2023
Exports
$102World Rnk 136 / 142
Flag Rnk 1106 / 1123
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$94.4MWorld Rnk 40 / 193
Flag Rnk 215 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $102 in Soybeans, making it the 136th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1106th most exported product in Philippines. The main destination of Soybeans exports from Philippines are: Maldives ($102).

The fastest growing export markets for Soybeans of Philippines between 2022 and 2023 were Maldives ($102).

Imports In 2023, Philippines imported $94.4M in Soybeans, becoming the 40th largest importer of Soybeans in the world. At the same year, Soybeans was the 215th most imported product in Philippines. Philippines imports Soybeans primarily from: United States ($79.2M), Argentina ($7.53M), Canada ($6.69M), China ($601k), and Malaysia ($266k).

The fastest growing import markets in Soybeans for Philippines between 2022 and 2023 were United States ($4.08M), Malaysia ($228k), and Mozambique ($154k).

Latest Trends

Jan 2025

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 (2023)$102
IMPORTS (2023)$94.4M
NET TRADE (2023)-$94.4M

In 2023, Philippines exported $102 in Soybeans. The main destinations of Philippines exports on Soybeans were Maldives ($102).

In 2023, Philippines imported $94.4M in Soybeans, mainly from United States ($79.2M), Argentina ($7.53M), Canada ($6.69M), China ($601k), and Malaysia ($266k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Philippines WERE (2022 - 2023):Maldives$102 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Philippines WERE (2022 - 2023):
United States-$1.87k (-100%)
Netherlands-$700 (-100%)
Indonesia-$300 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Soybeans were:
In 2023, Philippines's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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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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