Concentrated Milk in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $20.6M in Concentrated Milk, making it the 57th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 252nd most exported product in Philippines. The main destination of Concentrated Milk exports from Philippines are: Malaysia ($7.95M), Bangladesh ($4.25M), Vietnam ($1.45M), Fiji ($1.14M), and United Arab Emirates ($1.01M).

The fastest growing export markets for Concentrated Milk of Philippines between 2021 and 2022 were Bangladesh ($4.25M), Vietnam ($686k), and Canada ($659k).

Imports In 2022, Philippines imported $743M in Concentrated Milk, becoming the 8th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 43rd most imported product in Philippines. Philippines imports Concentrated Milk primarily from: United States ($413M), New Zealand ($114M), Belgium ($53.2M), Ireland ($36.8M), and Poland ($18.8M).

The fastest growing import markets in Concentrated Milk for Philippines between 2021 and 2022 were United States ($102M), New Zealand ($32.1M), and Japan ($12.3M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Concentrated Milk from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Concentrated Milk exports accounted up to $3.22M and imports accounted up to $47.6M, resulting in a negative trade balance of $44.3M. Between August 2020 and August 2021 the exports of Philippines' Concentrated Milk have increased by $623k (24%) from $2.6M to $3.22M, while imports decreased by $-40.6k (-0.085%) from $47.6M to $47.6M.

Destinations In August 2021, Concentrated Milk were exported mostly to Malaysia ($2.64M), United Arab Emirates ($179k), Canada ($75.7k), United States ($75.1k), and Hong Kong ($49.9k), and were imported mostly from United States ($18.9M), New Zealand ($10.5M), Australia ($3.9M), Belgium ($3.67M), and Ireland ($2.31M).

Growth In August 2021, the increase in Concentrated Milk's year-by-year exports was explained primarily by an increase in exports to Vietnam ($208k or 267%), Malaysia ($92.4k or 6.34%), and Indonesia ($91k or 700%). In August 2021, the decrease in Concentrated Milk's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-3.86M or -85.3%), Australia ($-1.25M or -49%), and Germany ($-384k or -49.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$623k(24%)

IMPORT GROWTH (August 2020 - August 2021)$-40.6k(-0.085%)

MAIN DESTINATION (August 2021)Malaysia$2.64M

This section shows Concentrated Milk'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 Concentrated Milk over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download