2023
Exports
$359kWorld Rnk 64 / 113
Flag Rnk 705 / 1123
2023
PRODUCT COMPLEXITY IN Whey and other milk products
0.4Rnk 412 / 1025
2023
Imports
$96.4MWorld Rnk 15 / 203
Flag Rnk 211 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $359k in Whey and other milk products, making it the 64th largest exporter of Whey and other milk products in the world. At the same year, Whey and other milk products was the 705th most exported product in Philippines. The main destination of Whey and other milk products exports from Philippines are: Singapore ($174k), United States ($86.7k), Vietnam ($36.2k), Saudi Arabia ($25.5k), and Thailand ($24.5k).

The fastest growing export markets for Whey and other milk products of Philippines between 2022 and 2023 were United States ($57.8k), New Zealand ($5k), and Germany ($2.6k).

Imports In 2023, Philippines imported $96.4M in Whey and other milk products, becoming the 15th largest importer of Whey and other milk products in the world. At the same year, Whey and other milk products was the 211th most imported product in Philippines. Philippines imports Whey and other milk products primarily from: United States ($37.5M), New Zealand ($8.76M), Canada ($7.48M), Ireland ($6.62M), and France ($6.08M).

The fastest growing import markets in Whey and other milk products for Philippines between 2022 and 2023 were New Zealand ($4.34M), Ireland ($3.67M), and Canada ($1.1M).

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-10.5k(-79.4%)
IMPORT GROWTH (July 2023 - July 2024)$3.46M(39.4%)
MAIN DESTINATION (March 2024)

This section shows Whey and other milk products'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 Whey and other milk products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$359k
IMPORTS (2023)$96.4M
NET TRADE (2023)-$96M

In 2023, Philippines exported $359k in Whey and other milk products. The main destinations of Philippines exports on Whey and other milk products were Singapore ($174k), United States ($86.7k), Vietnam ($36.2k), Saudi Arabia ($25.5k), and Thailand ($24.5k).

In 2023, Philippines imported $96.4M in Whey and other milk products, mainly from United States ($37.5M), New Zealand ($8.76M), Canada ($7.48M), Ireland ($6.62M), and France ($6.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Whey and other milk products EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$57.8k (200%)
New Zealand$5k (99%)
Germany$2.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Whey and other milk products BY Philippines WERE (2022 - 2023):
United Arab Emirates-$11.3k (-100%)
Vietnam-$7.21k (-16.6%)
Thailand-$3.79k (-13.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Whey and other milk products were:
In 2023, Philippines's main importing competitors in Whey and other milk products were:

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Trade Value of Whey and other milk products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $59.2k
TOP IMPORT POTENTIALNew Zealand+ $2.12M

Whey and other milk products’s highest export potential is United States. With an export gap of $59.2k.   Whey and other milk products’s highest import potential is New Zealand with an import gap of $2.12M.

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