Fermented Milk Products in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $3.96M in Fermented Milk Products, making it the 64th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 435th most exported product in Philippines. The main destination of Fermented Milk Products exports from Philippines are: Vietnam ($2.52M), United Arab Emirates ($618k), Kuwait ($378k), Thailand ($319k), and Brunei ($45.2k).

The fastest growing export markets for Fermented Milk Products of Philippines between 2021 and 2022 were Thailand ($296k), Kuwait ($289k), and Brunei ($45.2k).

Imports In 2022, Philippines imported $233M in Fermented Milk Products, becoming the 6th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 142nd most imported product in Philippines. Philippines imports Fermented Milk Products primarily from: Thailand ($51.1M), New Zealand ($45M), United States ($28.9M), Germany ($19.6M), and Belgium ($16.9M).

The fastest growing import markets in Fermented Milk Products for Philippines between 2021 and 2022 were Belgium ($10.9M), Ireland ($9.77M), and Thailand ($6.73M).

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

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Fermented Milk Products exports accounted up to $651k and imports accounted up to $10.8M, resulting in a negative trade balance of $10.1M. Between August 2020 and August 2021 the exports of Philippines' Fermented Milk Products have increased by $110k (20.4%) from $540k to $651k, while imports decreased by $-1.08M (-9.13%) from $11.8M to $10.8M.

Destinations In August 2021, Fermented Milk Products were exported mostly to Vietnam ($584k), United Arab Emirates ($44.9k), Qatar ($11.9k), Kuwait ($6.52k), and American Samoa ($1.7k), and were imported mostly from New Zealand ($4.52M), United States ($1.44M), Singapore ($711k), Poland ($695k), and Belgium ($647k).

Growth In August 2021, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to Vietnam ($207k or 155%), Kuwait ($1.14k or 165%), and Qatar ($701 or 6.75%). In August 2021, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-3.47M or -65.3%), Singapore ($-317k or -52.7%), and Germany ($-229k or -44%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$110k(20.4%)

IMPORT GROWTH (August 2020 - August 2021)$-1.08M(-9.13%)

MAIN DESTINATION (August 2021)Vietnam$584k

This section shows Fermented 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 Fermented Milk Products over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download