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2022
Exports $563kWorld Rnk 87 / 142
Flag Rnk 653 / 1127
2022
Destination $239k South Korea
2021 - 2022
FASTEST GROWING MARKET $239kSouth Korea
2022
PRODUCT COMPLEXITY IN Alcohol > 80% ABV-0.82Rnk 784 / 1025
2022
Imports $368MWorld Rnk 9 / 209
Flag Rnk 92 / 1201
2022
Origin $103M United States
2021 - 2022
FASTEST GROWING ORIGIN $103MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $563k in Alcohol > 80% ABV, making it the 87th largest exporter of Alcohol > 80% ABV in the world. At the same year, Alcohol > 80% ABV was the 653rd most exported product in Philippines. The main destination of Alcohol > 80% ABV exports from Philippines are: South Korea ($281k), Qatar ($88.9k), Oman ($61.5k), Bahrain ($53.5k), and Australia ($28.5k).

The fastest growing export markets for Alcohol > 80% ABV of Philippines between 2021 and 2022 were South Korea ($239k), Oman ($61.5k), and Bahrain ($45.3k).

Imports In 2022, Philippines imported $368M in Alcohol > 80% ABV, becoming the 9th largest importer of Alcohol > 80% ABV in the world. At the same year, Alcohol > 80% ABV was the 92nd most imported product in Philippines. Philippines imports Alcohol > 80% ABV primarily from: United States ($170M), Indonesia ($64.6M), Australia ($42.2M), Brazil ($42.1M), and Pakistan ($33.7M).

The fastest growing import markets in Alcohol > 80% ABV for Philippines between 2021 and 2022 were United States ($103M), Brazil ($14.8M), and Pakistan ($2.8M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Alcohol > 80% ABV exports accounted up to $29k and imports accounted up to $29.3M, resulting in a negative trade balance of $29.3M. Between October 2022 and June 2024 the exports of Philippines'   Alcohol > 80% ABV have increased by $19.5k (206%) from $9.45k to $29k, while imports increased by $5.69M (24.1%) from $23.7M to $29.3M.

Destinations In June 2024, Alcohol > 80% ABV were exported mostly to Hong Kong ($18.8k), South Korea ($8.11k), and Chinese Taipei ($2.08k), and were imported mostly from United States ($19.1M), Brazil ($3.73M), Australia ($2.7M), Pakistan ($2.41M), and Paraguay ($550k).

Growth In June 2024, the increase in Alcohol > 80% ABV's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Alcohol > 80% ABV's year-by-year imports was explained primarily by an increase in imports from Brazil ($11.3M or 298%), Australia ($1.88M or 97.9%), and Singapore ($871k or 131%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - June 2024)$19.5k(206%)
IMPORT GROWTH (June 2023 - June 2024)$5.69M(24.1%)
MAIN DESTINATION (June 2024)Hong Kong$18.8k

This section shows Alcohol > 80% ABV'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 Alcohol > 80% ABV over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$563k
IMPORTS (2022)$368M
NET TRADE (2022)-$367M

In 2022, Philippines exported $563k in Alcohol > 80% ABV. The main destinations of Philippines exports on Alcohol > 80% ABV were South Korea ($281k), Qatar ($88.9k), Oman ($61.5k), Bahrain ($53.5k), and Australia ($28.5k).

In 2022, Philippines imported $368M in Alcohol > 80% ABV, mainly from United States ($170M), Indonesia ($64.6M), Australia ($42.2M), Brazil ($42.1M), and Pakistan ($33.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Alcohol > 80% ABV EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$239k (575%)
Oman$61.5k (1%)
Bahrain$45.3k (552%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Alcohol > 80% ABV BY Philippines WERE (2021 - 2022):
Vietnam-$1.69M (-100%)
Qatar-$766k (-89.6%)
Singapore-$208k (-99.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Alcohol > 80% ABV were:
United States $4.14B
Brazil $1.8B
Netherlands $1.69B
In 2022, Philippines's main importing competitors in Alcohol > 80% ABV were:
Netherlands $2.53B
Germany $1.64B
Canada $1.52B

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Trade Value of Alcohol > 80% ABV by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $13.1k
TOP IMPORT POTENTIALBrazil+ $8.6M

Alcohol > 80% ABV’s highest export potential is United Arab Emirates. With an export gap of $13.1k.   Alcohol > 80% ABV’s highest import potential is Brazil with an import gap of $8.6M.

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