Food preparations nes in Philippines | The Observatory of Economic Complexity

About

Imports In 2022, Philippines imported $1.06B in Food preparations nes, becoming the 12th largest importer of Food preparations nes in the world. At the same year, Food preparations nes was the 15th most imported product in Philippines. Philippines imports Food preparations nes primarily from: Singapore ($343M), Indonesia ($103M), United States ($103M), Vietnam ($101M), and Malaysia ($85.6M).

The fastest growing import markets in Food preparations nes for Philippines between 2021 and 2022 were Vietnam ($46M), Indonesia ($32.8M), and Malaysia ($21.1M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Food preparations nes from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Food preparations nes exports accounted up to $5.05M and imports accounted up to $89.6M, resulting in a negative trade balance of $84.5M. Between June 2023 and June 2024 the exports of Philippines' Food preparations nes have decreased by $-152k (-2.92%) from $5.2M to $5.05M, while imports increased by $17.9M (24.9%) from $71.7M to $89.6M.

Destinations In June 2024, Food preparations nes were exported mostly to Malaysia ($1.17M), Japan ($796k), United States ($633k), China ($367k), and United Kingdom ($359k), and were imported mostly from Singapore ($63.1M), Thailand ($8.06M), Vietnam ($3.37M), United States ($3.28M), and Spain ($2.3M).

Growth In June 2024, the decrease in Food preparations nes's year-by-year exports was explained primarily by a decrease in exports to Italy ($-296k or -96.8%), Netherlands ($-179k or -49.2%), and United States ($-172k or -14.3%). In June 2024, the increase in Food preparations nes's year-by-year imports was explained primarily by an increase in imports from China ($4.21M or 144%), Singapore ($3.85M or 19.5%), and Indonesia ($3.43M or 57.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-152k(-2.92%)

IMPORT GROWTH (June 2023 - June 2024)$17.9M(24.9%)

MAIN DESTINATION (June 2024)Malaysia$1.17M

This section shows Food preparations nes'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 Food preparations nes over time.

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