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2022
Exports $9.47kWorld Rnk 59 / 85
Flag Rnk 997 / 1127
2022
Destination $9.38k Thailand
2021 - 2022
FASTEST GROWING MARKET $9.38kThailand
2022
PRODUCT COMPLEXITY IN Hops0.45Rnk 387 / 1025
2022
Imports $2.3MWorld Rnk 40 / 160
Flag Rnk 927 / 1201
2022
Origin $245k Germany
2021 - 2022
FASTEST GROWING ORIGIN $245kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $9.47k in Hops, making it the 59th largest exporter of Hops in the world. At the same year, Hops was the 997th most exported product in Philippines. The main destination of Hops exports from Philippines are: Thailand ($9.38k) and Netherlands ($87).

The fastest growing export markets for Hops of Philippines between 2021 and 2022 were Thailand ($9.38k) and Netherlands ($87).

Imports In 2022, Philippines imported $2.3M in Hops, becoming the 40th largest importer of Hops in the world. At the same year, Hops was the 927th most imported product in Philippines. Philippines imports Hops primarily from: Germany ($1.55M), United States ($673k), Hong Kong ($69.9k), United Kingdom ($3.34k), and Vietnam ($940).

The fastest growing import markets in Hops for Philippines between 2021 and 2022 were United States ($245k), Hong Kong ($46.6k), and United Kingdom ($3.34k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hops. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.47k
IMPORTS (2022)$2.3M
NET TRADE (2022)-$2.29M

In 2022, Philippines exported $9.47k in Hops. The main destinations of Philippines exports on Hops were Thailand ($9.38k) and Netherlands ($87).

In 2022, Philippines imported $2.3M in Hops, mainly from Germany ($1.55M), United States ($673k), Hong Kong ($69.9k), United Kingdom ($3.34k), and Vietnam ($940).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$9.38k (1%)
Netherlands$87 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY Philippines WERE (2021 - 2022):Vietnam-$5.7k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Hops were:
United States $298M
Germany $284M
Czechia $63.1M
In 2022, Philippines's main importing competitors in Hops were:
Germany $81.7M
United Kingdom $78.3M
United States $67.1M

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.93k
TOP IMPORT POTENTIALUnited States+ $151k

Hops’s highest export potential is Thailand. With an export gap of $1.93k.   Hops’s highest import potential is United States with an import gap of $151k.

See methodology.

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