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2022
Exports $2.15MWorld Rnk 36 / 123
Flag Rnk 517 / 1127
2022
Destination $1.35M Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.35MNetherlands
2022
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 920 / 1025
2022
Imports $1.38MWorld Rnk 65 / 179
Flag Rnk 969 / 1201
2022
Origin $185k Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $185kIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.15M in Cocoa Butter, making it the 36th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 517th most exported product in Philippines. The main destination of Cocoa Butter exports from Philippines are: Netherlands ($1.99M), United Kingdom ($146k), Kuwait ($7.29k), Chinese Taipei ($4.46k), and Hong Kong ($3.05k).

The fastest growing export markets for Cocoa Butter of Philippines between 2021 and 2022 were Netherlands ($1.35M), Chinese Taipei ($4.13k), and Hong Kong ($3.05k).

Imports In 2022, Philippines imported $1.38M in Cocoa Butter, becoming the 65th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 969th most imported product in Philippines. Philippines imports Cocoa Butter primarily from: Malaysia ($768k), Indonesia ($289k), China ($93.2k), France ($80.6k), and United States ($73.6k).

The fastest growing import markets in Cocoa Butter for Philippines between 2021 and 2022 were Indonesia ($185k), Malaysia ($128k), and China ($93.2k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Cocoa Butter exports accounted up to $1.65M and imports accounted up to $817k, resulting in a positive trade balance of $836k. Between July 2023 and August 2024 the exports of Philippines'   Cocoa Butter have increased by $1.32M (402%) from $329k to $1.65M, while imports increased by $538k (193%) from $279k to $817k.

Destinations In August 2024, Cocoa Butter were exported mostly to , and were imported mostly from Malaysia ($781k), Vietnam ($19k), and Colombia ($17k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)$1.32M(402%)
IMPORT GROWTH (August 2023 - September 2024)$538k(193%)
MAIN DESTINATION (August 2024)

This section shows Cocoa Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.15M
IMPORTS (2022)$1.38M
NET TRADE (2022)$771k

In 2022, Philippines exported $2.15M in Cocoa Butter. The main destinations of Philippines exports on Cocoa Butter were Netherlands ($1.99M), United Kingdom ($146k), Kuwait ($7.29k), Chinese Taipei ($4.46k), and Hong Kong ($3.05k).

In 2022, Philippines imported $1.38M in Cocoa Butter, mainly from Malaysia ($768k), Indonesia ($289k), China ($93.2k), France ($80.6k), and United States ($73.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$1.35M (210%)
Chinese Taipei$4.13k (1.28k%)
Hong Kong$3.05k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Philippines WERE (2021 - 2022):
Germany-$1M (-100%)
United Kingdom-$744k (-83.6%)
Kuwait-$22.9k (-75.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cocoa Butter were:
Netherlands $1.37B
Indonesia $669M
Malaysia $617M
In 2022, Philippines's main importing competitors in Cocoa Butter were:
Germany $710M
United States $598M
Belgium $513M

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $12.6k
TOP IMPORT POTENTIALIndonesia+ $328k

Cocoa Butter’s highest export potential is Switzerland. With an export gap of $12.6k.   Cocoa Butter’s highest import potential is Indonesia with an import gap of $328k.

See methodology.

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