Butter in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $2.06M in Butter, making it the 64th largest exporter of Butter in the world. At the same year, Butter was the 528th most exported product in Philippines. The main destination of Butter exports from Philippines are: Indonesia ($1.82M), United States ($74.8k), United Arab Emirates ($73.7k), Kuwait ($44.9k), and South Korea ($14k).

The fastest growing export markets for Butter of Philippines between 2021 and 2022 were Indonesia ($1.24M), United States ($59.6k), and Kuwait ($34.2k).

Imports In 2022, Philippines imported $167M in Butter, becoming the 17th largest importer of Butter in the world. At the same year, Butter was the 181st most imported product in Philippines. Philippines imports Butter primarily from: New Zealand ($144M), China ($5.57M), Vietnam ($3.81M), France ($1.89M), and Denmark ($1.71M).

The fastest growing import markets in Butter for Philippines between 2021 and 2022 were New Zealand ($13.6M), Vietnam ($3.81M), and China ($2.39M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Butter exports accounted up to $125k and imports accounted up to $16.3M, resulting in a negative trade balance of $16.2M. Between August 2020 and August 2021 the exports of Philippines' Butter have increased by $53.9k (75.6%) from $71.2k to $125k, while imports increased by $1.92M (13.3%) from $14.4M to $16.3M.

Destinations In August 2021, Butter were exported mostly to Malaysia ($107k), Israel ($13.2k), United Arab Emirates ($3.6k), Ireland ($1.19k), and Hong Kong ($280), and were imported mostly from New Zealand ($12.9M), Australia ($1.44M), Belgium ($922k), Denmark ($345k), and France ($309k).

Growth In August 2021, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to Malaysia ($21.6k or 122%). In August 2021, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from Netherlands ($755k or 477%), India ($97.4k or 5.18k%), and Australia ($9.15k or 10.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$53.9k(75.6%)

IMPORT GROWTH (August 2020 - August 2021)$1.92M(13.3%)

MAIN DESTINATION (August 2021)Malaysia$107k

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.06M

IMPORTS (2022)$167M

NET TRADE (2022)-$165M

In 2022, Philippines exported $2.06M in Butter. The main destinations of Philippines exports on Butter were Indonesia ($1.82M), United States ($74.8k), United Arab Emirates ($73.7k), Kuwait ($44.9k), and South Korea ($14k).

In 2022, Philippines imported $167M in Butter, mainly from New Zealand ($144M), China ($5.57M), Vietnam ($3.81M), France ($1.89M), and Denmark ($1.71M).

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