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2023
Exports $755kWorld Rnk 77 / 146
Flag Rnk 603 / 1123
2023
Destination $181k China
2022 - 2023
FASTEST GROWING MARKET $181kChina
2023
PRODUCT COMPLEXITY IN Butter0.079Rnk 528 / 1025
2023
Imports $141MWorld Rnk 19 / 224
Flag Rnk 164 / 1202
2023
Origin $798k New Zealand
2022 - 2023
FASTEST GROWING ORIGIN $798kFrance
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $755k in Butter, making it the 77th largest exporter of Butter in the world. At the same year, Butter was the 603rd most exported product in Philippines. The main destination of Butter exports from Philippines are: China ($181k), Australia ($123k), United Arab Emirates ($120k), South Korea ($94k), and Belgium ($82.3k).

The fastest growing export markets for Butter of Philippines between 2022 and 2023 were China ($181k), Australia ($122k), and South Korea ($93.2k).

Imports In 2023, Philippines imported $141M in Butter, becoming the 19th largest importer of Butter in the world. At the same year, Butter was the 164th most imported product in Philippines. Philippines imports Butter primarily from: New Zealand ($122M), China ($4.48M), France ($2.69M), Denmark ($2.37M), and Australia ($2.12M).

The fastest growing import markets in Butter for Philippines between 2022 and 2023 were France ($798k), Australia ($654k), and Denmark ($531k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Butter exports accounted up to $291k and imports accounted up to $16.3M, resulting in a negative trade balance of $16M. Between July 2023 and July 2024 the exports of Philippines'   Butter have increased by $139k (91%) from $152k to $291k, while imports decreased by $-1.53M (-8.6%) from $17.8M to $16.3M.

Destinations In July 2024, Butter were exported mostly to United States ($99.7k), United Arab Emirates ($76.9k), Malaysia ($73.5k), Thailand ($18.8k), and Brunei ($7k), and were imported mostly from New Zealand ($13.7M), China ($1.21M), Australia ($804k), France ($318k), and Netherlands ($167k).

Growth In July 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to Malaysia ($7.87k or 11.2%) and South Korea ($2.97k or 9.57%). In July 2024, the decrease in Butter's year-by-year imports was explained primarily by a decrease in imports from Australia ($-59.3k or -9.2%) and India ($-1.16k or -45.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$139k(91%)
IMPORT GROWTH (July 2023 - July 2024)$-1.53M(-8.6%)
MAIN DESTINATION (July 2024)United States$99.7k

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$755k
IMPORTS (2023)$141M
NET TRADE (2023)-$140M

In 2023, Philippines exported $755k in Butter. The main destinations of Philippines exports on Butter were China ($181k), Australia ($123k), United Arab Emirates ($120k), South Korea ($94k), and Belgium ($82.3k).

In 2023, Philippines imported $141M in Butter, mainly from New Zealand ($122M), China ($4.48M), France ($2.69M), Denmark ($2.37M), and Australia ($2.12M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$181k (1%)
Australia$122k (9.58k%)
South Korea$93.2k (13.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Philippines WERE (2022 - 2023):
Indonesia-$1.82M (-100%)
United States-$46.8k (-77.2%)
Kuwait-$13k (-90.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Butter were:
New Zealand $2.54B
Netherlands $1.83B
Ireland $1.52B
In 2023, Philippines's main importing competitors in Butter were:
France $1.43B
Germany $899M
Netherlands $840M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $123k
TOP IMPORT POTENTIALNetherlands+ $2.86M

Butter’s highest export potential is United States. With an export gap of $123k.   Butter’s highest import potential is Netherlands with an import gap of $2.86M.

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