Foodstuffs in   Philippines

Overview In July 2024 Philippines' Foodstuffs exports accounted up to $216M and imports accounted up to $756M, resulting in a negative trade balance of $540M. Between July 2023 and July 2024 the exports of Philippines'   Foodstuffs have increased by $17.7M (8.9%) from $198M to $216M, while imports decreased by $-12M (-1.56%) from $768M to $756M.

Destinations In July 2024, Foodstuffs were exported mostly to United States ($47.9M), South Korea ($13.6M), Japan ($13.4M), Spain ($11.2M), and United Arab Emirates ($10.7M), and were imported mostly from United States ($174M), Indonesia ($95.9M), China ($82M), Singapore ($67.3M), and Thailand ($63.4M).

Growth In July 2024, the increase in Foodstuffs's year-by-year exports was explained primarily by an increase in exports to Burma ($3.44M or 232%), Germany ($2.8M or 53.8%), and Maldives ($2.78M or 10.4k%). In July 2024, the decrease in Foodstuffs's year-by-year imports was explained primarily by a decrease in imports from United States ($-67.3M or -29.5%), Argentina ($-43.3M or -56%), and Vietnam ($-14.8M or -42.9%).