Tea and mate extracts, essences and concentrates in   Philippines

Overview In June 2024 Philippines' Tea and mate extracts, essences and concentrates exports accounted up to $251k and imports accounted up to $892k, resulting in a negative trade balance of $640k. Between June 2023 and June 2024 the exports of Philippines'   Tea and mate extracts, essences and concentrates have increased by $24.9k (11%) from $226k to $251k, while imports decreased by $-415k (-31.8%) from $1.31M to $892k.

Destinations In June 2024, Tea and mate extracts, essences and concentrates were exported mostly to Guam ($62.3k), United States ($61.6k), Canada ($38.7k), Vanuatu ($26k), and Australia ($25.3k), and were imported mostly from Ireland ($349k), India ($211k), South Korea ($88.5k), Germany ($83.1k), and Chinese Taipei ($70.4k).

Growth In June 2024, the increase in Tea and mate extracts, essences and concentrates's year-by-year exports was explained primarily by an increase in exports to Solomon Islands ($14k or 106%), Hong Kong ($5.93k or 4.03k%), and Qatar ($3.8k or 83.2%). In June 2024, the decrease in Tea and mate extracts, essences and concentrates's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-49k or -42.1%), South Korea ($-39.2k or -34.1%), and Indonesia ($-11.7k or -51.4%).