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2023
Exports $125MWorld Rnk 40 / 204
Flag Rnk 91 / 1123
2023
Destination $933k United States
2022 - 2023
FASTEST GROWING MARKET $933kMalaysia
2023
PRODUCT COMPLEXITY IN Flavored Water-0.42Rnk 671 / 1025
2023
Imports $207MWorld Rnk 35 / 226
Flag Rnk 126 / 1202
2023
Origin $10.2M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $10.2MVietnam
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $125M in Flavored Water, making it the 40th largest exporter of Flavored Water in the world. At the same year, Flavored Water was the 91st most exported product in Philippines. The main destination of Flavored Water exports from Philippines are: United States ($109M), Malaysia ($3.33M), United Kingdom ($2.58M), Singapore ($1.05M), and China ($1.01M).

The fastest growing export markets for Flavored Water of Philippines between 2022 and 2023 were Malaysia ($933k), Saudi Arabia ($265k), and Japan ($158k).

Imports In 2023, Philippines imported $207M in Flavored Water, becoming the 35th largest importer of Flavored Water in the world. At the same year, Flavored Water was the 126th most imported product in Philippines. Philippines imports Flavored Water primarily from: Thailand ($103M), Vietnam ($32M), China ($12.6M), Indonesia ($11.8M), and Bangladesh ($8.64M).

The fastest growing import markets in Flavored Water for Philippines between 2022 and 2023 were Vietnam ($10.2M), Indonesia ($4.34M), and Thailand ($3.49M).

COMPANIES In 2023, leading companies such as Del Monte Foods (1) were at the forefront of shipping Flavored Water from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Flavored Water exports accounted up to $787k and imports accounted up to $23.7M, resulting in a negative trade balance of $22.9M. Between July 2023 and July 2024 the exports of Philippines'   Flavored Water have decreased by $-230k (-22.6%) from $1.02M to $787k, while imports increased by $5.13M (27.7%) from $18.5M to $23.7M.

Destinations In July 2024, Flavored Water were exported mostly to Malaysia ($222k), Singapore ($108k), United States ($69.7k), Guam ($65.4k), and Canada ($35.7k), and were imported mostly from Thailand ($11.7M), Indonesia ($3.64M), Vietnam ($2.41M), China ($1.48M), and Malaysia ($942k).

Growth In July 2024, the decrease in Flavored Water's year-by-year exports was explained primarily by a decrease in exports to Qatar ($-36.2k or -95.5%), Malaysia ($-10.1k or -7%), and Singapore ($-7.26k or -12.9%). In July 2024, the increase in Flavored Water's year-by-year imports was explained primarily by an increase in imports from Thailand ($3.95M or 55.9%), Vietnam ($1.91M or 181%), and Bangladesh ($1.11M or 4.1k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-230k(-22.6%)
IMPORT GROWTH (July 2023 - July 2024)$5.13M(27.7%)
MAIN DESTINATION (July 2024)Malaysia$222k

This section shows Flavored Water'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 Flavored Water over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$125M
IMPORTS (2023)$207M
NET TRADE (2023)-$81.9M

In 2023, Philippines exported $125M in Flavored Water. The main destinations of Philippines exports on Flavored Water were United States ($109M), Malaysia ($3.33M), United Kingdom ($2.58M), Singapore ($1.05M), and China ($1.01M).

In 2023, Philippines imported $207M in Flavored Water, mainly from Thailand ($103M), Vietnam ($32M), China ($12.6M), Indonesia ($11.8M), and Bangladesh ($8.64M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Flavored Water EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Malaysia$933k (39%)
Saudi Arabia$265k (272%)
Japan$158k (36.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flavored Water BY Philippines WERE (2022 - 2023):
United States-$20.1M (-15.6%)
United Kingdom-$16.7M (-86.6%)
Canada-$1.02M (-50.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Flavored Water were:
Austria $3.26B
Germany $2.34B
Netherlands $2.3B
In 2023, Philippines's main importing competitors in Flavored Water were:
United States $3.14B
Germany $2.01B
United Kingdom $1.95B

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Trade Value of Flavored Water by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $9.98M
TOP IMPORT POTENTIALChina+ $3.26M

Flavored Water’s highest export potential is United Kingdom. With an export gap of $9.98M.   Flavored Water’s highest import potential is China with an import gap of $3.26M.

See methodology.

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