2023
Exports
$27.8kWorld Rnk 101 / 135
Flag Rnk 933 / 1123
2023
PRODUCT COMPLEXITY IN Wheat
-0.28Rnk 640 / 1025
2023
Imports
$1.98BWorld Rnk 8 / 195
Flag Rnk 9 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $27.8k in Wheat, making it the 101st largest exporter of Wheat in the world. At the same year, Wheat was the 933rd most exported product in Philippines. The main destination of Wheat exports from Philippines are: Singapore ($27.8k), Thailand ($28), and Maldives ($14).

The fastest growing export markets for Wheat of Philippines between 2022 and 2023 were Singapore ($14.8k), Thailand ($28), and Maldives ($12).

Imports In 2023, Philippines imported $1.98B in Wheat, becoming the 8th largest importer of Wheat in the world. At the same year, Wheat was the 9th most imported product in Philippines. Philippines imports Wheat primarily from: Australia ($937M), United States ($795M), Canada ($171M), Brazil ($39.8M), and Romania ($25.6M).

The fastest growing import markets in Wheat for Philippines between 2022 and 2023 were Canada ($41M), Brazil ($39.8M), and Romania ($25.6M).

Latest Trends

Dec 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 Wheat. 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)$27.8k
IMPORTS (2023)$1.98B
NET TRADE (2023)-$1.98B

In 2023, Philippines exported $27.8k in Wheat. The main destinations of Philippines exports on Wheat were Singapore ($27.8k), Thailand ($28), and Maldives ($14).

In 2023, Philippines imported $1.98B in Wheat, mainly from Australia ($937M), United States ($795M), Canada ($171M), Brazil ($39.8M), and Romania ($25.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$14.8k (113%)
Thailand$28 (1%)
Maldives$12 (600%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Philippines WERE (2022 - 2023):South Korea-$7 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Wheat were:
In 2023, Philippines's main importing competitors in Wheat were:

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $5.52k
TOP IMPORT POTENTIALIndia+ $50.4M

Wheat’s highest export potential is Singapore. With an export gap of $5.52k.   Wheat’s highest import potential is India with an import gap of $50.4M.

See methodology.

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