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2023
Exports $41.6kWorld Rnk 113 / 150
Flag Rnk 901 / 1123
2023
Destination $27.7k Kuwait
2022 - 2023
FASTEST GROWING MARKET $27.7kKuwait
2023
PRODUCT COMPLEXITY IN Ground Nuts-2.38Rnk 1017 / 1025
2023
Imports $61.6MWorld Rnk 17 / 207
Flag Rnk 298 / 1202
2023
Origin $4.21M China
2022 - 2023
FASTEST GROWING ORIGIN $4.21MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $41.6k in Ground Nuts, making it the 113th largest exporter of Ground Nuts in the world. At the same year, Ground Nuts was the 901st most exported product in Philippines. The main destination of Ground Nuts exports from Philippines are: Kuwait ($29.6k), Canada ($8.4k), United Arab Emirates ($3.32k), Norway ($177), and Finland ($110).

The fastest growing export markets for Ground Nuts of Philippines between 2022 and 2023 were Kuwait ($27.7k), Canada ($8.38k), and United Arab Emirates ($2.12k).

Imports In 2023, Philippines imported $61.6M in Ground Nuts, becoming the 17th largest importer of Ground Nuts in the world. At the same year, Ground Nuts was the 298th most imported product in Philippines. Philippines imports Ground Nuts primarily from: China ($31.5M), India ($22.1M), Argentina ($7.51M), Mozambique ($408k), and Brazil ($149k).

The fastest growing import markets in Ground Nuts for Philippines between 2022 and 2023 were China ($4.21M), Argentina ($920k), and India ($737k).

Latest Trends

February 2023

About

Overview In February 2023 Philippines' Ground Nuts exports accounted up to $29.6k and imports accounted up to $4.22M, resulting in a negative trade balance of $4.19M. Between November 2019 and February 2023 the exports of Philippines'   Ground Nuts have increased by $29.4k (24.5k%) from $120 to $29.6k, while imports increased by $1.17M (38.3%) from $3.05M to $4.22M.

Destinations In February 2023, Ground Nuts were exported mostly to , and were imported mostly from China ($2.73M), India ($1.19M), and Argentina ($295k).

Growth In February 2023, the increase in Ground Nuts's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Ground Nuts's year-by-year imports was explained primarily by an increase in imports from Argentina ($234k or 591%) and India ($180k or 13%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2019 - February 2023)$29.4k(24.5k%)
IMPORT GROWTH (July 2023 - July 2024)$1.17M(38.3%)
MAIN DESTINATION (February 2023)

This section shows Ground Nuts'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 Ground Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$41.6k
IMPORTS (2023)$61.6M
NET TRADE (2023)-$61.6M

In 2023, Philippines exported $41.6k in Ground Nuts. The main destinations of Philippines exports on Ground Nuts were Kuwait ($29.6k), Canada ($8.4k), United Arab Emirates ($3.32k), Norway ($177), and Finland ($110).

In 2023, Philippines imported $61.6M in Ground Nuts, mainly from China ($31.5M), India ($22.1M), Argentina ($7.51M), Mozambique ($408k), and Brazil ($149k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nuts EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Kuwait$27.7k (1.48k%)
Canada$8.38k (31k%)
United Arab Emirates$2.12k (176%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nuts BY Philippines WERE (2022 - 2023):
Saudi Arabia-$20k (-100%)
United Kingdom-$1.29k (-100%)
Maldives-$660 (-95.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Ground Nuts were:
Argentina $836M
India $807M
United States $658M
In 2023, Philippines's main importing competitors in Ground Nuts were:
China $716M
Netherlands $544M
Indonesia $375M

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Trade Value of Ground Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $3.62k
TOP IMPORT POTENTIALChina+ $1.94M

Ground Nuts’s highest export potential is United Kingdom. With an export gap of $3.62k.   Ground Nuts’s highest import potential is China with an import gap of $1.94M.

See methodology.

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