Cheese in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $3.62M in Cheese, making it the 80th largest exporter of Cheese in the world. At the same year, Cheese was the 443rd most exported product in Philippines. The main destination of Cheese exports from Philippines are: United States ($1.08M), United Arab Emirates ($413k), Singapore ($401k), Hong Kong ($389k), and Kuwait ($214k).

The fastest growing export markets for Cheese of Philippines between 2021 and 2022 were United States ($400k), Singapore ($233k), and Kuwait ($166k).

Imports In 2022, Philippines imported $230M in Cheese, becoming the 33rd largest importer of Cheese in the world. At the same year, Cheese was the 145th most imported product in Philippines. Philippines imports Cheese primarily from: New Zealand ($87.8M), Australia ($43.4M), United States ($34.5M), Denmark ($24.4M), and Indonesia ($9.44M).

The fastest growing import markets in Cheese for Philippines between 2021 and 2022 were New Zealand ($22.5M), Denmark ($7.11M), and United States ($5.37M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Cheese exports accounted up to $383k and imports accounted up to $19M, resulting in a negative trade balance of $18.6M. Between September 2023 and September 2024 the exports of Philippines' Cheese have increased by $79.8k (26.3%) from $303k to $383k, while imports increased by $4.39M (30.1%) from $14.6M to $19M.

Destinations In September 2024, Cheese were exported mostly to Canada ($94.6k), United Arab Emirates ($80.4k), Israel ($75k), New Zealand ($31.8k), and Brunei ($30.8k), and were imported mostly from New Zealand ($5.18M), Australia ($4.03M), United States ($3.23M), Denmark ($3.02M), and Indonesia ($683k).

Growth In September 2024, the increase in Cheese's year-by-year exports was explained primarily by an increase in exports to Singapore ($27.4k or 271%) and South Korea ($119 or 15.1%). In September 2024, the increase in Cheese's year-by-year imports was explained primarily by an increase in imports from United States ($1.77M or 216%), New Zealand ($1.34M or 20.5%), and Australia ($1.11M or 39.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$79.8k(26.3%)

IMPORT GROWTH (September 2023 - September 2024)$4.39M(30.1%)

MAIN DESTINATION (September 2024)Canada$94.6k

This section shows Cheese'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 Cheese over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.62M

IMPORTS (2022)$230M

NET TRADE (2022)-$227M

In 2022, Philippines exported $3.62M in Cheese. The main destinations of Philippines exports on Cheese were United States ($1.08M), United Arab Emirates ($413k), Singapore ($401k), Hong Kong ($389k), and Kuwait ($214k).

In 2022, Philippines imported $230M in Cheese, mainly from New Zealand ($87.8M), Australia ($43.4M), United States ($34.5M), Denmark ($24.4M), and Indonesia ($9.44M).

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