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2023
Exports $3.27MWorld Rnk 82 / 176
Flag Rnk 445 / 1123
2023
Destination $210k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $210kChinese Taipei
2023
PRODUCT COMPLEXITY IN Cheese-0.12Rnk 596 / 1025
2023
Imports $199MWorld Rnk 37 / 225
Flag Rnk 131 / 1202
2023
Origin $2.79M New Zealand
2022 - 2023
FASTEST GROWING ORIGIN $2.79MGermany
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $3.27M in Cheese, making it the 82nd largest exporter of Cheese in the world. At the same year, Cheese was the 445th most exported product in Philippines. The main destination of Cheese exports from Philippines are: Hong Kong ($929k), United Arab Emirates ($552k), United States ($407k), Chinese Taipei ($215k), and New Zealand ($203k).

The fastest growing export markets for Cheese of Philippines between 2022 and 2023 were Chinese Taipei ($210k), United Arab Emirates ($146k), and Hong Kong ($84.7k).

Imports In 2023, Philippines imported $199M in Cheese, becoming the 37th largest importer of Cheese in the world. At the same year, Cheese was the 131st most imported product in Philippines. Philippines imports Cheese primarily from: New Zealand ($92.4M), United States ($23.2M), Australia ($22.5M), Denmark ($21.1M), and Indonesia ($8.33M).

The fastest growing import markets in Cheese for Philippines between 2022 and 2023 were Germany ($2.79M), Uruguay ($2.4M), and Lithuania ($866k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Cheese exports accounted up to $287k and imports accounted up to $17.1M, resulting in a negative trade balance of $16.9M. Between July 2023 and July 2024 the exports of Philippines'   Cheese have increased by $10.8k (3.91%) from $277k to $287k, while imports increased by $878k (5.4%) from $16.3M to $17.1M.

Destinations In July 2024, Cheese were exported mostly to Canada ($101k), United States ($67.1k), Brunei ($50.4k), Hong Kong ($21.9k), and New Zealand ($16k), and were imported mostly from New Zealand ($7.24M), United States ($2.51M), Australia ($2.5M), Denmark ($1.2M), and Indonesia ($729k).

Growth In July 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 July 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
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$10.8k(3.91%)
IMPORT GROWTH (July 2023 - July 2024)$878k(5.4%)
MAIN DESTINATION (July 2024)Canada$101k

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 (2023)$3.27M
IMPORTS (2023)$199M
NET TRADE (2023)-$196M

In 2023, Philippines exported $3.27M in Cheese. The main destinations of Philippines exports on Cheese were Hong Kong ($929k), United Arab Emirates ($552k), United States ($407k), Chinese Taipei ($215k), and New Zealand ($203k).

In 2023, Philippines imported $199M in Cheese, mainly from New Zealand ($92.4M), United States ($23.2M), Australia ($22.5M), Denmark ($21.1M), and Indonesia ($8.33M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cheese EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Chinese Taipei$210k (3.67k%)
United Arab Emirates$146k (35.9%)
Hong Kong$84.7k (10%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cheese BY Philippines WERE (2022 - 2023):
Brunei-$225k (-57.8%)
Saudi Arabia-$202k (-56.6%)
South Africa-$141k (-99.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Cheese were:
Germany $6.51B
Netherlands $5.3B
Italy $5.28B
In 2023, Philippines's main importing competitors in Cheese were:
Germany $5.58B
France $3.02B
Italy $2.84B

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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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