2022
Exports
$3.96MWorld Rnk 64 / 152
Flag Rnk 435 / 1127
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$233MWorld Rnk 6 / 219
Flag Rnk 142 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.96M in Fermented Milk Products, making it the 64th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 435th most exported product in Philippines. The main destination of Fermented Milk Products exports from Philippines are: Vietnam ($2.52M), United Arab Emirates ($618k), Kuwait ($378k), Thailand ($319k), and Brunei ($45.2k).

The fastest growing export markets for Fermented Milk Products of Philippines between 2021 and 2022 were Thailand ($296k), Kuwait ($289k), and Brunei ($45.2k).

Imports In 2022, Philippines imported $233M in Fermented Milk Products, becoming the 6th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 142nd most imported product in Philippines. Philippines imports Fermented Milk Products primarily from: Thailand ($51.1M), New Zealand ($45M), United States ($28.9M), Germany ($19.6M), and Belgium ($16.9M).

The fastest growing import markets in Fermented Milk Products for Philippines between 2021 and 2022 were Belgium ($10.9M), Ireland ($9.77M), and Thailand ($6.73M).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-13.8k(-25.4%)
IMPORT GROWTH (December 2022 - December 2023)$-4.24M(-29.8%)
MAIN DESTINATION (December 2023)

This section shows Fermented Milk Products'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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.96M
IMPORTS (2022)$233M
NET TRADE (2022)-$229M

In 2022, Philippines exported $3.96M in Fermented Milk Products. The main destinations of Philippines exports on Fermented Milk Products were Vietnam ($2.52M), United Arab Emirates ($618k), Kuwait ($378k), Thailand ($319k), and Brunei ($45.2k).

In 2022, Philippines imported $233M in Fermented Milk Products, mainly from Thailand ($51.1M), New Zealand ($45M), United States ($28.9M), Germany ($19.6M), and Belgium ($16.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$296k (1.33k%)
Kuwait$289k (324%)
Brunei$45.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Philippines WERE (2021 - 2022):
Vietnam-$3.25M (-56.4%)
Qatar-$227k (-90.4%)
Bahrain-$41.1k (-68.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Fermented Milk Products were:
In 2022, Philippines's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALKuwait+ $112k
TOP IMPORT POTENTIALFrance+ $2.61M

Fermented Milk Products’s highest export potential is Kuwait. With an export gap of $112k.   Fermented Milk Products’s highest import potential is France with an import gap of $2.61M.

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