Beans exports from Philippines are: Malaysia ($6.81M), Singapore ($3.88M), South Korea ($216k), Indonesia ($212k), and Vietnam ($197k).

Imports In 2022, Philippines imported $1.69M in Cocoa Beans, becoming the 43rd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 959th most imported product in Philippines. Philippines imports Cocoa Beans primarily from: Indonesia ($1.21M), Ecuador ($335k), Madagascar ($103k), Papua New Guinea ($36.8k), and Netherlands ($4.16k).

The fastest growing import markets in Cocoa Beans for Philippines between 2021 and 2022 were Indonesia ($555k), Papua New Guinea ($5.65k), and Netherlands ($697).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Cocoa Beans exports accounted up to $1.38M and imports accounted up to $220k, resulting in a positive trade balance of $1.16M. Between June 2023 and June 2024 the exports of Philippines'   Cocoa Beans have increased by $513k (59.2%) from $866k to $1.38M, while imports increased by $220k (72.6k%) from $303 to $220k.

Destinations In June 2024, Cocoa Beans were exported mostly to Malaysia ($1.35M), South Korea ($25.9k), and United Arab Emirates ($60), and were imported mostly from Ecuador ($219k) and Belgium ($1.13k).

Growth In June 2024, the increase in Cocoa Beans's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$513k(59.2%)
IMPORT GROWTH (October 2022 - June 2024)$220k(72.6k%)
MAIN DESTINATION (June 2024)Malaysia$1.35M

This section shows Cocoa Beans'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 Cocoa Beans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.7M
IMPORTS (2022)$1.69M
NET TRADE (2022)$10M

In 2022, Philippines exported $11.7M in Cocoa Beans. The main destinations of Philippines exports on Cocoa Beans were Malaysia ($6.81M), Singapore ($3.88M), South Korea ($216k), Indonesia ($212k), and Vietnam ($197k).

In 2022, Philippines imported $1.69M in Cocoa Beans, mainly from Indonesia ($1.21M), Ecuador ($335k), Madagascar ($103k), Papua New Guinea ($36.8k), and Netherlands ($4.16k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.33B
Ghana $1.08B
Ecuador $937M
In 2022, Philippines's main importing competitors in Cocoa Beans were:
Netherlands $1.68B
Malaysia $1.02B
United States $874M

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $544k
TOP IMPORT POTENTIALMadagascar+ $77.1k

Cocoa Beans’s highest export potential is Malaysia. With an export gap of $544k.   Cocoa Beans’s highest import potential is Madagascar with an import gap of $77.1k.

See methodology.

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