2022
Exports
$10MWorld Rnk 83 / 171
Flag Rnk 336 / 1127
2022
PRODUCT COMPLEXITY IN Raw Sugar
-1.78Rnk 979 / 1025
2022
Imports
$235MWorld Rnk 45 / 224
Flag Rnk 139 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $10M in Raw Sugar, making it the 83rd largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 336th most exported product in Philippines. The main destination of Raw Sugar exports from Philippines are: United States ($3.37M), France ($1.46M), South Korea ($1.42M), Japan ($1.01M), and Germany ($781k).

The fastest growing export markets for Raw Sugar of Philippines between 2021 and 2022 were South Korea ($307k), Kuwait ($132k), and Chinese Taipei ($64.1k).

Imports In 2022, Philippines imported $235M in Raw Sugar, becoming the 45th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 139th most imported product in Philippines. Philippines imports Raw Sugar primarily from: Thailand ($217M), Malaysia ($9.89M), Indonesia ($4.27M), China ($1.1M), and South Korea ($748k).

The fastest growing import markets in Raw Sugar for Philippines between 2021 and 2022 were Thailand ($141M), Malaysia ($8.72M), and Indonesia ($4.26M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$15.4M(3.8k%)
IMPORT GROWTH (August 2023 - August 2024)$-93.3M(-94.1%)
MAIN DESTINATION (August 2024)United States$15.2M

This section shows Raw Sugar'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 Raw Sugar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10M
IMPORTS (2022)$235M
NET TRADE (2022)-$225M

In 2022, Philippines exported $10M in Raw Sugar. The main destinations of Philippines exports on Raw Sugar were United States ($3.37M), France ($1.46M), South Korea ($1.42M), Japan ($1.01M), and Germany ($781k).

In 2022, Philippines imported $235M in Raw Sugar, mainly from Thailand ($217M), Malaysia ($9.89M), Indonesia ($4.27M), China ($1.1M), and South Korea ($748k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$307k (27.6%)
Kuwait$132k (406%)
Chinese Taipei$64.1k (18.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Philippines WERE (2021 - 2022):
United States-$70.5M (-95.4%)
France-$400k (-21.4%)
United Arab Emirates-$230k (-75.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
In 2022, Philippines's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.23M
TOP IMPORT POTENTIALIndonesia+ $3.18M

Raw Sugar’s highest export potential is United States. With an export gap of $2.23M.   Raw Sugar’s highest import potential is Indonesia with an import gap of $3.18M.

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