Miscellaneous Chocolate/Cocoa Preparations in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $9.38M in Miscellaneous Chocolate/Cocoa Preparations, making it the 69th largest exporter of Miscellaneous Chocolate/Cocoa Preparations in the world. At the same year, Miscellaneous Chocolate/Cocoa Preparations was the 578th most exported product in Philippines. The main destination of Miscellaneous Chocolate/Cocoa Preparations exports from Philippines are: United States ($2.91M), Indonesia ($1.25M), China ($985k), Hong Kong ($578k), and Thailand ($392k).

The fastest growing export markets for Miscellaneous Chocolate/Cocoa Preparations of Philippines between 2021 and 2022 were United States ($696k), Hong Kong ($417k), and Mauritius ($324k).

Imports In 2022, Philippines imported $169M in Miscellaneous Chocolate/Cocoa Preparations, becoming the 26th largest importer of Miscellaneous Chocolate/Cocoa Preparations in the world. At the same year, Miscellaneous Chocolate/Cocoa Preparations was the 164th most imported product in Philippines. Philippines imports Miscellaneous Chocolate/Cocoa Preparations primarily from: Indonesia ($45.2M), United States ($36.7M), China ($23.9M), Australia ($11.7M), and Malaysia ($11.2M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Miscellaneous Chocolate/Cocoa Preparations from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Miscellaneous Chocolate/Cocoa Preparations exports accounted up to $1.16M and imports accounted up to $13.4M, resulting in a negative trade balance of $12.3M. Between July 2023 and July 2024 the exports of Philippines' Miscellaneous Chocolate/Cocoa Preparations have increased by $919k (384%) from $240k to $1.16M, while imports increased by $2.48M (22.7%) from $11M to $13.4M.

Destinations In July 2024, Miscellaneous Chocolate/Cocoa Preparations were exported mostly to Kuwait ($204k), Japan ($189k), Indonesia ($183k), China ($175k), and Singapore ($164k), and were imported mostly from Indonesia ($3.68M), Australia ($2.61M), United States ($1.37M), Singapore ($892k), and China ($886k).

Growth In July 2024, the increase in Miscellaneous Chocolate/Cocoa Preparations's year-by-year exports was explained primarily by an increase in exports to Thailand ($13.5k or 16.6%), Australia ($2.8k or 362%), and China ($1.48k or 3.01%). In July 2024, the increase in Miscellaneous Chocolate/Cocoa Preparations's year-by-year imports was explained primarily by an increase in imports from Netherlands ($764k or 6.59k%), India ($421k or 226%), and United States ($226k or 29%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$919k(384%)

IMPORT GROWTH (July 2023 - July 2024)$2.48M(22.7%)

MAIN DESTINATION (July 2024)Kuwait$204k

This section shows Miscellaneous Chocolate/Cocoa Preparations'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 Miscellaneous Chocolate/Cocoa Preparations over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download