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2022
Exports $3.62MWorld Rnk 80 / 169
Flag Rnk 443 / 1127
2022
Destination $400k United States
2021 - 2022
FASTEST GROWING MARKET $400kUnited States
2022
PRODUCT COMPLEXITY IN Cheese-0.14Rnk 591 / 1025
2022
Imports $230MWorld Rnk 33 / 223
Flag Rnk 145 / 1201
2022
Origin $22.5M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $22.5MNew Zealand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

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

December 2023

About

Overview In December 2023 Philippines' Cheese exports accounted up to $220k and imports accounted up to $13.7M, resulting in a negative trade balance of $13.5M. Between December 2022 and December 2023 the exports of Philippines'   Cheese have decreased by $-53.1k (-19.4%) from $273k to $220k, while imports decreased by $-1.73M (-11.2%) from $15.4M to $13.7M.

Destinations In December 2023, Cheese were exported mostly to , and were imported mostly from .

Growth In December 2023, the decrease in Cheese's year-by-year exports was explained primarily by a decrease in exports to Canada ($-95.6k or -55.7%), Hong Kong ($-21.5k or -37.1%), and United Arab Emirates ($-21.2k or -77.7%). In December 2023, the decrease in Cheese's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-624k or -46.6%), Germany ($-136k or -27.4%), and Greece ($-105k or -56%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-53.1k(-19.4%)
IMPORT GROWTH (December 2022 - December 2023)$-1.73M(-11.2%)
MAIN DESTINATION (December 2023)

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cheese EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$400k (58.5%)
Singapore$233k (138%)
Kuwait$166k (350%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cheese BY Philippines WERE (2021 - 2022):
Hong Kong-$404k (-51%)
United Arab Emirates-$111k (-21.3%)
Chinese Taipei-$17.8k (-66%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cheese were:
Germany $6.23B
Netherlands $5.19B
Italy $4.66B
In 2022, Philippines's main importing competitors in Cheese were:
Germany $5.19B
France $2.8B
Italy $2.62B

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Trade Value of Cheese by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $620k
TOP IMPORT POTENTIALItaly+ $4.89M

Cheese’s highest export potential is United States. With an export gap of $620k.   Cheese’s highest import potential is Italy with an import gap of $4.89M.

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