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Exports In 2022, Philippines exported $45.5k in Cane molasses, making it the 77th largest exporter of Cane molasses in the world. At the same year, Cane molasses was the 2408th most exported product in Philippines. The main destination of Cane molasses exports from Philippines are: Malaysia ($21.9k), Japan ($14.3k), Singapore ($8.89k), Norway ($294), and Netherlands ($89).

The fastest growing export markets for Cane molasses of Philippines between 2021 and 2022 were Japan ($7.7k), Singapore ($1.88k), and Norway ($294).

Imports In 2022, Philippines imported $110M in Cane molasses, becoming the 2nd largest importer of Cane molasses in the world. At the same year, Cane molasses was the 251st most imported product in Philippines. Philippines imports Cane molasses primarily from: Indonesia ($54.7M), India ($51.1M), Thailand ($2.46M), Vietnam ($1.53M), and United States ($19.1k).

The fastest growing import markets in Cane molasses for Philippines between 2021 and 2022 were India ($32.1M), Indonesia ($7.7M), and Vietnam ($1.53M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Cane molasses from Philippines to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cane molasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.5k
IMPORTS (2022)$110M
NET TRADE (2022)-$110M

In 2022, Philippines exported $45.5k in Cane molasses. The main destinations of Philippines exports on Cane molasses were Malaysia ($21.9k), Japan ($14.3k), Singapore ($8.89k), Norway ($294), and Netherlands ($89).

In 2022, Philippines imported $110M in Cane molasses, mainly from Indonesia ($54.7M), India ($51.1M), Thailand ($2.46M), Vietnam ($1.53M), and United States ($19.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cane molasses EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$7.7k (116%)
Singapore$1.88k (26.8%)
Norway$294 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cane molasses BY Philippines WERE (2021 - 2022):
Malaysia-$1.25k (-5.38%)
South Korea-$17 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Philippines's main exporting competitors in Cane molasses were:
In 2022, Philippines's main importing competitors in Cane molasses were:

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Trade Value of Cane molasses by Exporters

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