2023
Exports
$505kWorld Rnk 83 / 169
Flag Rnk 656 / 1123
2023
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.65Rnk 965 / 1025
2023
Imports
$5.69MWorld Rnk 42 / 202
Flag Rnk 772 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $505k in Locust beans, seaweed, sugar beet, cane, for food, making it the 83rd largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 656th most exported product in Philippines. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Philippines are: Italy ($248k), Japan ($135k), United Arab Emirates ($30.4k), Canada ($28.4k), and United Kingdom ($12.5k).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Philippines between 2022 and 2023 were Italy ($246k), Japan ($92.3k), and Chinese Taipei ($7.61k).

Imports In 2023, Philippines imported $5.69M in Locust beans, seaweed, sugar beet, cane, for food, becoming the 42nd largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 772nd most imported product in Philippines. Philippines imports Locust beans, seaweed, sugar beet, cane, for food primarily from: China ($3.57M), New Zealand ($1.72M), Algeria ($156k), Spain ($117k), and Italy ($37.2k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Philippines between 2022 and 2023 were New Zealand ($711k), Algeria ($156k), and United States ($20.8k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-31k(-2.51%)
IMPORT GROWTH (July 2023 - July 2024)$532k(114%)
MAIN DESTINATION (July 2024)China$677k

This section shows Locust beans, seaweed, sugar beet, cane, for food'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 Locust beans, seaweed, sugar beet, cane, for food over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$505k
IMPORTS (2023)$5.69M
NET TRADE (2023)-$5.18M

In 2023, Philippines exported $505k in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Philippines exports on Locust beans, seaweed, sugar beet, cane, for food were Italy ($248k), Japan ($135k), United Arab Emirates ($30.4k), Canada ($28.4k), and United Kingdom ($12.5k).

In 2023, Philippines imported $5.69M in Locust beans, seaweed, sugar beet, cane, for food, mainly from China ($3.57M), New Zealand ($1.72M), Algeria ($156k), Spain ($117k), and Italy ($37.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Italy$246k (10.7k%)
Japan$92.3k (216%)
Chinese Taipei$7.61k (349%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Philippines WERE (2022 - 2023):
Canada-$59.9k (-67.9%)
Trinidad and Tobago-$46.1k (-100%)
United States-$36.4k (-93.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
China $500M
Nigeria $70.3M
Laos $65.9M
In 2023, Philippines's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.18M
TOP IMPORT POTENTIALChina+ $1.54M

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is China. With an export gap of $7.18M.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is China with an import gap of $1.54M.

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