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2022
Exports $2.84kWorld Rnk 104 / 139
Flag Rnk 1042 / 1127
2022
Destination $1.64k United States
2021 - 2022
FASTEST GROWING MARKET $1.64kUnited States
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $113MWorld Rnk 40 / 200
Flag Rnk 241 / 1201
2022
Origin $9.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $9.5MArgentina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.84k in Soybeans, making it the 104th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1042nd most exported product in Philippines. The main destination of Soybeans exports from Philippines are: United States ($1.87k), Netherlands ($700), and Indonesia ($266).

The fastest growing export markets for Soybeans of Philippines between 2021 and 2022 were United States ($1.64k), Netherlands ($610), and Indonesia ($244).

Imports In 2022, Philippines imported $113M in Soybeans, becoming the 40th largest importer of Soybeans in the world. At the same year, Soybeans was the 241st most imported product in Philippines. Philippines imports Soybeans primarily from: United States ($71M), Argentina ($20M), Brazil ($11M), Canada ($10.1M), and China ($534k).

The fastest growing import markets in Soybeans for Philippines between 2021 and 2022 were Argentina ($9.5M), Brazil ($5.38M), and Canada ($4.83M).

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 Soybeans. 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)$2.84k
IMPORTS (2022)$113M
NET TRADE (2022)-$113M

In 2022, Philippines exported $2.84k in Soybeans. The main destinations of Philippines exports on Soybeans were United States ($1.87k), Netherlands ($700), and Indonesia ($266).

In 2022, Philippines imported $113M in Soybeans, mainly from United States ($71M), Argentina ($20M), Brazil ($11M), Canada ($10.1M), and China ($534k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.64k (706%)
Netherlands$610 (678%)
Indonesia$244 (1.11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Philippines WERE (2021 - 2022):
Saudi Arabia-$11.1k (-100%)
Canada-$91 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Philippines's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.39k
TOP IMPORT POTENTIALBrazil+ $15.3M

Soybeans’s highest export potential is China. With an export gap of $1.39k.   Soybeans’s highest import potential is Brazil with an import gap of $15.3M.

See methodology.

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