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2023
Exports $5.03MWorld Rnk 90 / 186
Flag Rnk 392 / 1123
2023
Destination $212k France
2022 - 2023
FASTEST GROWING MARKET $212kItaly
2023
PRODUCT COMPLEXITY IN Raw Sugar-1.88Rnk 988 / 1025
2023
Imports $497MWorld Rnk 23 / 225
Flag Rnk 52 / 1202
2023
Origin $182M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $182MThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $5.03M in Raw Sugar, making it the 90th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 392nd most exported product in Philippines. The main destination of Raw Sugar exports from Philippines are: France ($1.38M), South Korea ($811k), Japan ($532k), Italy ($494k), and United Arab Emirates ($354k).

The fastest growing export markets for Raw Sugar of Philippines between 2022 and 2023 were Italy ($212k), United Arab Emirates ($65.3k), and Australia ($28.1k).

Imports In 2023, Philippines imported $497M in Raw Sugar, becoming the 23rd largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 52nd most imported product in Philippines. Philippines imports Raw Sugar primarily from: Thailand ($424M), Malaysia ($32.1M), Vietnam ($25.6M), Indonesia ($7.68M), and China ($4.35M).

The fastest growing import markets in Raw Sugar for Philippines between 2022 and 2023 were Thailand ($182M), Vietnam ($25.5M), and Malaysia ($23.1M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Raw Sugar exports accounted up to $381k and imports accounted up to $2.24M, resulting in a negative trade balance of $1.86M. Between July 2023 and July 2024 the exports of Philippines'   Raw Sugar have decreased by $-241k (-38.7%) from $622k to $381k, while imports decreased by $-73.9M (-97.1%) from $76.1M to $2.24M.

Destinations In July 2024, Raw Sugar were exported mostly to France ($95.3k), South Korea ($78.9k), Italy ($76.1k), Japan ($49.5k), and Switzerland ($27.1k), and were imported mostly from Thailand ($2.07M), Malaysia ($107k), Vietnam ($35.3k), Brazil ($20.4k), and New Zealand ($1.54k).

Growth In July 2024, the decrease in Raw Sugar's year-by-year exports was explained primarily by a decrease in exports to Japan ($-75.8k or -76.6%), France ($-58.8k or -50%), and South Korea ($-13.8k or -26.2%). In July 2024, the decrease in Raw Sugar's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-773k or -32%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-241k(-38.7%)
IMPORT GROWTH (July 2023 - July 2024)$-73.9M(-97.1%)
MAIN DESTINATION (July 2024)France$95.3k

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 (2023)$5.03M
IMPORTS (2023)$497M
NET TRADE (2023)-$492M

In 2023, Philippines exported $5.03M in Raw Sugar. The main destinations of Philippines exports on Raw Sugar were France ($1.38M), South Korea ($811k), Japan ($532k), Italy ($494k), and United Arab Emirates ($354k).

In 2023, Philippines imported $497M in Raw Sugar, mainly from Thailand ($424M), Malaysia ($32.1M), Vietnam ($25.6M), Indonesia ($7.68M), and China ($4.35M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Italy$212k (75.3%)
United Arab Emirates$65.3k (22.6%)
Australia$28.1k (211%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Philippines WERE (2022 - 2023):
United States-$3.07M (-91%)
South Korea-$619k (-43.3%)
Germany-$493k (-58.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
Thailand $3.81B
In 2023, Philippines's main importing competitors in Raw Sugar were:
Indonesia $2.85B
United States $2.4B
China $2.24B

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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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