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2023
Exports $20.6kWorld Rnk 119 / 150
Flag Rnk 949 / 1123
2023
Destination $4.16k Malaysia
2022 - 2023
FASTEST GROWING MARKET $4.16kMalaysia
2023
PRODUCT COMPLEXITY IN Cereal Meal and Pellets-1.13Rnk 861 / 1025
2023
Imports $4.01MWorld Rnk 67 / 210
Flag Rnk 819 / 1202
2023
Origin $46.9k Mexico
2022 - 2023
FASTEST GROWING ORIGIN $46.9kAustralia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $20.6k in Cereal Meal and Pellets, making it the 119th largest exporter of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 949th most exported product in Philippines. The main destination of Cereal Meal and Pellets exports from Philippines are: Malaysia ($4.16k), United Arab Emirates ($3.82k), United States ($3.74k), Netherlands ($3.58k), and Kuwait ($2.21k).

The fastest growing export markets for Cereal Meal and Pellets of Philippines between 2022 and 2023 were Malaysia ($4.16k), United States ($3.74k), and Netherlands ($3.22k).

Imports In 2023, Philippines imported $4.01M in Cereal Meal and Pellets, becoming the 67th largest importer of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 819th most imported product in Philippines. Philippines imports Cereal Meal and Pellets primarily from: Mexico ($2.17M), Australia ($1.43M), United Arab Emirates ($267k), Italy ($64.4k), and India ($55.6k).

The fastest growing import markets in Cereal Meal and Pellets for Philippines between 2022 and 2023 were Australia ($46.9k), United Arab Emirates ($38.6k), and India ($33.4k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Cereal Meal and Pellets exports accounted up to $1.1k and imports accounted up to $582k, resulting in a negative trade balance of $580k. Between May 2022 and July 2024 the exports of Philippines'   Cereal Meal and Pellets have decreased by $-6.4k (-85.3%) from $7.5k to $1.1k, while imports increased by $160k (37.9%) from $422k to $582k.

Destinations In July 2024, Cereal Meal and Pellets were exported mostly to United States ($1.1k), and were imported mostly from Mexico ($333k), Australia ($248k), and United States ($675).

Growth In July 2024, the decrease in Cereal Meal and Pellets's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Cereal Meal and Pellets's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - July 2024)$-6.4k(-85.3%)
IMPORT GROWTH (July 2023 - July 2024)$160k(37.9%)
MAIN DESTINATION (July 2024)United States$1.1k

This section shows Cereal Meal and Pellets'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 Cereal Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.6k
IMPORTS (2023)$4.01M
NET TRADE (2023)-$3.99M

In 2023, Philippines exported $20.6k in Cereal Meal and Pellets. The main destinations of Philippines exports on Cereal Meal and Pellets were Malaysia ($4.16k), United Arab Emirates ($3.82k), United States ($3.74k), Netherlands ($3.58k), and Kuwait ($2.21k).

In 2023, Philippines imported $4.01M in Cereal Meal and Pellets, mainly from Mexico ($2.17M), Australia ($1.43M), United Arab Emirates ($267k), Italy ($64.4k), and India ($55.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cereal Meal and Pellets EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Malaysia$4.16k (1%)
United States$3.74k (1%)
Netherlands$3.22k (890%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereal Meal and Pellets BY Philippines WERE (2022 - 2023):
Saudi Arabia-$31.8k (-100%)
Israel-$3k (-100%)
Hungary-$605 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Cereal Meal and Pellets were:
Canada $188M
South Africa $144M
Italy $132M
In 2023, Philippines's main importing competitors in Cereal Meal and Pellets were:
United States $211M
Democratic Republic of the Congo $85.5M
France $75.4M

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Trade Value of Cereal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $2.02k
TOP IMPORT POTENTIALTurkey+ $99.6k

Cereal Meal and Pellets’s highest export potential is United Arab Emirates. With an export gap of $2.02k.   Cereal Meal and Pellets’s highest import potential is Turkey with an import gap of $99.6k.

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