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2023
Exports $4.36MWorld Rnk 70 / 162
Flag Rnk 410 / 1123
2023
Destination $743k Thailand
2022 - 2023
FASTEST GROWING MARKET $743kThailand
2023
PRODUCT COMPLEXITY IN Margarine-0.85Rnk 793 / 1025
2023
Imports $50MWorld Rnk 45 / 221
Flag Rnk 341 / 1202
2023
Origin $2.41M Malaysia
2022 - 2023
FASTEST GROWING ORIGIN $2.41MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $4.36M in Margarine, making it the 70th largest exporter of Margarine in the world. At the same year, Margarine was the 410th most exported product in Philippines. The main destination of Margarine exports from Philippines are: Thailand ($1.05M), China ($696k), United States ($508k), Canada ($454k), and Malaysia ($363k).

The fastest growing export markets for Margarine of Philippines between 2022 and 2023 were Thailand ($743k), Canada ($341k), and Malaysia ($208k).

Imports In 2023, Philippines imported $50M in Margarine, becoming the 45th largest importer of Margarine in the world. At the same year, Margarine was the 341st most imported product in Philippines. Philippines imports Margarine primarily from: Malaysia ($19.6M), Indonesia ($17.2M), Singapore ($2.81M), China ($2.79M), and Australia ($2.3M).

The fastest growing import markets in Margarine for Philippines between 2022 and 2023 were China ($2.41M), Italy ($496k), and Spain ($356k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Margarine exports accounted up to $478k and imports accounted up to $4.55M, resulting in a negative trade balance of $4.07M. Between July 2023 and July 2024 the exports of Philippines'   Margarine have increased by $109k (29.6%) from $369k to $478k, while imports decreased by $-30.4k (-0.66%) from $4.58M to $4.55M.

Destinations In July 2024, Margarine were exported mostly to China ($254k), United States ($94.7k), Vietnam ($30.7k), Thailand ($23.3k), and Malaysia ($20.2k), and were imported mostly from Malaysia ($1.85M), Indonesia ($1.16M), China ($587k), Australia ($212k), and Singapore ($181k).

Growth In July 2024, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($14.3k or 293%) and Malaysia ($10.5k or 79.6%). In July 2024, the decrease in Margarine's year-by-year imports was explained primarily by a decrease in imports from Australia ($-12.3k or -2.93%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$109k(29.6%)
IMPORT GROWTH (July 2023 - July 2024)$-30.4k(-0.66%)
MAIN DESTINATION (July 2024)China$254k

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.36M
IMPORTS (2023)$50M
NET TRADE (2023)-$45.6M

In 2023, Philippines exported $4.36M in Margarine. The main destinations of Philippines exports on Margarine were Thailand ($1.05M), China ($696k), United States ($508k), Canada ($454k), and Malaysia ($363k).

In 2023, Philippines imported $50M in Margarine, mainly from Malaysia ($19.6M), Indonesia ($17.2M), Singapore ($2.81M), China ($2.79M), and Australia ($2.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Thailand$743k (244%)
Canada$341k (301%)
Malaysia$208k (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Philippines WERE (2022 - 2023):
China-$1.72M (-71.2%)
Burma-$165k (-100%)
Vietnam-$151k (-73.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Margarine were:
Indonesia $1.61B
Belgium $814M
Netherlands $682M
In 2023, Philippines's main importing competitors in Margarine were:
China $1.08B
France $521M
Germany $411M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.95M
TOP IMPORT POTENTIALIndonesia+ $5.63M

Margarine’s highest export potential is China. With an export gap of $1.95M.   Margarine’s highest import potential is Indonesia with an import gap of $5.63M.

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