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2022
Exports $109MWorld Rnk 53 / 218
Flag Rnk 106 / 1127
2022
Destination $2.63M United States
2021 - 2022
FASTEST GROWING MARKET $2.63MMalaysia
2022
PRODUCT COMPLEXITY IN Other Edible Preparations0.054Rnk 531 / 1025
2022
Imports $1.12BWorld Rnk 12 / 226
Flag Rnk 23 / 1201
2022
Origin $46M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $46MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $109M in Other Edible Preparations, making it the 53rd largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 106th most exported product in Philippines. The main destination of Other Edible Preparations exports from Philippines are: United States ($16.5M), Vietnam ($14.9M), Netherlands ($13.2M), Malaysia ($11.1M), and Indonesia ($6.36M).

The fastest growing export markets for Other Edible Preparations of Philippines between 2021 and 2022 were Malaysia ($2.63M), Vietnam ($2.53M), and Indonesia ($2.44M).

Imports In 2022, Philippines imported $1.12B in Other Edible Preparations, becoming the 12th largest importer of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 23rd most imported product in Philippines. Philippines imports Other Edible Preparations primarily from: Singapore ($343M), China ($115M), United States ($112M), Indonesia ($103M), and Vietnam ($101M).

The fastest growing import markets in Other Edible Preparations for Philippines between 2021 and 2022 were Vietnam ($46M), Indonesia ($32.8M), and China ($18.8M).

COMPANIES In 2023, leading companies such as Euromarket Designs (3) were at the forefront of shipping Other Edible Preparations from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Edible Preparations exports accounted up to $5.48M and imports accounted up to $91.5M, resulting in a negative trade balance of $86M. Between June 2023 and June 2024 the exports of Philippines'   Other Edible Preparations have decreased by $-250k (-4.36%) from $5.73M to $5.48M, while imports increased by $13.9M (17.9%) from $77.6M to $91.5M.

Destinations In June 2024, Other Edible Preparations were exported mostly to Malaysia ($1.17M), Japan ($796k), United States ($633k), Netherlands ($517k), and China ($367k), and were imported mostly from Singapore ($63.1M), Thailand ($8.06M), United States ($3.63M), Vietnam ($3.37M), and Spain ($2.3M).

Growth In June 2024, the decrease in Other Edible Preparations's year-by-year exports was explained primarily by a decrease in exports to Italy ($-296k or -96.8%), United States ($-172k or -14.3%), and Chinese Taipei ($-150k or -98.5%). In June 2024, the increase in Other Edible Preparations's year-by-year imports was explained primarily by an increase in imports from China ($5.03M or 99%), Singapore ($3.85M or 19.5%), and Indonesia ($3.44M or 58%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-250k(-4.36%)
IMPORT GROWTH (June 2023 - June 2024)$13.9M(17.9%)
MAIN DESTINATION (June 2024)Malaysia$1.17M

This section shows Other Edible 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 Other Edible Preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$109M
IMPORTS (2022)$1.12B
NET TRADE (2022)-$1.01B

In 2022, Philippines exported $109M in Other Edible Preparations. The main destinations of Philippines exports on Other Edible Preparations were United States ($16.5M), Vietnam ($14.9M), Netherlands ($13.2M), Malaysia ($11.1M), and Indonesia ($6.36M).

In 2022, Philippines imported $1.12B in Other Edible Preparations, mainly from Singapore ($343M), China ($115M), United States ($112M), Indonesia ($103M), and Vietnam ($101M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$2.63M (31%)
Vietnam$2.53M (20.4%)
Indonesia$2.44M (62.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY Philippines WERE (2021 - 2022):
United States-$2.24M (-12%)
France-$1.52M (-56.7%)
Austria-$1.28M (-87%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Edible Preparations were:
United States $7.48B
Singapore $6.77B
Germany $4.94B
In 2022, Philippines's main importing competitors in Other Edible Preparations were:
United States $8.4B
China $2.83B
Germany $2.64B

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Trade Value of Other Edible Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15M
TOP IMPORT POTENTIALChina+ $36.8M

Other Edible Preparations’s highest export potential is United States. With an export gap of $15M.   Other Edible Preparations’s highest import potential is China with an import gap of $36.8M.

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