Chocolate Products (Contains Cocoa, >2kg) in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported N/A in Chocolate Products (Contains Cocoa, >2kg), making it the 60th largest exporter of Chocolate Products (Contains Cocoa, >2kg) in the world. At the same year, Chocolate Products (Contains Cocoa, >2kg) was the 1029th most exported product in Philippines. The main destination of Chocolate Products (Contains Cocoa, >2kg) exports from Philippines are: China ($993k), Thailand ($274k), Malaysia ($216k), Indonesia ($128k), and United Arab Emirates ($96.6k).

The fastest growing export markets for Chocolate Products (Contains Cocoa, >2kg) of Philippines between 2021 and 2022 were China ($456k), United States ($78.6k), and Indonesia ($77.7k).

Imports In 2022, Philippines imported $19.4M in Chocolate Products (Contains Cocoa, >2kg), becoming the 40th largest importer of Chocolate Products (Contains Cocoa, >2kg) in the world. At the same year, Chocolate Products (Contains Cocoa, >2kg) was the 959th most imported product in Philippines. Philippines imports Chocolate Products (Contains Cocoa, >2kg) primarily from: Malaysia ($8.14M), Singapore ($4.49M), Indonesia ($2.42M), Belgium ($1.62M), and Thailand ($665k).

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 Chocolate Products (Contains Cocoa, >2kg) from Philippines to the United States.

Latest Trends

June 2024

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Overview In June 2024 Philippines' Chocolate Products (Contains Cocoa, >2kg) exports accounted up to $1.16M and imports accounted up to $1.14M, resulting in a positive trade balance of $20.2k. Between June 2023 and June 2024 the exports of Philippines' Chocolate Products (Contains Cocoa, >2kg) have increased by $1M (646%) from $155k to $1.16M, while imports decreased by $-614k (-35.1%) from $1.75M to $1.14M.

Destinations In June 2024, Chocolate Products (Contains Cocoa, >2kg) were exported mostly to China ($425k), Singapore ($182k), Malaysia ($177k), Vietnam ($158k), and Japan ($93.1k), and were imported mostly from Singapore ($621k), Belgium ($241k), Thailand ($134k), United States ($77.2k), and Spain ($21.4k).

Growth In June 2024, the increase in Chocolate Products (Contains Cocoa, >2kg)'s year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Chocolate Products (Contains Cocoa, >2kg)'s year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-153k or -36.5%) and United Kingdom ($-10.6k or -62.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$1M(646%)

IMPORT GROWTH (June 2023 - June 2024)$-614k(-35.1%)

MAIN DESTINATION (June 2024)China$425k

This section shows Chocolate Products (Contains Cocoa, >2kg)'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 Chocolate Products (Contains Cocoa, >2kg) over time.

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