Baked Goods in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $160M in Baked Goods, making it the 40th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 77th most exported product in Philippines. The main destination of Baked Goods exports from Philippines are: United States ($44.8M), United Arab Emirates ($18.7M), Canada ($18.2M), Australia ($6.56M), and Qatar ($6.18M).

The fastest growing export markets for Baked Goods of Philippines between 2021 and 2022 were United States ($15.3M), United Arab Emirates ($7.88M), and Canada ($4.06M).

Imports In 2022, Philippines imported $271M in Baked Goods, becoming the 37th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 124th most imported product in Philippines. Philippines imports Baked Goods primarily from: Indonesia ($90.6M), United States ($36.8M), China ($36.3M), Malaysia ($32.7M), and Thailand ($13.2M).

The fastest growing import markets in Baked Goods for Philippines between 2021 and 2022 were Indonesia ($32.9M), Malaysia ($13.5M), and United States ($11.6M).

COMPANIES In 2022, leading companies such as Walong Marketing (2) were at the forefront of shipping Baked Goods from Philippines to the United States.

Latest Trends

December 2022

About

Overview In December 2022 Philippines' Baked Goods exports accounted up to $13M and imports accounted up to $22.1M, resulting in a negative trade balance of $9.14M. Between December 2021 and December 2022 the exports of Philippines' Baked Goods have increased by $993k (8.3%) from $12M to $13M, while imports increased by $7.3M (49.3%) from $14.8M to $22.1M.

Destinations In December 2022, Baked Goods were exported mostly to United States ($2.33M), France ($1.23M), United Arab Emirates ($1.09M), Singapore ($1.07M), and Canada ($944k), and were imported mostly from Indonesia ($9.02M), China ($3.38M), United States ($2.7M), Malaysia ($1.88M), and Thailand ($1.16M).

Growth In December 2022, the increase in Baked Goods's year-by-year exports was explained primarily by an increase in exports to France ($723k or 1.43k%), United Arab Emirates ($402k or 33.3%), and United States ($379k or 23.2%). In December 2022, the increase in Baked Goods's year-by-year imports was explained primarily by an increase in imports from Indonesia ($1.26M or 30.6%), United States ($1.22M or 218%), and Malaysia ($710k or 48.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2021 - December 2022)$993k(8.3%)

IMPORT GROWTH (December 2021 - December 2022)$7.3M(49.3%)

MAIN DESTINATION (December 2022)United States$2.33M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$160M

IMPORTS (2022)$271M

NET TRADE (2022)-$111M

In 2022, Philippines exported $160M in Baked Goods. The main destinations of Philippines exports on Baked Goods were United States ($44.8M), United Arab Emirates ($18.7M), Canada ($18.2M), Australia ($6.56M), and Qatar ($6.18M).

In 2022, Philippines imported $271M in Baked Goods, mainly from Indonesia ($90.6M), United States ($36.8M), China ($36.3M), Malaysia ($32.7M), and Thailand ($13.2M).

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