2022
Exports
$65.5kWorld Rnk 95 / 136
Flag Rnk 867 / 1127
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$110MWorld Rnk 4 / 193
Flag Rnk 245 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $65.5k in Molasses, making it the 95th largest exporter of Molasses in the world. At the same year, Molasses was the 867th most exported product in Philippines. The main destination of Molasses exports from Philippines are: Japan ($30.8k), Malaysia ($21.9k), Singapore ($9.54k), Netherlands ($2.52k), and Papua New Guinea ($395).

The fastest growing export markets for Molasses of Philippines between 2021 and 2022 were Japan ($24.2k), Netherlands ($2.18k), and Singapore ($1.53k).

Imports In 2022, Philippines imported $110M in Molasses, becoming the 4th largest importer of Molasses in the world. At the same year, Molasses was the 245th most imported product in Philippines. Philippines imports Molasses primarily from: Indonesia ($54.7M), India ($51.1M), Thailand ($2.47M), Vietnam ($1.53M), and Chinese Taipei ($120k).

The fastest growing import markets in Molasses for Philippines between 2021 and 2022 were India ($32.1M), Indonesia ($7.7M), and Vietnam ($1.53M).

Latest Trends

Sep 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 Molasses. 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)$65.5k
IMPORTS (2022)$110M
NET TRADE (2022)-$110M

In 2022, Philippines exported $65.5k in Molasses. The main destinations of Philippines exports on Molasses were Japan ($30.8k), Malaysia ($21.9k), Singapore ($9.54k), Netherlands ($2.52k), and Papua New Guinea ($395).

In 2022, Philippines imported $110M in Molasses, mainly from Indonesia ($54.7M), India ($51.1M), Thailand ($2.47M), Vietnam ($1.53M), and Chinese Taipei ($120k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$24.2k (365%)
Netherlands$2.18k (629%)
Singapore$1.53k (19.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Philippines WERE (2021 - 2022):
Malaysia-$1.25k (-5.38%)
Papua New Guinea-$223 (-36.1%)
South Korea-$37 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Molasses were:
In 2022, Philippines's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $14.1k
TOP IMPORT POTENTIALThailand+ $585k

Molasses’s highest export potential is Japan. With an export gap of $14.1k.   Molasses’s highest import potential is Thailand with an import gap of $585k.

See methodology.

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