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2022
Exports $160MWorld Rnk 40 / 210
Flag Rnk 77 / 1127
2022
Destination $15.3M United States
2021 - 2022
FASTEST GROWING MARKET $15.3MUnited States
2022
PRODUCT COMPLEXITY IN Baked Goods-0.32Rnk 655 / 1025
2022
Imports $271MWorld Rnk 37 / 226
Flag Rnk 124 / 1201
2022
Origin $32.9M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $32.9MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $160M in Baked Goods, making it the 40th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 77th most exported product in Philippines. The main destination of Baked Goods exports from Philippines are: United States ($44.8M), United Arab Emirates ($18.7M), Canada ($18.2M), Australia ($6.56M), and Qatar ($6.18M).

The fastest growing export markets for Baked Goods of Philippines between 2021 and 2022 were United States ($15.3M), United Arab Emirates ($7.88M), and Canada ($4.06M).

Imports In 2022, Philippines imported $271M in Baked Goods, becoming the 37th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 124th most imported product in Philippines. Philippines imports Baked Goods primarily from: Indonesia ($90.6M), United States ($36.8M), China ($36.3M), Malaysia ($32.7M), and Thailand ($13.2M).

The fastest growing import markets in Baked Goods for Philippines between 2021 and 2022 were Indonesia ($32.9M), Malaysia ($13.5M), and United States ($11.6M).

COMPANIES In 2023, leading companies such as Walong Marketing (1) were at the forefront of shipping Baked Goods from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Baked Goods exports accounted up to $15.7M and imports accounted up to $24.6M, resulting in a negative trade balance of $8.92M. Between October 2023 and October 2024 the exports of Philippines'   Baked Goods have increased by $3.96M (33.8%) from $11.7M to $15.7M, while imports increased by $1.13M (4.82%) from $23.5M to $24.6M.

Destinations In October 2024, Baked Goods were exported mostly to United States ($3.52M), Canada ($2.33M), United Arab Emirates ($1.43M), Australia ($867k), and Chinese Taipei ($794k), and were imported mostly from Indonesia ($9.48M), China ($4.03M), Malaysia ($3.44M), Thailand ($1.77M), and United States ($1.46M).

Growth In October 2024, the increase in Baked Goods's year-by-year exports was explained primarily by an increase in exports to Australia ($911k or 620%), Canada ($710k or 109%), and Italy ($673k or 1.28k%). In October 2024, the increase in Baked Goods's year-by-year imports was explained primarily by an increase in imports from Indonesia ($3.76M or 70.2%), Malaysia ($1.7M or 78%), and China ($1.16M or 48%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$3.96M(33.8%)
IMPORT GROWTH (October 2023 - October 2024)$1.13M(4.82%)
MAIN DESTINATION (October 2024)United States$3.52M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$160M
IMPORTS (2022)$271M
NET TRADE (2022)-$111M

In 2022, Philippines exported $160M in Baked Goods. The main destinations of Philippines exports on Baked Goods were United States ($44.8M), United Arab Emirates ($18.7M), Canada ($18.2M), Australia ($6.56M), and Qatar ($6.18M).

In 2022, Philippines imported $271M in Baked Goods, mainly from Indonesia ($90.6M), United States ($36.8M), China ($36.3M), Malaysia ($32.7M), and Thailand ($13.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$15.3M (51.7%)
United Arab Emirates$7.88M (72.5%)
Canada$4.06M (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Philippines WERE (2021 - 2022):
China-$3M (-64.5%)
Netherlands-$2.4M (-61%)
Chinese Taipei-$2.39M (-34%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Baked Goods were:
Germany $4.92B
Canada $4.75B
Italy $3.5B
In 2022, Philippines's main importing competitors in Baked Goods were:
United States $9.29B
Germany $3.27B
United Kingdom $3.24B

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.2M
TOP IMPORT POTENTIALChina+ $8.49M

Baked Goods’s highest export potential is United States. With an export gap of $23.2M.   Baked Goods’s highest import potential is China with an import gap of $8.49M.

See methodology.

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