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2018
Exports $23.1MWorld Rnk 44 / 181
Flag Rnk 240 / 1127
2018
Destination $2M China
2021 - 2022
FASTEST GROWING MARKET $2MChina
2022
PRODUCT COMPLEXITY IN Prepared Cereals-0.43Rnk 681 / 1025
2018
Imports $53.4MWorld Rnk 33 / 223
Flag Rnk 372 / 1201
2018
Origin $3.1M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $3.1MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2018, Philippines exported $23.1M in Prepared Cereals, making it the 44th largest exporter of Prepared Cereals in the world. At the same year, Prepared Cereals was the 240th most exported product in Philippines. The main destination of Prepared Cereals exports from Philippines are: China ($4.63M), Malaysia ($4.32M), Thailand ($1.88M), Chinese Taipei ($1.35M), and Indonesia ($1.03M).

The fastest growing export markets for Prepared Cereals of Philippines between 2021 and 2022 were China ($2M), Indonesia ($364k), and Israel ($175k).

Imports In 2022, Philippines imported $53.4M in Prepared Cereals, becoming the 33rd largest importer of Prepared Cereals in the world. At the same year, Prepared Cereals was the 372nd most imported product in Philippines. Philippines imports Prepared Cereals primarily from: Thailand ($22.3M), Indonesia ($13.7M), United States ($3.24M), Malaysia ($2.88M), and China ($2.68M).

The fastest growing import markets in Prepared Cereals for Philippines between 2021 and 2022 were Thailand ($3.1M), China ($835k), and United States ($486k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Prepared Cereals exports accounted up to $966k and imports accounted up to $2.23M, resulting in a negative trade balance of $1.26M. Between June 2023 and June 2024 the exports of Philippines'   Prepared Cereals have decreased by $-854k (-46.9%) from $1.82M to $966k, while imports decreased by $-4.33M (-66%) from $6.55M to $2.23M.

Destinations In June 2024, Prepared Cereals were exported mostly to Canada ($162k), China ($71.8k), United States ($68.1k), Saudi Arabia ($66k), and Japan ($54.9k), and were imported mostly from Thailand ($1.46M), United States ($272k), South Korea ($107k), Chinese Taipei ($90.2k), and United Kingdom ($46.4k).

Growth In June 2024, the decrease in Prepared Cereals's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-262k or -99.2%), Canada ($-175k or -96%), and China ($-111k or -63.2%). In June 2024, the decrease in Prepared Cereals's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-133k or -7.69%), China ($-88.1k or -54.4%), and Malaysia ($-84.3k or -43%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-854k(-46.9%)
IMPORT GROWTH (June 2023 - June 2024)$-4.33M(-66%)
MAIN DESTINATION (June 2024)Canada$162k

This section shows Prepared Cereals'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 Prepared Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.1M
IMPORTS (2022)$53.4M
NET TRADE (2022)-$30.3M

In 2022, Philippines exported $23.1M in Prepared Cereals. The main destinations of Philippines exports on Prepared Cereals were China ($4.63M), Malaysia ($4.32M), Thailand ($1.88M), Chinese Taipei ($1.35M), and Indonesia ($1.03M).

In 2022, Philippines imported $53.4M in Prepared Cereals, mainly from Thailand ($22.3M), Indonesia ($13.7M), United States ($3.24M), Malaysia ($2.88M), and China ($2.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Cereals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$2M (76.2%)
Indonesia$364k (54.6%)
Israel$175k (2.15k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Cereals BY Philippines WERE (2021 - 2022):
Malaysia-$2.53M (-36.9%)
Thailand-$1.56M (-45.3%)
United Arab Emirates-$432k (-33.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Prepared Cereals were:
Germany $784M
United States $747M
United Kingdom $648M
In 2022, Philippines's main importing competitors in Prepared Cereals were:
United States $1.03B
Canada $606M
Germany $513M

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Trade Value of Prepared Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.37M
TOP IMPORT POTENTIALChina+ $1.59M

Prepared Cereals’s highest export potential is China. With an export gap of $1.37M.   Prepared Cereals’s highest import potential is China with an import gap of $1.59M.

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